MOP 6.00 Closing editor: Alex Lee Year III
Number 568 Wednesday June 25, 2014
Publisher: Paulo A. Azevedo
Suddenly next summer
T
aipa’s much-delayed Pac On ferry terminal may be fully operational next summer. But not definitely. The Infrastructure Development Office announced yesterday that the expanded ferry pier is slated to open year-end. The 3.2 billion-pataca budget hasn’t changed but the completion date has Page 2
Stricter public tenders
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A Legislative Assembly sub-committee met with the government yesterday. Stricter procurement rules are now required to level the bidding process for public service purchases
HSI - Movers June 24
www.macaubusinessdaily.com
PAGE 2
Name
Fosun brings Hollywood to Macau Fosun is buying into new US media company Studio 8. It’s a rare investment by a Chinese firm in Hollywood. The Shanghai-based conglomerate aims to distribute Studio 8 movies in Macau and Hong Kong
%Day
Power Assets Hold
1.92
China Merchants Hol
1.47
Li & Fung Ltd
1.47
China Resources Ent
1.44
Sands China Ltd
1.20
Sino Land Co Ltd
-0.48
China Petroleum & Ch
-0.83
Kunlun Energy Co Ltd
-0.94
China Mengniu Dairy
-1.29
CNOOC Ltd
-1.45
Source: Bloomberg
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I SSN 2226-8294
Engineering a better deal
Free trade tango China and Australia are edging closer to a free trade zone agreement. The Aussie Finance Minister thinks the end of the year is a likely date
Hong Kong construction companies are short of staff. They’re offering fresh engineering grads HK$17,000. But that’s still not enough to tempt local university degree holders, says the president of the Macau Institute of Engineering. Accommodation costs are an important consideration
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Mid-July rebound? Casinos in Macau could see gross gaming revenues rebound next month. Once the final whistle blows on the World Cup in Brazil. Analysts expect June gaming revenues to drop 6 percent, with SJM continuing to lead the market PAGE 5
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