Macau Business Daily, Mar 18, 2014

Page 1

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

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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

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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

Name

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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

I SSN 2226-8294

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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