Macau Business Daily, Aug 12, 2014

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MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 602 Tuesday August 12, 2014 Year III

Spending on spending

M

ore visitors mean more spending. Not just by tourists. The government is allocating 57 million patacas to research what visitors are splashing out on. And what they think about local hospitality services. A private research company has won a public tender for the third time. The four-year service contract involves publishing findings on the Statistics and Census Service website on a quarterly basis. Page

House to house search

MGM Resorts staking out Japan

Many questions but few answers. Legislators are demanding transparency on the government’s housing policy. The administration says everything’s under control. Measures are in place. But what measures?

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Mass revenue growth reaches four-year low in July Page 5

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HSI - Movers August 11

Name

In the net Portuguese soccer star Cristiano Ronaldo scores again. Famous fashion brand CR7 will soon hit shops in Macau. The underwear sales company tells Business Daily that it is trademarking the product now. No retailer has yet been appointed but the product will hit the shelves next year Page

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%Day

China Resources Lan

5.70

Henderson Land Dev

4.75

PetroChina Co Ltd

3.13

China Overseas Lan

3.11

AIA Group Ltd

2.90

Li & Fung Ltd

0.00

Want Want China H

0.00

China Mengniu Dair

-0.40

Tingyi Cayman Islan

-0.45

Galaxy Entertainme

-1.01

Source: Bloomberg

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2 I SSN 2226-8294

I ❤ Macau

Pandora’s property box

Hongkongers are smitten. Macau is attracting people from the Fragrant Harbour at three times the pace of other non-resident workers. From April to July, Macau welcomed 1,500 workers from the neighbouring SAR

Is policy intervention the answer? Property price rises continue unabated. Locals priced out think something needs to be done. China is currently mulling all aspects of the property chain. Legislation is slated for the end of 2016

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