Macau Business Daily, July 1st, 2014

Page 1

T

he CE electoral college has been chosen. The biggest sector is the business sector, and is well represented by the casino industry’s leading lights. MGM China’s Pansy Ho, Galaxy Entertainment’s Francis Lui and SJM Holding’s Ambrose So and Angela Leong figure prominently. The election of Macau’s next Chief Executive is scheduled for August 31

MOP 6.00 Publisher: Paulo A. Azevedo

Closing editor: Sara Farr

Electoral College Convenes

www.macaubusinessdaily.com

Year III

Number 572 Tuesday July 1, 2014

Page 4

On a roll

Light at the end of the tunnel

The Bankers list commends ICBC, China Construction Bank, Agriculture Bank of China and Bank of China. They are the institutions who have made the most profits. In the world

It’s been a lengthy battle with the public antenna companies. And it’s affected the bottom line. Nevertheless, Macau Cable TV’s losses narrowed to 160 million patacas in 2013. The company’s chairman said ‘long and complicated’ negotiations impacted Cable TV’s performance. But there’s always ‘triple play service’ to look forward to Page

Page

2

10

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Name

Foreign foibles The net is closing in on bribery. Legislators have unanimously approved a draft bill that tackles ‘foreign’ bribes. Anyone attempting to bribe a foreign official faces a fine of up to 10 million patacas and 3 years’ jail time Page

5

%Day

Galaxy Entertainme

3.59

Lenovo Group Ltd

2.12

China Resources Lan

2.01

Want Want China Ho

2.01

Sands China Ltd

1.56

Hang Seng Bank Ltd

-1.09

AIA Group Ltd

-1.14

Hutchison Whampoa

-1.30

China Mengniu Dairy

-1.38

Henderson Land Dev

-1.41

Source: Bloomberg

I SSN 2226-8294

Rollercoaster real estate

Behind the curve

Home prices plunged more than 20 percent between April and May. But homes are still more expensive than a year ago. Coloane is the most expensive place to purchase, followed by the Macau Peninsula and Taipa Page 6

Today marks a new phase for Macau. New Era bus company starts up, UnionPay terminals cannot be placed in the vicinity of casinos; and mainland tourists on transit visas can only stay five days. Critics and analysts say authorities have been dragging their feet. Until Beijing picked up the phone Page 3

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