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
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A new monetary tool will help adjust supply to China’s monetary base. This should help guide medium-term interest rates Page
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2014-6-19
2014-6-20
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