melco announces stock repurchase program

Melco Crown Entertainment Limited announced yesterday that its board of directors has authorized a program to carry out on-
market repurchases of up to an aggregate of USD500 million of their trading value until the expiry of the Company’s current share repurchase mandate granted to the board of directors at the company’s annual general meeting held on May 21, 2014 upon conclusion of the next annual general meeting of the Company in 2015 or the revocation or variation of such mandate by shareholders of the Company in general meeting.
Mr. Lawrence Ho, co-chairman and chief executive officer of Melco Crown Entertainment stated, “The authorization of a stock repurchase program reflects the Board and management team’s confidence in Melco Crown Entertainment’s long-term strategy and growth prospects as well as a commitment to strategically investing in development opportunities and returning capital to investors. The Board and management team believe this repurchase program to be in the best interest of the Company and its shareholders.”

ctm holds staff data protection awareness seminar

Besides deploying IT measures for personal data protection, CTM has been organizing seminars on regular basis to arouse staff members’ awareness in customer data protection. Recently, CTM has taken the initiative to invite the Office for Personal Data Protection (GPDP) to organize several seminar sessions for staff members, with aim of supplementing their knowledge in data protection law, thus reinforcing protection over customers’ data.
A total of 7 “Personal Data Protection Act” Seminar sessions took place in July and August at CTM’s offices, which were attended by nearly 500 staff members from different departments. During the session, GPDP representatives conducted a detailed introduction on the “Personal Data Protection Act”, as well as sharing some real-life cases and advising on the guidelines on how to manage customer data during routine operations.