Year II
Number 502 Monday March 24, 2014
Publisher: Paulo A. Azevedo
MOP 6.00
business daily 1
Friday April 19, 2013
Mortgage boom
January saw an increase of 138 percent in the value of new mortgages granted by banks compared with December 2013. Loans to acquire shops and homes. Page 5
www.macaubusinessdaily.com
Land deal Not yet but almost. Macau needs more land if it wants to diversify its economy so the only choice is entering the mainland, says the director of the Liaison Office. And the land reclamation the central government gifted Macau? Already decided: housing, infrastructure, tourism facilities, medical and government offices. Page
3
Yuan to ease inflation Inflation continues strong, due to eating out, higher rents and pricey vegetables. But the weaknessing of the yuan might help to slow it down.
Roles reversed?
Page
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The US National Security Agency has purportedly infiltrated Huawei servers in its Shenzhen headquarters. Gigantic amounts of information have been seized and communications breached between firm’s managers and top government officials, claim media.
HSI - Movers March 21
Name
Page
9
INTERVIEW: Eileen Stow
Red tape tying up business
Government TV cheaper than Cable TV Page 2
400 Chinese await “gold” visa applications Page 4
2
%Day
Li & Fung Ltd
21.17
China Overseas Land
7.05
China Resources L
6.48
China Shenhua En
5.16
China Mengniu
5.07
HK & China Ga...
-0.62
Sands China Ltd
-1.26
Bank of East Asia
-1.34
Kunlun Energy Co
-3.42
China Mobile Ltd
-3.73
Source: Bloomberg
I SSN 2226-8294
British Business Association of Macau Chairman Eileen Stow says big British businesses have Macau in their sights. But tight labour is a major problem for them and her own SME. Government red tape is hampering the efficient allocation of resources, she says, and stifling expansion plans for her company and Macau in general. Pages
6&7
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