MOP 6.00 Closing editor: Alex Lee Publisher: Paulo A. Azevedo Number 539 Thursday May 15, 2014 Year III
Health jackpot Since 2011, the government has gifted more than 1.2 billion patacas to Kiang Wu Hospital. That’s 83 percent of the Health Bureau’s budget for private entities on one single
institution. The subsidies to Kiang Wu are increasing at 15 percent per annum and could reach half a billion patacas in 2014 Page 7
Transparency needed www.macaubusinessdaily.com
The European Union heavies are in Macau. Mission: convince the government to improve tax transparency standards to fight fraud and adopt the G20’s global automatic exchange of information system. Trade between the two regions is growing almost 30 percent per year, EU Commissioner Algirdas Semeta tells Business Daily Page 2
Land of the rising opportunity
Coffee grounds
Japan’s casino market could be bigger than Macau for MGM Resorts International, says James Murren. The company CEO is in Tokyo and expounds on the significance of the Japanese bet: fewer operators competing Page 5
Tan Heong San, best known for its Honolulu cafes, is preparing to fork out some 15 million patacas to open two ‘upscale cafes’ in Macau. Company owner Jack Ung also wants to build a hotel on Hengqin Island, a proposal made under the company’s name, he tells Business Daily
Customs crack down on food smugglers Page 6
Chinese national millions in debt to Crown casino Page 16
Brought to you by
HSI - Movers May 14
Name
%Day
China Resources Lan
5.95
China Overseas Land
4.09
China Resources Po
3.99
New World Develop
3.61
Bank of Communicat
2.24
China Unicom Hong K
-0.33
China Mengniu Dairy
-0.38
China Merchants Ho
-0.63
Tingyi Cayman Islan
-0.68
AIA Group Ltd
-1.04
Source: Bloomberg
I SSN 2226-8294
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