Macau Business Daily, March 25, 2014

Page 1

Year II

Number 503 Tuesday March 25, 2014

Publisher: Paulo A. Azevedo

MOP 6.00

business daily 1

Friday April 19, 2013

Rocky road Transmac revenues rose by 22 percent in 2013 but profits have tumbled slightly. The company’s managing director blames a 20 percent surge in labour costs. In an interview with Business Daily, Chan Hio Leong defends service contracts for bus

operators but will accept the decision to change to public service concessions as argued by the Commission Against Corruption. Page

www.macaubusinessdaily.com

Govt increases pensions and benefits

SCMP buys Destination Macau Page 6

The Social Security Fund will put more 162 million patacas to cover increased allowances. But contributions remain deadlocked. Page

3

2

Portuguese hotel group prepares investment Page 8

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HSI - Movers March 24

Name

Bears retreat

Fine print

Hong Kong stocks had a good day. Chinese Employment agencies will be able to charge a standard fee to shares rebound after entering a bear employers. The government is drafting the bill. The industry market last week. gives thumbs up.

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9

%Day

PetroChina Co

5.47

CITIC Pacific Ltd

4.80

China Unicom HK

4.28

China Mobile Ltd

4.19

China Life Insur

3.93

China Mengniu

-0.94

China Resources

-1.61

Tingyi Cayman Isl

-2.63

Li & Fung Ltd

-3.53

Hutchison Whampoa

-5.05

Source: Bloomberg

I SSN 2226-8294

Surprise, surprise Guess what, another increase in the number of visitors to Macau. And hotels have been packed. In the first two months of this year alone Macau already registered 5.1 million visitors.

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Macau Business Daily, March 25, 2014 by Business Daily - Issuu