Macau Business Daily, Aug 13, 2014

Page 1

MOP 6.00

In for a penny . . .

Number 603 Wednesday August 13, 2014

Publisher: Paulo A. Azevedo

Closing editor: Sara Farr

USJ touts Harry Potter wizardry to win Japan casino partners | Page 6

M

Year III

acau’s Monetary Authority is doing its sums. And not ruling out diversifying its investments. Singapore and Norway are reference points: but both have experienced wild stock fluctuations. AMCM will seek public consensus that returns are directly proportional to investment risk. The yuan has been added to its portfolio and AMCM has engaged fund managers to steer investment Page

2

HSI - Movers August 12

www.macaubusinessdaily.com

Name

Back to basics

%Day

Lenovo Group Ltd

3.97

China Merchants Ho

1.94

COSCO Pacific Ltd

1.56

CITIC Pacific Ltd

1.33

PetroChina Co Ltd

1.14

HSBC Holdings PLC

-0.79

China Life Insurance

-0.87

Ping An Insurance G

-0.99

Li & Fung Ltd

-1.15

China Resources Po

-2.19

Source: Bloomberg

The Chief Executive election is upon us. The Electoral Affairs Commission has announced some guidelines. Votes will be counted by hand. Survey results related to the election may not be publicly disseminated from August 16 to September 1. And there are no plans for a live broadcast of the Q&A. Unless the media request it

I SSN 2226-8294

Page 3

Brought to you by

CTM monopoly to end soon Palatial

properties A quarter of the Wynn Palace has already been paid for. Steve Wynn said his company has spent US$1.1 billion on the new Cotai project. Everything’s on schedule. For the Peninsula property and Taipa Page

5

IPOs safe bet CTM serves some 150,000 subscribers. Of these, 22,000 are using fibre optic technology. The company hopes for 100 percent coverage by the end of next year. Meanwhile, MTEL will enter the telco market in November. CTM’s fixed-line monopoly will face a severe challenge Page

3

Official curbing measures are in place. But companies going public this year have attracted massive speculation. Every company listed since June has hit its maximum 10 percent daily limit Page

10

2014-8-13

2014-8-14

2014-8-15

25˚ 29˚

25˚ 31˚

26˚ 31˚


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.