Macau Business Daily, July 11, 2014

Page 1

MOP 6.00 Closing editor: Alex Lee Year III

Number 580 Friday July 11, 2014

Publisher: Paulo A. Azevedo

Into single digits

F

rom 14 percent in February. To 11 percent in May. To 8 percent this month. 2014 gaming revenue growth estimates suffered another body blow yesterday. The investor downgrade stalks the VIP segment’s downward spiral with revenues set to tumble 9 percent in the second half. Single digit territory beckons in what is shaping up to be the worst annual performance for five years

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Zone A to add 10,000 more flats

5

But when? Why stop at security guards and cleaners? Legislators may consider extending the minimum wage to sectors territory-wide. A good idea but third permanent committee president Cheang Chi Keong anticipates an uphill battle

The government will increase the number of public housing units in Zone A. 28,000 flats will represent an increase of 64 percent. Applications will be invited in 2019, with the first units delivered in 2022. If reclamation stays on schedule PAGE 2

PAGE 3

Out of the market

HSI - Movers

In one year, office rents shot up 60 percent. Jones Lang LaSalle blames the lack of supply and the appearance of many new companies. Smaller companies get the message. They’re already lining up for industrial buildings to cut costs

Name

July 10

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Tangled web The Commission Against Corruption is now involved. CCAC is investigating the Wynn Resorts deal which involved 400 million patacas paid to an enterprise in Beijing. For development rights in Cotai. DSSOPT denies all knowledge

%Day

China Resources PoW

3.15

Cheung Kong Holdin

2.01

PetroChina Co Ltd

1.55

Hengan Internation

1.28

China Life Insurance

1.21

Swire Pacific Ltd

-0.47

Tingyi Cayman Islan

-0.69

China Mengniu Dairy

-0.83

Bank of China Ltd

-0.86

Ping An Insurance Gr

-1.58

Source: Bloomberg

I SSN 2226-8294

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Statistics meet reality Figures show that China’s trade improved in June. However, numbers deceived analysts’ forecasts. The odds are that PBOC will inject even more stimuli Page 10

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Macau Business Daily, July 11, 2014 by Business Daily - Issuu