MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 620 Friday September 5, 2014
Levelling the playing field S
Year III
MEs have felt left out in the cold for quite some time. The government has now announced a practical leg-up in the marketplace. Small and medium-sized enterprises can apply for website creation, maintenance and improvement subsidies. Web design companies can also benefit as suppliers. Macau Economic Service (DSE) anticipates 2,000 companies will take them up on the offer. The application period of the subsidy scheme will run from September 15 to March 16 PAGE
www.macaubusinessdaily.com
Market mix
3
HSI - Movers September 4
Name
Chinese juice-maker Huiyuan is expanding its distribution network. The company plans to start with Macau and Hong Kong this month. And will later expand to other parts of southern China and South Asia Page 2
Cancellation casting a shadow
%Day
China Life Insurance
2.82
China Mengniu Dairy
1.55
China Resources Lan
1.52
Ping An Insurance Gr
1.45
CITIC Ltd
1.20
China Overseas LanD
-0.87
China Mobile Ltd
-1.18
AIA Group Ltd
-1.25
Cheung Kong Holdin
-1.38
Hengan Internation
-1.61
Source: Bloomberg
I SSN 2226-8294
‘Setback regulations’ are causing a stir. So the government is preparing to consult the public. The issue at stake is not trivial. There’s concern that the cancellation of the regulations could blight living conditions in the territory’s buildings. The fear is that light and ventilation could be compromised. Secretary for Transport and Public Works Lau Si Io said “It’s a complex issue . . . this is a topic that should be left for further discussion.”
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Timely transition
Paradise Entertainment revenue increases 51pct
US$320mln in notes
Amendments to the budget framework are progressing on schedule. Word is they will be finalised by the end of the year. The Financial Services Bureau is still drafting specific content on related regulations Page 4
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ICBC Macau has raised US$320 million in 10-year notes. Of the investors ICBC Macau attracted, 78 percent are Asian, with the balance from Europe. Fund managers purchased 53 percent of the notes, followed by insurers at 22 percent, financial institutions at 13 percent, private banks at 10 percent and corporates at 2 percent
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3
Iao Kun generates US$1.53bln in August Page 6