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
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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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