MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 529 Wednesday April 30, 2014
Up-tick in March exports
Year III
Macau exports jumped 10 percent in the month of March, mainly due to the high demand for watches
and clocks in the Hong Kong market. Exports of such goods went up more than three-fold year-on-year to 100.6 million
patacas last month, while the total value of exports reached 831.7 million patacas (US$104 million) Page
www.macaubusinessdaily.com
Low expectations April gaming revenue growth will slow down, investors predict, in anticipation of May’s Golden Week Page 2
Retiring gracefully
MGM first quarter results hit new high Page 16
The office for the Secretary for Public Administration and Justice has agreed to legislators’ suggestions regarding the one-off compensation for the city’s outgoing principal officials who are not from a civil service background. This means such officials could receive a higher compensation ratio of the salary for their official post Page 5
Kowloon Development revenue surges The upsurge in the company’s revenue here was due to presales of its Pearl Horizon and Lotes T+T1 in Areia Preta. The pre-sales of the two projects raked in over HK$10 billion. As many as 260 flats from the Lotes T+T1 complex have already been sold Page 8
Income disparity widens China’s income gap between rich and poor is among the largest in the world, and has already surpassed that of the U.S. An added challenge for President Xi Jinping as growth noticeably slows Page 9
3
VIP revenue slowdown Page 3
Brought to you by
HSI - Movers April 29
Name
No flights to India yet
%Day
China Unicom Hong K
6.44
China Mobile Ltd
4.57
Hang Lung Propertie
4.48
Sino Land Co Ltd
3.66
AIA Group Ltd
3.60
Bank of East Asia Lt
3.49
China Resources Ent
3.20
Hong Kong & China G
3.11
Sands China Ltd
-2.61
Galaxy Entertainme
-4.59
Source: Bloomberg
Air links between Macau and India are far from becoming a reality in the near future due to “commercial reasons”. This despite the number of Indian tourists to Macau increasing 8.8 percent in the first quarter of the year
I SSN 2226-8294
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