MOP 6.00 Closing editor: Luis Gonçalves Number 598 Wednesday August 6, 2014
Publisher: Paulo A. Azevedo
Killing the golden goose
S
Year III
ome 2,000 protested against Sands last month. Yesterday, another 1,000 casino workers targeted Galaxy. Unions are now in their stride. Predicting new marches, protests and assemblies by gaming staff in the coming months. Despite increased salaries, stock and bonuses, they say the overall system is unfair, and they want all of their demands met Page
www.macaubusinessdaily.com
Major Plataforma shareholder quits António José de Freitas has sold his 51 percent stake in Plataforma newspaper. Paulo Rego is now sole shareholder. The bilingual newspaper was launched just three months ago. Mr. Rego told Business Daily that the market would decide if the project had a viable future
3
HSI - Movers August 5
Name
%Day
Tencent Holdings Lt
3.33
CITIC Pacific Ltd
1.91
HSBC Holdings PLC
1.83
China Resources Ent
1.71
Kunlun Energy Co Ltd
1.38
China Petroleum & Ch
-1.59
Belle International
-1.72
China Overseas Lan
-2.35
Wharf Holdings LtD
-2.36
China Resources Land
-3.02
Source: Bloomberg
I SSN 2226-8294
PAGE 2
MGM China profits up 23 pct
Hunger for credit
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Loans to companies in Macau jumped almost 40 percent in June from a year ago. Exhibitions, conferences and manufacturing industries were the major beneficiaries.
MGM China reported a HK$3.035 billion net profit in the first half. Revenues climbed 12 percent, with mass market the driving force. Increased dividends are on the way PAGE 5
Stealth easing The People’s Bank of China is undertaking a new monetary easing policy. The Chinese Government is using loans to lower borrowing costs. A key tactic in achieving the yearly growth target PAGE 8
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