Macau Business Daily, May 22, 2014

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MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 544 Thursday May 22, 2014 Year III

FAST BUCK

Page

Construction wars

Ready to go Galaxy assures investors that construction of Phase II of its Cotai property is coming along nicely and is slated to open on schedule in 2015 www.macaubusinessdaily.com

Guangdong authorities received at least 10,000 applications on the first day of the E-permit pilot scheme. Just seconds for mainland travellers to pass through Customs now when entering Macau. And E-permits mean more income for the gaming industry, analysts say 2

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Macau’s tenuous hold on the supply of engineers is not likely to improve any time soon. The city is battling it out with Hong Kong and mainland China for professionals in the sector, industry sources tell Business Daily. Project managers are most in demand Page 3

HSI - Movers May 21

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Name

%Day

Lenovo Group Ltd

3.40

China Petroleum & Ch

2.15

Going up

China Unicom HK

1.58

Galaxy Entertainm

1.57

Bank of China Ltd

1.42

The average price of hotel rooms increased 10.3 percent in April over that of a year ago, 4-star units climbed more than 15%

AIA Group Ltd

-0.91

MTR Corp Ltd

-1.04

China Merchants Ho

-1.04

Hutchison Whampoa Lt

-1.35

HSBC Holdings PLC

-2.00

Source: Bloomberg

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I SSN 2226-8294

Great walls of China crumbling Moody’s has reduced China’s property ranking to negative. Latest sector results have tipped a stable situation into negative territory Page 10

Spending Frenzy

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In the first quarter, CEM has already spent more than 70 percent of its annual government-approved investment budget Page 4

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2014-5-24

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Macau Business Daily, May 22, 2014 by Business Daily - Issuu