Macau Business Daily, July 30, 2014

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MOP 6.00

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Year III

Number 593 Wednesday July 30, 2014

Publisher: Paulo A. Azevedo

Closing editor: Sara Farr

Wynn reports quarterly growth | International Housewares revenues increase 17pct

I

t’s a hot topic. Property prices. Local families spend more years paying off their mortgages than the likes of Singapore, Shanghai, Japan, the UK or the US. The gap between home prices and income growth is widening at a rapid pace. As much as 25 percent of income is used to pay off the mortgage in modern Macau Page 2

HSI - Movers July 28

www.macaubusinessdaily.com

Name

Chinese medicine brands eye Hengqin Pharmaceutical companies from Macau, Taiwan and the US have set up a JV. They will invest up to HK$2 million to create a ‘Made in Macau’ brand of Chinese medicine. The traditional Chinese medicine park in Hengqin Island ticks all the boxes as a base

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5

Pay dirt Investment grew nearly 31 percent in 1Q Y-o-Y. Figures from the Monetary Authority show that investment in the construction area increased 33.6 percent in real terms Page 3

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Hong Kong Exchang

3.49

CITIC Pacific Ltd

3.35

China Life Insurance

3.15

Cheung Kong Holdin

2.87

China Merchants Ho

-0.58

China Resources Po

-1.12

CNOOC Ltd

-1.14

Power Assets Holdi

-1.30

PetroChina Co Ltd

-2.25

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The former president of the Civic and Municipal Affairs Bureau has been acquitted. As have three co-defendants in the notorious cemetery plot case. The presiding judge found that there was no case to answer. Although the plaintiff begs to differ

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4.37

I SSN 2226-8294

Former IACM president exonerated

Gross gaming revenues could decrease for a second month in a row. Analysts are revising their maths in the wake of the World Cup. While investors weigh the odds

Sun Hung Kai Proper

Source: Bloomberg

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Prolonged hangover

%Day

Computer bug Deja vous. The Chinese State Administration for Industry & Commerce is probing Microsoft. The software giant is being investigated for monopolistic activities Page 10

2014-7-30

2014-7-31

2014-8-1

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