MOP 6.00 Closing editor: Luís Gonçalves Year III
Number 610 Friday August 22, 2014
Publisher: Paulo A. Azevedo
Milan Station doubles presence in Macau
I
t posted a record 60 percent jump in sales for the first half. But a hefty rent hike is forcing handbag retailer Milan Station to move on. While its flagship store relocates round the corner to Rua da Palha, sales points in ‘exclusive clubhouses’ will almost double from six to ten. Jones Lang LaSalle Macau says shop space in neighbouring Rua de S. Domingos is fetching monthly rentals PAGE 4 of HK$600,000 to HK$1.1 million
www.macaubusinessdaily.com
Aquis digs in
Wynn Macau profits down 1.2 percent PAGE 6
Macau Legend revamp delayed
Before jumping in, register the brand. Aquis is investing MOP63 billion in a mega casino resort in Australia. But it’s also studying the possibility of entering the Macau market, the company tells Business Daily. Billionaire Hong Kong property developer Tony Fung’s company has already registered its trademarks here. For shoes and clothing, casino management, retail, hotel and resorts, and real estate.
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China to build biggest casino in Caribbean PAGE 7
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HSI - Movers August 21
Licence look-out The Transport Bureau is adamant. It confirmed yesterday that it will reinforce supervision of special crossborder driving licences. This follows complaints that some mainlanders are allegedly illegally taking up other driving jobs in Macau. Different driving cultures pose problems, it’s claimed
CE concedes capacity crisis
%Day
China Resources Pow
2.81
Lenovo Group Ltd
1.37
Belle International
1.02
Li & Fung Ltd
0.96
China Unicom HK
0.76
CITIC Pacific Ltd
-1.71
AIA Group Ltd
-1.71
Bank of Communic
-1.73
Want Want China H
-2.71
China Resources Ent
-2.92
Source: Bloomberg
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Only a few days to re-election. But Fernando Chui Sai On agrees that Macau is suffering a capacity problem. The booming economy and tourist influx have come at a cost. Transportation, quality of life and human resources are all under stress. The CE candidate claims the government is listening. And will pay close attention to resolving associated issues. In addition, he plans to restructure his administration PAGE
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Wait and see It was an inspiring July. But August’s Manufacturing Purchasing Managers’ Index in China has returned to levels seen 3 months ago. The resurgence of the Chinese economy remains in doubt. Despite being above the growth borderline Page 10
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