MOP 6.00 Closing editor: Sara Farr Number 619 Thursday September 4, 2014
Publisher: Paulo A. Azevedo
Back to the drawing board
I
Year III
t’s been a hot potato. Urban Planning Committee members are finally discussing it. Even though the proposed amendment to the 1995 Taipa North development plan was first put on the table last year. The plan may not be perfect, they say. But it’s a start. Compulsory compensation of landowners would be a last resort, it’s claimed PAGE
3
www.macaubusinessdaily.com
Case in limbo The conflict is deepening. Ng Man Sun, the man behind gaming investor Amax International Holdings Ltd, has warned his former partner and girlfriend against selling Imperial Palace Hotel in Taipa. A local Chinese newspaper says he claims it would violate an injunction issued by the East Caribbean Supreme Court
Macau’s AXA gross premium MOP474.9mln in 2013 Page 2
Page 5
Jangho wins Parisian VIP rooms bid
Operational loss Flight reduction SmarTone Mobile Communications has posted a HK$17 million operational loss. This is for the 12 months ended June 30. Roaming business has plummeted. But its Macau operations returned revenues of HK$753.6 million. Up 2.5 percent over that of the previous year Page 3
Casting the runes The gaming market is under fire again. Analysts say it could shrink a further 5 percent after 2015. The VIP segment is particularly vulnerable. The seers say Macau faces tougher regional competition from a number of jurisdictions. The Philippines has been singled out for its quality product
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AirAsia Zest has reduced the number of flights between here and Manila. The budget airline’s ‘network adjustment’ will see it revert to three flights a week. CEO Joy Cañeba tells Business Daily that China is critical for the airline’s expansion. Overall passenger throughput between Macau and the Philippines has dropped in the past two years according to the Civil Aviation Authority of Macau
HSI - Movers September 3
Name
Page
4
%Day
Henderson Land Dev
6.18
Industrial & Comme
4.55
China Resources Lan
4.19
China Petroleum & Ch
4.09
China Construction B
4.05
Cathay Pacific Airwa
-0.14
China Resources Ent
-0.47
Belle International
-0.58
Sands China Ltd
-0.72
China Unicom HK
-2.55
Source: Bloomberg
I SSN 2226-8294
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