MOP 6.00 Publisher: Paulo A. Azevedo Number 512 Monday April 7, 2014 Year II
Time Bomb Escalating competition for employees is putting small and medium enterprises on the ropes. An SME association thinks hiring directly from the mainland and Taiwan could keep businesses afloat. Last year, 60 of the Association’s 500 members called it a day and closed their doors. If nothing changes, up to 30 percent of those left might follow suit this year, warns vice-president Daniel Iong Page
www.macaubusinessdaily.com
Junket duress Sands China Ltd is increasing scrutiny of junket operations. The objective, a source tells Bloomberg, is to bolster safeguards against money laundering. The American news agency reports that the move might lead to a shakeout among the middlemen who channel twothirds of the betting into Macau. Not worried, it seems, is China Star Entertainment. The owner of Lan Kwai Fong hotel and casino is increasing its presence in the market after offering HK$200 million in loans to a junket operation involved in Sands China’s VIP rooms
Power to the people The mass market continues to shine. According to brokerage firm Wells Fargo, mass gaming revenue is up almost 40 percent in the first quarter of the year. VIP business grew “only” 12.5 percent
James Packer wants Australia to change visa model for Chinese tourists Page 3
Page 5
Desert island discs: malls or logistics? Page 16
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Pages 4 & 5
Name
A family affair Apparently incapable of diversifying its offers to tourists, Macau will not be able to attract a different type of visitor says the president of the Macau Travel Industry Council. Andy Wu Keng Kuong tells Business Daily he does not think family hostels are a good solution for low budget visitors
%Day
Hong Kong Exchang
2.92
China Unicom Hong
2.58
Li & Fung Ltd
1.72
CNOOC Ltd
1.69
Tingyi Cayman Islan
1.61
Cheung Kong Holdin
-1.26
Belle International
-1.49
China Merchants Ho
-2.53
China Resources Po
-3.01
Tencent Holdings Lt
-3.93
Source: Bloomberg
I SSN 2226-8294
Chinese banks will have to face stress tests as authorities have noticed too many bad loans being granted lately
A government-owned TV company created to solve the big historical mess of the antenna companies will have a 10 million-pataca start-up fund to dip into in its first year of operations. Almost 50 basic channels will be on the programme menu. CTM will provide equipment and maintenance for 70 percent of the fat cheque
Pages 8 & 9
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Pages 6 & 7
Under stress
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Stay tuned
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