Macau Business Daily, April 18, 2014

Page 1

MOP 6.00 Publisher: Paulo A. Azevedo Number 521 Friday April 18, 2014 Year III

Mega project revealed Business Daily reveals details of the latest mega gaming project to unfold in Manila. Japanese businessman Kazuo Okada’s Tiger Resort plans to open the first of three phases next year. Confident

that the bumpy start will give way to a smooth project to lead the industry in the Philippines capital, senior executives tell this newspaper what gaming can expect from the multibillion dollar investment

www.macaubusinessdaily.com

Pages

8&9

Dollars & sense

Less is more

The opening of six budget hotels is being evaluated by the government. A total of 462 rooms for budget travellers will be added to the existing 1,500. A much overdue addition, claim tourism analysts.

The gap between who has more and who has less is diminishing. At least, according to the government’s calculations. The gauge measuring the inequality of income distribution in the territory has declined over the past five years measured by the GINI coefficient of Macau

The report on pages 6 & 7

Swings and roundabouts

Brought to you by

HSI - Movers April 17

Name

%Day

Sino Land Co Ltd

2.22

CNOOC Ltd

1.42

New World Develop

1.12

China Mengniu Dair

0.99

Wharf Holdings Ltd

0.99

Cathay Pacific Airwa

-0.79

Hengan Internation

-0.84

Belle International

-1.05

Want Want China H

-1.90

CITIC Pacific Ltd

-3.08

Source: Bloomberg

I SSN 2226-8294

Page 16

Brought to you by

Residential mortgage loans drop drastically in February compared to January. Over 41 percent fall. But compared to the same month last year there was an increase of 24 percent. On the contrary, loans granted for commercial property grew but only for residents Page 3

Mystery explained Macau’s external reserves at a two-year low because local banks are selling more patacas to obtain foreign currency Page 2

Rolling high Macau Legend Development Ltd is tapping the gaming promotion business. One of its wholly owned subsidiaries has signed an agreement with a junket to diversify its business and participate in gaming promotion Page 5

2014-4-18

2014-4-19

2014-4-20

22˚ 28˚

23˚ 28˚

23˚ 29˚


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.