Macau Business Daily, July 25, 2014

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MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 590 Friday July 25, 2014

M

New routes to Mainland and Taiwan

Year III

acau International Airport (CAM) is eyeing new routes. Specifically, to Xian and Shijiazhuang in the coming months. There’s also talk of more budget airlines flying to the mainland and Taiwan in the second half. Construction is well along for the new private jet hangar, slated for completion by year-end. And airport expansion is in the air PAGE

Hengqin on a plate

www.macaubusinessdaily.com

Shopping addicts UnionPay is on a roll. Overseas consumption by Hong Kong and Macau card-holders increased by 49 percent Y-o-Y in Q1. The number of cards issued in the two SARs has doubled in one year, says the company

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Atlantic ‘Junk’ City: Moody’s downgrades US gaming centre

Future Bright has been given the thumbs up. It will invest HK$1 billion in a large-scale international food plaza in Hengqin. Fifty restaurants and food souvenir shops, exhibition hall and car parks are on the drawing board. Patrons are expected to come from all over the region PAGE 2

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Francis Tam says Sands will not act “tricky” PAGE 3

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Macau boosts Vitasoy The Vitasoy tea and soy milk operation is doing well. It’s reported gross profits of HK$2.1 billion for the year ended March 31. An increase of 13 percent. Macau and Hong Kong jointly racked up 42 percent of group sales PAGE 4

Bank battle Oversea-Chinese Banking Corp has moved closer to a full takeover of Wing Hang Bank. It raised its stake in the Hong Kong lender by 11 percentage points in five days. Wing Hang gives OCBC a network of about 70 branches, taking in Greater China and the hinterland

Brought to you by

HSI - Movers July 24

Name

%Day

Ping An Insurance Gr

3.72

China Resources Lan

2.73

Florida Dreamin’

Lenovo Group Ltd

2.66

China Life Insurance

2.56

Wharf Holdings Ltd

2.09

Tingyi Cayman Islan

-0.23

HKunlun Energy Co Ltd

-0.31

Florida International University may send students to Macau. Academic and professional programmes could start next year. City University of Macau and FIU believe graduates can be part of the solution for the shortage of qualified workers in the territory

AIA Group Ltd

-0.48

Hong Kong & China Ga

-0.59

China Resources Powe

-1.55

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Source: Bloomberg

I SSN 2226-8294

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Easy does it

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HSBC’s PMI index shows Chinese measures to reactivate the economy are working. The results point to the stabilization the authorities planned Page 10

2014-7-25

27˚ 32˚

2014-7-26

26˚ 31˚

2014-7-27

27˚ 32˚


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