Macau Business Daily, June 17, 2014

Page 1

MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 562 Tuesday June 17, 2014 Year III

Tougher transit rules M

acau authorities are to restrict the number of days mainland Chinese visitors can transit in Macau. Formerly seven days, the new rule imposes a five-day limit, effective July 1. Infringements within 60 days will be penalised by a transit stay of one day only. Break the rules again within that period and a territory ban awaits PAGE

3

www.macaubusinessdaily.com

Forget me Macau representatives are in South Korea for this year’s 41st Asia Pacific Privacy Authorities forum. And along with 16 other jurisdictions are seeking the ‘right to be forgotten.’ Internet search giant Google has already set the ball rolling in Europe. Now Asians want dated and invasive posts deleted from cyberspace Page

2

Limited ownership The Chinese Government says foreign investors will be able to only hold up to 10 percent of a mainland listed company Page

More power

11

HSI - Movers

There’s a growing demand for electrical power. Consumption will increase exponentially in the coming years. By 2016, Macau will have a third power supply cable to meet its demands. But it means 95% of the territory’s power will be generated by China Page 2

June 16

Name

%Day

China Overseas Land

2.22

Hang Lung Propertie

1.49

Lenovo Group Ltd

1.01

PetroChina Co Ltd

0.95

Sino Land Co Ltd

0.95

Want Want China Ho

-1.14

Tingyi Cayman Islan

-1.16

Galaxy Entertainme

-1.37

Kunlun Energy Co Lt

-1.39

Hengan Internation

-1.92

Source: Bloomberg

I SSN 2226-8294

Sharing the pain

Virtual vending Bitcoin ATM machines are coming to Macau. The Hong Kong-based distributor of Coinnect plans to install two bitcoin ATM machines in Macau this month. With more planned for both SARs Page

4

Wells Fargo says shares of Las Vegas Sands and Wynn Resorts will be hard hit in the coming months. As Macau’s performance slows and negative investor sentiment continues, local problems may come home to roost in the States Page 5

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