MOP 6.00 Closing editor: Alex Lee Number 547 Tuesday May 27, 2014
Publisher: Paulo A. Azevedo
Perks on ice T
Year III
he Chief Executive has asked the Legislative Assembly to cancel today’s agenda. The vote for the controversial bill awarding a generous welfare package to outgoing principal officials is on hold. “There’s still room for improvement on the bill”, a statement quotes Chui Sai On as saying. The leader of Sunday’s protests is planning to besiege Macau’s parliament today
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www.macaubusinessdaily.com
Moving up
Mass and Cotai success
3
MOP32 million for CE election Page 7
Macau became the seventh biggest foreign investor in Guangdong province. In 2012, Macau only secured 10th position
Two casinos stubbing out smoking lounges
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Remedial action
Brought to you by
Pharmaceutical industry’s profit margin in China is sharply declining as Government stresses price reduction and struggles against corruption surrounding medical environment Page 10
HSI - Movers May 26
Sands China led the first quarter results race in Macau, growing 60 percent above market average. It overwhelmed the competition in terms of profit, revenue and mass market. As the industry epicentre moves from VIP to mass and from Macau to Cotai, Big Six gaming operators profit climbed 28 percent. Mass revenues skyrocketed 40 percent, leaving investors “very bullish” Page 6
Money in the bank
Name
%Day
China Resources Po
1.95
Lenovo Group Ltd
1.37
China Merchants Ho
1.25
Tingyi Cayman Islan
0.92
BOC Hong Kong Holdi
0.89
Power Assets Holdin
-1.03
China Unicom Hong K
-1.04
COSCO Pacific Ltd
-2.06
Wharf Holdings Ltd
-2.91
China Resources Ent
-3.97
Source: Bloomberg
I SSN 2226-8294
Fleeting employees Brought to you by
To retain staff in Macau is a nightmare. So says a survey conducted by an insurance and broking risk management operation. As many as 71 percent of local companies surveyed admitted to struggling with workforce-related issues
It was a good year for Bank of China Macau branch. Profits jumped more than a third to surpass the 3 billion pataca benchmark. However, further growth could be limited by the scarcity of credit
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