Macau Business Daily, July 29, 2014

Page 1

MOP 6.00 Closing editor: Sara Farr

Sovereign wealth fund an option T

Publisher: Paulo A. Azevedo

he International Monetary Fund thinks it’s a good idea that Macau establish a sovereign wealth fund. Anselmo Teng Lin Seng of the Monetary Authority here is well aware of the option. The reserves are continuing to grow; and there are other options. Prudent investment remains the mantra

Year III

Number 592 Thursday July 29, 2014

Page 3

www.macaubusinessdaily.com

Percolating nicely

Journey of a thousand miles Another milestone in China. The arrival of new private banks. The Chinese Government is determined to push through reforms as part of its massive restructuring campaign. Both social and financial

Cafés are mushrooming around the city. But are they a fad like the Taiwanese teas? Not if your heart’s in it, say the experts. Business Daily spoke to owners and managers who think the business is fuelled by young people. They would rather splurge on themselves, they say, than pursue the impossible dream of owning property Pages

4&5

Page

Not quite so important

New horizons Macau’s unemployment rate remains stable. It was 1.7 percent in the 2Q. But workers are baling out of the gaming industry. Hotels and construction are mopping them up Page

MIM launches bank and finance management major

Auto Italia issuing 1.7 bln offer shares Page 2

Page 2

3

HSI - Movers July 28

Name

The VIP gaming segment is shrinking. Accounting for just 60 percent of Macau’s gross gaming revenue in the 2Q. The lowest proportion since the 4Q in 2005. Cyclical or structural change? The smart money is on structural Page

7

Chinese investment in Australian tourism set to surge

Perfect storm brewing for MGM Resorts Page 6

8

Page 6

%Day

Bank of Communica

6.22

Hong Kong Exchang

3.43

Tencent Holdings Lt

3.20

Galaxy Entertainme

2.51

China Unicom Hong

2.31

China Merchants Ho

-0.77

MTR Corp Ltd

-0.83

Hang Lung Propertie

-1.06

China Petroleum & C

-1.18

China Mengniu Dair

-1.46

Source: Bloomberg

I SSN 2226-8294

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