Tag Archives: Sloaire
Philippines – Philippine stocks plummet due to Chinese crackdowns
Macau hasn’t been the only place hit by China’s crackdown on corruption and austerity with operators in Manila’s Entertainment City losing market value. Melco Crown and Bloomberry Resorts have both been hit hard with JPMorgan Chase & Co. predicting that profits will fall across the Philippines by 56 per cent in 2016. Shares in Bloomberry,…
