Macau Business Daily, June 19, 2014

Page 1

MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo

M

acau is all about breaking records. Every year, the territory’s gross gaming revenues and fiscal surplus balloons. The same could happen again; preliminary estimates point to gov’t tax revenues growing three times faster than expenses. Macau’s reached 90 percent of this year’s projected budget, so the fiscal surplus could bust the MOP100 billion-mark Page

5

Year III

Number 564 Thursday June 19, 2014

All-time high

Citigroup pays HK$5.4 bln for office tower

More Manila flights

Page 4

www.macaubusinessdaily.com

Weekly flight frequencies between Macau and the Philippines will increase dramatically. Aviation authorities from both sides sealed the deal yesterday. Macau’s proximity to Hong Kong and big cities in mainland China is also piquing the interest of the Philippines’ civil aviation authorities Page 3

Chow Tai Fook buys US diamond jeweller for US$150 mln Page 6

Macau ‘inspires’ pawnshops in Singapore Page 7

HSI - Movers June 18

Name

A rose by any other name

Looking to be listed

Bitcoin machines are coming to Macau. They will be known as ‘two-way exchange kiosks’. The authorities here, and in HK, forbid the term ‘ATM’ or any wording implying a credit institution service Page

2

New money tap

Zhuhai Da Hengqin Investment Co Ltd plans to list on the Hong Kong Stock Exchange. If successful, the Chinese state-owned company will issue dim sum bonds to the tune of 1.5 billion yuan

%Day

New World Develop

1.93

CITIC Pacific Ltd

1.06

China Shenhua Ener

0.91

Ping An Insurance G

0.81

China Petroleum & C

0.68

Galaxy Entertainme

-1.15

China Life Insurance

-1.16

China Resources Po

-1.19

China Resources Lan

-1.21

Want Want China Ho

-1.91

Source: Bloomberg

I SSN 2226-8294

Page 2

Brought to you by

A new monetary tool will help adjust supply to China’s monetary base. This should help guide medium-term interest rates Page

11

2014-6-19

2014-6-20

2014-6-21

28˚ 33˚

27˚ 31˚

26˚ 30˚


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Macau Business Daily, June 19, 2014 by Business Daily - Issuu