MOP 6.00 Publisher: Paulo A. Azevedo Number 519 Wednesday April 16, 2014 Year III
‘Team Business’
fires up
The Macau Grand Prix will, for the first time, hold a public tender for the right to sponsor the title event and individual races. Greater transparency and strong interest from companies are cited for this 61st edition innovation. This year’s 190 million-pataca budget is15 percent up on 2012 16
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Urban myth
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We already have an Urban Planning Law. But its master plan may take up to five years, legislators were told yesterday by Secretary Lau Si Io Page 3
Seasonal factors slow revenues
Reality bites The advice is clear: the Year of the Horse does not favour property owners, as a result of less favourable conditions. Mortgages, non-observance of loans for individuals and real estate agents caution aspiring property owners. The report on pages
Foreign reserves drop to lowest level since separation from fiscal reserve Page 3
6&7
HSI - Movers April 15
Name
%Day
Cheung Kong Hold
0.37
Power Assets Hold
0.14
CITIC Pacific Ltd
0.14
April is, so far, lagging expectations in terms of gaming revenues. Seasonal factors, say analysts. Much better was the first quarter, with profits from casinos reaching 20 and even 30 percent
Sun Hung Kai Propert
-0.20
China Resources Powe
-0.23
China Overseas Land
-3.59
China Mengniu Dairy
-3.80
Page 8
China Petroleum & Ch
-3.91
Hong Kong Exchang
-5.27
China Merchants H
-5.55
A breath of fresh air
Source: Bloomberg
The China government is about to finish writing a law that will reinforce punitive measures in environmental cases. The ruling will be the first improvement on the matter in 25 years Page 10
Government evaluating ways to improve residents’ retirement pot Page 5
Osaka planning to overtake Tokyo in the casinos contest Page 9
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