MOP 6.00 Vitor Quintã Deputy editor-in-chief Editor-in-chief Tiago Azevedo Number 451 Thursday January 9, 2014 Year II www.macaubusinessdaily.com
Macau Cable TV in talks with govt on ‘long-term’ contract
April 19, 2013
No brake on car park costs
1
Page 2
More banks drop fees for dormant accounts Page 3
Zhuhai Airlines plans sales office in Macau Page 7
C
ar users will probably pay more this year to get private car parking spaces. The property market value of such spaces to investors is likely to rise 20 percent this year. “There is not – for the foreseeable future – any large amount of [fresh] car-parking supply,” Chan Lik Ki, general manager of specialist property agency CarparKing Co Ltd, told Business Daily. Transport Bureau Director Wong Wan said
on Tuesday the administration would first improve public transport and the “parking environment” before considering any curbs on private motor vehicle numbers in the city. There are no official data on the number of private and public car parks. There were more than 226,000 licensed motor vehicles in the city by November, 4.9 percent more than a year earlier. More on page 3
Brought to you by
Questions, but few answers on e-games policy
Hang Seng Index
The Macau government has been considering for some time the possibility of curbing the growth of electronic gaming in the city’s casinos as well as in standalone slot parlours, according to several industry sources spoken to by Business Daily. On Monday in the Legislative Assembly, Francis Tam Pak Yuen, Secretary for Economy and Finance, didn’t specify whether the administration was mainly concerned with traditional slot machines or electronic table games.
High housing prices prove drag for consumer confidence
Page 4
23019
22982
22945
22908
22871
22834
January 8
HSI - Movers
Macau residents remain pessimistic about the local housing market, a new survey suggests. A key concern is that there are no effective measures for cooling property prices. They also fret about future mortgage interest rates says the latest consumer confidence index compiled by Macau University of Science and Technology. The sub-index on housing dipped to 41.7 points out of 200 in the fourth quarter last year.
Name
Page 2
City upscale since zero-cost tours banned, says report Macau tourism has moved upmarket in the fourth quarter – probably as a result of the mainland’s ban on zero-fare tours, says a report from Morgan Stanley Research Asia Pacific. “…in October and November, Chinese visitation growth slowed down to four percent year-on-year, yet mass [gaming] revenue grew at 37 percent, implying 33 percent growth in mass revenue per Chinese visitor, despite no incremental hotel space,” states the report. Page 5
%Day
BELLE INTERNATIO
12.94
CHINA OVERSEAS
6.63
GALAXY ENTERTAIN
3.38
PING AN INSURA-H
3.18
CATHAY PAC AIR
2.61
HONG KG CHINA GS
-0.23
WANT WANT CHINA
-0.72
SWIRE PACIFIC-A
-0.84
CITIC PACIFIC
-0.93
CHINA PETROLEU-H
-1.17
Source: Bloomberg
I SSN 2226-8294
Brought to you by
2014-1-9
2014-1-10
2014-1-11
12˚ 16˚
12˚ 17˚
13˚ 19˚