MOP 6.00 Year III
Number 523 Tuesday April 22, 2014
Publisher: Paulo A. Azevedo
Iron rice bowl filling
Macau households are becoming increasingly dependent upon government subsidies. Official data reveals that in the last five years family subsidies quadrupled from 600 to more than 2,600
patacas monthly as cash handouts and healthcare expands. Disposable income surged 72 percent in the same period. An economist says the government is buying “social peace” Page
3
Chewing the options www.macaubusinessdaily.com
It used to be the government’s media watchdog but the downtown building is slated to become the site of a food production distribution centre for Portuguesespeaking countries Page
5
Office, shop rentals rocket Page 6
Casino stocks could face tough times in the near future as volatility returns to the market after gambling revenues for April tracked down below estimates. Chinese credit risk is increasing and a flat performance is predicted for the Hong Kong stock market in the second quarter, analysts warn Page
Premier Li has sketched the master lines of energy production and consumption reform. Empowering greener means and better selfprovisioning Page 10
The city’s office and shop rental costs will continue spiralling upwards into the first half of this year. The average rental is already 10 percent higher year-onyear, a rise sparked by new companies and greater demand by firms moving to commercial buildings from street shops
Turbulent tables
Power revolution
HSI - Movers April 21
Name
%Day
Sino Land Co Ltd
2.22
CNOOC Ltd
1.42
Cheung Kong Holdin
1.26
Hutchison Whampo
1.22
China Petroleum & C
1.16
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
9
Zhuhai zen
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Macau home transactions are on the decline and new supply is limited. Invest in Zhuhai, Sun City Property Co Ltd tells Business Daily, where the city’s west side is not subject to home purchasing restrictions for non-Zhuhai investors Page 7
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