MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 536 Monday May 12, 2014 Year III
Housing Questions
A 60-day public consultation is underway for the reserved housing scheme for Macau residents. Questions linger as to whether this scheme is open to permanent residents or whether others can apply. While the number of flats to be sold under the scheme – and cost - has yet to be decided, the government says it’ll be lower than that of subsidised housing
www.macaubusinessdaily.com
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SAR ticks boxes
Adaptation key
The Macau Government says it has achieved “considerable” results in implementing UN recommendations. These mainly include the protection of non-resident workers, improving citizen’s welfare and the implementation of policies for the construction of new public housing. Says the government
President Xi says China has to make an effort to adapt to the slowdown in the economy, prevent risks and reduce potential negative effects
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Population climbing
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The number of foreign workers moving to Macau has grown six times faster than average. A total of 145,700 non-residents now call Macau home, up 27 percent from a year ago, while the local population remains static. Over 600,000 people now live here Page 4
Uncle Sam suggests
HSI - Movers May 9
Name
Premium mass market drives Melco Crown
American authorities urge a drastic reduction in the transaction amount that Macau gaming operators have to report. And Macau? Authorities here believe the current MOP500,000 limit is ‘adequate’ given the territory’s reality
Melco Crown reported a 31 percent jump in profits in the first quarter, beating market expectations and reversing last week’s historic plunge in share price. The company’s adjusted property EBITDA climbed to US$388 million dollars from a year ago. Thanks to the premium mass market
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%Day
Sands China Ltd
5.80
Galaxy Entertainme
5.60
China Overseas Land
1.69
Power Assets Holdin
1.66
Tencent Holdings Ltd
1.10
China Resources Lan
-1.52
Cathay Pacific Airwa
-1.78
Want Want China Ho
-1.79
Hengan Internation
-2.62
China Unicom Hong K
-2.67
Source: Bloomberg
I SSN 2226-8294
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