MOP 6.00 Number 621 Monday September 8, 2014
Publisher: Paulo A. Azevedo
Closing editor: Alex Lee
New food scandal erupts I
Year III
t’s called ‘gutter oil’. And now it’s Macau’s problem as well as Taiwan and Hong Kong’s. At least 21 local bakeries have been ordered to stop using recycled oil produced by Taiwanese enterprise Chang Guann Co. The latest food scandal has affected hundreds of bakeries and restaurants across the region. The company is accused of using tainted oil collected from cookers, fryers and grease traps to make lard PAGE 4
www.macaubusinessdaily.com
Asia Pacific pow-wow
Saving for a rainy day?
APEC is congregating in Macau. Asia Pacific Tourism Cooperation and Future Development is holding its first Tourism Ministerial Meeting today in Macau. Hosted by China, integration and transformation are key words on the farreaching agenda
Macau banks are piling up more non-resident deposits. Much more. An increase of 45.4 percent in July Y-o-Y. Loans dropped 9 percent
Gaming workers want even more Page 8
Page 5
Casino stocks tumble? Analysts unfazed Page 9
HSI - Movers September 5
Name
Put that in the bank New global banking standards have been announced. The idea is to cushion lenders’ balance sheets. But it will take some time to reach Macau. Raising capital at cheaper rates and lending more to China is the preferred approach, says a Bloomberg report
Page
Page 2
3
%Day
China Mengniu Dairy
2.77
New World Develop
2.18
Bank of China Ltd
0.81
China Shenhua Ener
0.64
China Resources Pow
0.62
Hong Kong & China Ga
-1.32
Galaxy Entertainm
-1.39
Belle International
-1.94
CITIC Ltd
-2.11
Hang Lung Propert
-2.32
Source: Bloomberg
Interview
I SSN 2226-8294
Shaking up the status quo Macau has plenty of old buildings. Many without management. Time to change, says João Afonso. The new MD of Bela Vista Property Services Ltd tells Business Daily that there are many gaps in local property services. A situation that BVPS, under the umbrella of property investor Sniper Capital, can put right, he says. The company will focus on redeveloping existing apartments and manage both old and new buildings
Pages
6&7
Brought to you by
2014-9-8
2014-9-9
2014-9-10
27˚ 31˚
27˚ 31˚
27˚ 32˚