A little more than half a million tourists visited Macau over the Labour Day weekend, between May 1-4. That’s 20 percent more than last year
MOP 6.00 Year III
Number 532 Tuesday May 6, 2014
Publisher: Paulo A. Azevedo
Closing editor: Sara Farr
Balance sheet skewed
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Carry on regardless
Deposits by foreigners working in Macau are growing at triple the rate of those of residents, and already account for one third of all deposits. Residents’ deposits, on the other hand, decreased slightly by 0.3 percent, the third consecutive fall of the year, while foreign and public sector deposits jumped Page
7
A possible crackdown on mainlanders bypassing normal visa application procedures to visit Macau will have little or no impact on visits to the territory, it is claimed Page
7
Sunny June?
2
The commerce ministry says in a report that trade will improve after May. Analysts partly attribute the weak trade figures to an inflated comparison base Page
Sands passes baton to SJM SJM is number one again in terms of market share, following a 5.2 percent growth in April. Sands China settles for second place, with a market share of 22.2 percent. Galaxy isn’t far behind with 18.8 percent of the market. Wynn Macau and MGM maintain the same position, and both operators, while building new resorts in order not to be dependent on just one property, also presented increases, both in April and in the first four months. Page 3
9
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Brick by brick
HSI - Movers May 5
Name
Legislator Ho Ion Sang says there’s no excuse to keep delaying the bill on the renovation and rejuvenation of old neighbourhoods, which was first drafted in 2006 Page
5
%Day
China Unicom Hong K
2.23
Kunlun Energy Co Lt
0.83
CITIC Pacific Ltd
0.74
China Construction
0.00
Bank of China Ltd
0.00
Cathay Pacific Airwa
-2.41
China Merchants Ho
-2.67
Wharf Holdings Ltd
-3.13
Cheung Kong Holdin
-7.62
Hutchison Whampoa
-8.14
Source: Bloomberg
I SSN 2226-8294
What rental laws?
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Only 27,000 lease agreements were registered in 2012 but as many as 41,376 families are living in rented apartments. The maths doesn’t add up, says a local lawyer. Page 4
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