Year II
Number 499 Wednesday March 19, 2014
Publisher: Paulo A. Azevedo
MOP 6.00
business daily 1
Friday April 19, 2013
B
eijing’s anti-graft body has announced that it will keep watch on central government’s liaison offices in Macau and Hong Kong. A move that has caught analysts by surprise. Helping tackle corruption or just deterring mainland officials from gambling are two possible explanations. Page
2
We’re watching! www.macaubusinessdaily.com
‘Authentic hell’
The buses are late and taxi drivers are selective. Public transport queues are getting longer and quality of service is going out the window. So say residents and visitors to the city in a straw poll taken by Business Daily, and reinforced by a Transport Bureau survey just released. Pages
4&5
Page 3
Macau junkets check in with Ritz Club London Page 7
Show me the money
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A local shop manager can get MOP40,000 in basic salary, higher than Hong Kong. The pay in retailing will continue to grow in the next two years, according to the latest Links International salary index. Page
Ambrose So comments on SJM’s 2nd place market share
HSI - Movers March 18
Name
6
%Day
Tencent Holdings
5.76
China Resources Po
4.45
New World Develop
2.05
China Life Insuranc
1.47
Lenovo Group Ltd
1.45
Sands China Ltd
-1.37
Want Want China H
-1.57
Hengan Internatio
-1.82
China Merchants H
-2.94
Belle International
-3.63
Source: Bloomberg
Big is best
SK bets on Caesars
Hong Kong heavyweight builders are having the time of their lives with construction projects in Cotai. Listed companies such as Hsin Chong Construction Group and China State Construction International report healthy profits.
Caesars Entertainment Corp made a mistake by not entering Macau. Now, the American gaming giant doesn’t want to repeat the same mistake, and has got its foot in Korea. A venture with Lippo Ltd will enable a casino resort on Yeongjong Island, 50 km away from Seoul.
Page 8
Page 12
China slows down house prices Price growth has slowed in China, dragged down by first-tier cities and tighter credit. The main objective is to control undue borrowing, and individual city measures to curb property prices. Page 10
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