Corporate Bits | Sheraton Macao offers festive dining experiences for the whole family

As part of Chinese New Year celebrations, the Sheraton Macao Hotel at Cotai Central is offering an array of dining experiences for the whole family at the restaurants Xin, Bene and Feast.  In addition to this, visitors can experience high tea with a Chinese New Year twist at Palms, a colorful Chinese New Year lion dance parade, and the distribution of lucky ‘lai see’ packets with MOP 300,000 worth of dining vouchers between February 16 and 25.  Exclusive Chinese New Year hampers filled with traditional delicacies are also available for purchase as special gifts at both Xin and Palms.
Xin is an Asian hotpot and seafood restaurant where guests can enjoy traditional “Poon Choi hotpots” , which feature premium seafood throughout the Chinese New Year.
Bene, a cozy Italian trattoria at the Sheraton Macao Hotel is offering two special set menus for dinner and a semi-buffet lunch throughout the Chinese New Year, specially created by the Executive Sous-chef Gaetano Palumbo. The “Chinese New Year Family Sharing Set Menu” features a chilled seafood platter (described as “molto bella”), a baked grouper flavored with lemon and roasted vegetables, and slow-cooked beef ribs with red wine, served with rosemary roasted potatoes.
For guests with a craving for the flavors of home during Chinese New Year, Feast, the all-day dining restaurant has created special buffet lunches and dinners throughout the holidays featuring traditional Chinese New Year dishes. The lunch and dinner buffets at Feast will feature Chinese roast stuffed suckling pig, Yunnan roast duck and a variety of international dishes.

Portugal Telecom shares slide as usd8.7b deal postponed

Portugal Telecom shares continued to lose value yesterday as both new doubts about the company’s future and legal questions about its recent past eroded market confidence.
One day after the postponement of a shareholder decision on whether to sell the troubled company to France’s Altice for 7.4 billion euros (USD8.7 billion), the company’s share price dropped 3.5 percent, to 0.69 euros — about the price of an espresso in a Lisbon cafe. In 2010, the year before Portugal needed an international bailout, the average share price was 11 euros.
The disarray within what was once one of the country’s biggest and most successful companies has reminded the Portuguese that, even though the three-year bailout program is over, more problems may be lurking.
Last summer, the collapse of Portugal’s biggest listed bank, Banco Espirito Santo, amid charges of fraud and the pre-Christmas jailing of 2005-2011 Prime Minister Jose Socrates on suspicion of corruption, further undermined public faith in corporate culture and political leaders.
On top of that, the country’s economic health post-bailout remains frail. There are doubts about whether Portugal managed to cut its budget deficit to 2.7 percent of gross domestic product last year, as promised. Public debt is almost 130 percent of GDP, one of the highest levels in the Eurozone.