MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 626 Tuesday September 16, 2014 Year III
4G services next year F
our 4G service licences are up for grabs. Telecommunication companies can start providing services by next year. CTM is sure to submit a bid but China Telecom will conduct a financial review before making a decision. SmarTone is an unknown and Hutchison will only decide when bidding details are revealed. Which the government is set to announce today PAGE
3
HK to lift residents’ yuan conversion limits www.macaubusinessdaily.com
Page 3
Pataca posts 9-month record increase in August Page 4
Gov’t adds MOP7.5 million to CCAC budget Page 7
HSI - Movers September 15
Name
Safe haven
Economic sanctions against the Kremlin are biting. Russian investors are thus moving their money beyond the reach of the West. Russians consider Macau an option. Beyond the reach of US and EU tentacles Page 7
Ace in the hole needed The year started off choppy. Then turned rocky. The gaming industry is down MOP4 billion patacas in revenues in the last three months alone. June to August gaming revenues dropped to MOP84.5 billion from MOP88.5 billion in the same period a year earlier. September is expected to follow suit, with all hopes pinned on October
%Day
Cathay Pacific Airwa
0.83
Tencent Holdings Ltd
0.41
China Resources Lan
0.11
Swire Pacific Ltd
0.00
Henderson Land Dev
0.00
Lenovo Group Ltd
-2.45
CITIC Ltd
-2.68
China Resources Pow
-2.89
Galaxy Entertainmen
-3.33
China Petroleum & Ch
-8.11
Source: Bloomberg
I SSN 2226-8294
Page 5
More yuan for HK Hong Kong will undertake a 10 billion yuan intra-day repurchase. In preparation for its access to the Shanghai stock market. The link will enable 13 billion yuan to flow north into mainland equities each day and 10.5 billion yuan to head south page 10
iCraze
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No date’s been set yet for the release of the new iPhone 6 here. That’s only encouraged the speculators. The device is being offered for at least double the original price tag. Smartphones, smart people? Page 2
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