Year II
Number 498 Tuesday March 18, 2014
Publisher: Paulo A. Azevedo
MOP 6.00
business daily 1
Friday April 19, 2013
U-turn on cross-border car insurance
L
et’s forget one motor insurance policy for dual-plate vehicles. The consensus now is that a U-turn is necessary. Macau and Mainland China want to issue their own policies, says the president of the Monetary Authority. Page
GDP rolls double sixes
E
www.macaubusinessdaily.com
conomists say that Q4 GDP set the most sizzling pace for 7 quarters. Due credit was given to the juggernaut performance of the resort-casinos, while expectations remain high for double digit growth this year. Q4 GDP expanded by 14.3 per cent ‘spurred by rising exports of services’, claims the Statistics and Census Service. Page
5
Minimum wage still up for grabs Page 7
Stampede for subsidised flats Page 8
6
The long urban march
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HSI - Movers March 17
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P
ropelled by the necessity of creating a domestic demand-led economy, Chinese leaders say urbanisation is the way to go. State media report that the leadership will introduce a total overhaul of transportation, residence-registration rules and encourage local governments to partake in growing the cities. Page
9
%Day
Galaxy Entertain
4.36
China Resources Po
4.30
CITIC Pacific Ltd
2.40
Hang Lung Propert
1.99
Sands China Ltd
1.97
China Mengniu Dair
-1.96
China Overseas Lan
-2.11
Cosco Pacific Ltd
-2.67
Tencent Holdings
-3.10
New World Develop
-5.56
Source: Bloomberg
Govt. TV plan gets poor reception A tale of two cities Secretary for Transport and Public Works Lau Si Lo discloses plan to roll out a wholly governmentowned TV station. Billed as a ‘temporary measure’, the Secretary claims the station would plug the gap while new concessions are thrashed out with industry players. The major companies concerned have voiced grave doubts. Page 4
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The sentencing of two high profile Hong Kong businessmen by a Macau court has resurrected talk of an extradition treaty between the two SARs. A Hong Kong law professor cites the different legal systems as a major hurdle to be negotiated but an international law expert says that invoking the U.N. Convention Against Corruption could be applied. Pages 2 & 3
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