Macau Business Daily, Sept 17, 2014

Page 1

MOP 6.00 Closing editor: Sara Farr

Vanishing dreams

A

roof over your head here is getting harder to buy. A growing number of Macau residents are giving up on the idea. Property prices increased 25 percent in the 2Q to MOP111,000-plus per square metre. Banks are also sharing the pain. New mortgage approvals declined 40 percent in July alone, the Monetary Authority revealed PAGE

3

www.macaubusinessdaily.com

Year III

Number 627 Wednesday September 17, 2014

Publisher: Paulo A. Azevedo

Weng Hang’s profits down 4.2 pct PAGE 3 | VIP business boosts NagaCorp in 1H PAGE 5

HSI - Movers

Macao Ideas move to ZAPE to damage promotion

September 16

Name

The ‘Made in Macao’ product display centre is moving. Next month, Macao Ideas shifts from the tourist hub of Golden Lotus Square to a more discrete office in ZAPE. This will mean less visibility, companies told Business Daily. SME entrepreneurs say advertising impact will plummet. The centre currently showcases garments, food, wine, furniture, and arts and crafts souvenirs

%Day

MTR Corp Ltd

1.78

Cathay Pacific Airwa

1.52

Hengan Internationa

1.24

COSCO Pacific Ltd

1.13

BOC Hong Kong Holdi

0.78

Lenovo Group Ltd

-2.85

Galaxy Entertainmen

-3.25

China Mobile Ltd

-3.80

Sands China Ltd

-3.91

China Unicom Hong K

-4.53

Source: Bloomberg

I SSN 2226-8294

PAGE 2

Brought to you by

4G race until November Interested parties may now bid for a 4G licence. Submissions can be made up to November 18. Four licences are up for grabs. Future 4G services will operate in tandem with the current 3G and 2G services. The government says the industry still needs to cater to the needs of tourists PAGE 2

Diving deeper

Investment on the run

Morgan Stanley is pessimistic about immediate prospects. It says the gaming industry faces a new round of downward revisions. Revenues are predicted to drop 15 percent in the next two quarters. The market may recover in April. Meanwhile, staff costs and labour shortages are a ‘serious issue’ PAGE

6

Foreign direct investment has fallen to a two and a half year low. This highlights a downward trend in August. And a confusingly moody batch of results for the first eight months of the year Page 8

2014-9-17

2014-9-18

2014-9-19

24˚ 29˚

24˚ 31˚

26˚ 32˚


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.