Macau Business Daily, Sept 23, 2014

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MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 631 Tuesday September 23, 2014 Year III

Inflation above 6 percent

R

ents are driving up Macau’s inflation rate. Increasing 14 percent in August. Of the 11 major consumption categories, housing and fuel costs rose higher than general inflation. Only communications costs are dropping. Housing and fuel accounted for 23 percent of all goods and services purchased. Food and non-alcoholic beverages accounted for 33 percent of household expenditure last month

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Golden Week, ‘White Terror’

Border building consortium appointed

Casino union leaders have been questioned by police. The protesters face prosecution for ‘aggravated disobedience’ at an August 25 rally. Allegations they fervently deny. The union claims it was a peaceful assembly. Police say otherwise. Forefront of Macau Gaming accuse authorities of a ‘white terror’ threat ahead of further protests

The Official Gazette has announced further progress on The Bridge. The Macau Government will spend 71 million patacas on the border services building. A consortium has been awarded the contract. The 29.6 kilometre-long Hong Kong-Zhuhai-Macau Bridge will connect the PRD via tunnels and bridges. Completion is slated for March 2016

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Mass market growth to flatten in October

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Fifth of Hong Kong citizens considering emigration Page 6

HSI - Movers

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September 22

Largest climate march in history

Name

Something’s in the air. The Kyoto Protocol may have expired in 2012 but people want to keep the momentum going. The People’s Climate March involved 2,808 solidarity events in as many as 166 countries on Sunday. Hong Kong assembled in solidarity. Today, a U.N. Climate Summit kicks off in New York City. UN SecretaryGeneral Ban Ki-Moon has asked nations to come up with “bold ideas”

%Day

Want Want China Ho

1.47

Tingyi Cayman Island

0.51

COSCO Pacific Ltd

0.19

Swire Pacific Ltd

0.10

CNOOC Ltd

0.00

AIA Group Ltd

-2.69

China Unicom Hong K

-3.01

China Resources Lan

-3.12

Tencent Holdings Ltd

-3.27

Sino Land Co Ltd

-4.01

Source: Bloomberg

I SSN 2226-8294

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Anonymously short A series of anonymous reports. And consequences. Short selling of Chinese companies has ignited government outrage

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Stormy weather

Brought to you by

Now it’s Kalmaegi’s fault. Last week’s typhoon is the latest fall guy for dismal gaming revenue figures. September figures are running 14 percent below the August average. More than double what pundits were predicting two weeks ago. Gaming stocks have underperformed the market by 21 percent since January

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2014-9-23

2014-9-24

2014-9-25

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Macau Business Daily, Sept 23, 2014 by Business Daily - Issuu