MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 587 Tuesday July 22, 2014
Occupy Venetian S
Year III
ands staff want quicker promotion and equal pay. Local gaming labour union Forefront of Macau Gaming is taking the lead. Tomorrow, it plans to “surround The Venetian” to protest the present arrangement. Pit managers and trainee and senior supervisors feel most hard done by. Even though Sands denies dragging its feet and points to several bonuses already awarded this year PAGE
Gov’t increases subsidy for elderly and disability living allowance
www.macaubusinessdaily.com
Drip feed Indonesia Telkom arrives in Macau Indonesian state-owned PT Telekomunikasi Indonesia (Telkom) is going to open a branch here this year. The communication provider will co-operate with CTM. It’s all part of its strategy to overtake Singapore as the largest telecommunication operator in Southeast Asia
5
Macao Water Supply Co is not optimistic about current negotiations with the government. It told Business Daily that it is awaiting approval of a requested 16 percent hike in water supply service charges. They submitted the request more than six months ago. The signs all point to a lower-than-requested payment for service
Page 2
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HSI - Movers July 21
PAGE 3 Name
%Day
Galaxy Entertainmen
3.09
Sands China Ltd
2.30
Want Want China H
0.74
MTR Corp Ltd
0.51
Classes for the complex
AIA Group Ltd
0.38
China Merchants Hol
-1.17
China Life Insurance
-1.22
China Unicom Hong K
-1.25
China Petroleum & Ch
-1.37
Educational facilities and schools are planned for Seac Pai Van housing complex. Budget control is built in, too. All in all, it will cost the government around 18.86 million patacas
Henderson Land Dev
-1.40
PAGE 4
Source: Bloomberg
I SSN 2226-8294
PAGE 4
Optimistic outlook There have been terrible omens for months. HSBC says that Chinese GDP could grow this year beyond previous forecasts. At least, the latest figures seem to suggest so Page 8
World Cup lottery beat casinos in June
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Mainlanders loved the World Cup. Lotto sales reached a record MOP46.4 billion in June. That’s 1.7 times more than casino revenues in Macau, the widest ratio since 2009 PAGE 6&7
2014-7-22
27˚ 33˚
2014-7-23
28˚ 33˚
2014-7-24
28˚ 32˚