Macau Business Daily, July 23, 2014

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MOP 6.00 Closing editor: Luís Gonçalves Number 588 Wednesday July 23, 2014

Publisher: Paulo A. Azevedo

Lights, camera, Hengqin!

I

Year III

t could become the cultural and creative epicentre of Asia. More firms from Macau, Hong Kong and mainland China are queuing to invest in Hengqin Island. Lai Sun Group led the way with its 18 billion yuan Creative Culture City. Now, NPC delegate Lao Ngai Leong is to invest 2.5 billion yuan. A multimedia production centre is in the frame. As is education training base ‘i CITY Hong Kong-Macao’, Business Daily has learned. A dozen more industries from advertising to cinema to design to gaming and music will follow PAGE

www.macaubusinessdaily.com

August invasion World Tourism Barometer says expect more tourists. Some five percent more are travelling the world year-onyear. August figures for Macau may register the largest number of visitor arrivals ever

Return of the whales

HSI - Movers July 22

It’s been a tough slog. But the pundits say the Macau VIP market will rebound in the second half. A more positive outlook on China, the end of the World Cup and growing junket liquidity is fuelling optimism. Morgan Stanley expects Galaxy and Wynn to be the main beneficiaries

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Money laundering memorandum

Name China Overseas Land

4.38

China Petroleum & Ch

3.60

AIA Group Ltd

3.27

China Resources Lan

3.16

PetroChina Co Ltd

3.15

China Merchants Hol

0.16

Cathay Pacific Airwa

0.00

Galaxy Entertainmen

0.00

Hutchison Whampoa Lt

-0.48

Lenovo Group Ltd

-1.47

I SSN 2226-8294

Brought to you by

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Philanthropic Packer

2014-7-23

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Ageing population pressure

The scandal is spreading throughout China and beyond. McDonalds, KFC, Starbucks, Burger King and other fast food brands sourced meat from Husi. But it had expired. The food chains have all apologized to the public. What price credibility now?

Social welfare cost the government around 2.2 billion patacas in 2013. That’s 70 percent more than the previous year. The reason is the ageing population and greater demand for better social benefits. Old age pensioners picked up 780 million patacas

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Leaving a bad taste

%Day

Source: Bloomberg

Macau and Mainland China have reached a consensus. They will sign a Memorandum of Cooperation on anti-money laundering. The deputy governor of The People’s Bank of China and the chairman of the Monetary Authority of Macau sketched out details. At the 17th Annual Meeting of the Asia Pacific Group in Macau

Australian billionaire James Packer is a major investor in Macau casino developer Melco Crown Entertainment Ltd. He is also one of the richest individuals in Australia. He has just announced the setting up of a philanthropic foundation to disperse 1.5 billion patacas

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2014-7-24

28˚ 33˚

2014-7-25

28˚ 33˚


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