MOP 6.00 Closing editor: Luis Gonçalves Publisher: Paulo A. Azevedo Number 637 Wednesday October 1, 2014
Retail fears for Golden Week M
Year III
acau retailers should be happy. But this Golden Week is different. Against the background of political discontent in HK another spectre has arisen. The slowing Chinese economy is affecting the spending patterns of the average visitor. Meanwhile, the cash-rich are being diverted to Singapore and Thailand, academics tell Business Daily. Away from the glare of the anti-corruption / lavish spending crackdown. Some retailers say that mainland tourists have discovered window shopping PAGE
www.macaubusinessdaily.com
Package tours take off Casinos had a great year in 2013. So did Macau travel agencies, with more locals travelling abroad. Last year, travel agencies here raked up MOP6.3 billion in revenues. Some 6 percent more than in 2012. Thanks to the growing demand for package tours and ticket reservations. Online business revenues skyrocketed 35 percent in 2013, official data reveals
2
HSI - Movers September 30
Name
%Day
Belle International
1.16
Sino Land Co Ltd
0.67
Bank of East Asia Lt
0.16
AIA Group Ltd
0.00
BOC Hong Kong Holdi
0.00
China Resources Lan
-2.56
Galaxy Entertainmen
-2.70
China Unicom Hong K
-2.85
China Mobile Ltd
-3.03
China Resources Pow
-4.34
Source: Bloomberg
I SSN 2226-8294
PAGE 3
Tam: Casino revenues to drop 13 pct in September PAGE 2
Mainland roaming 10 percent cheaper PAGE 6
Ferry tickets increase 6 percent on October 8 PAGE 6
Open sesame Alibaba has arrived in the markets. Fuelling the renewal of global investor interest in Chinese companies. Equity capital market deals clocked up US$678.1 billion in the first nine months of the year.
Page 11
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In Hong Kong it is known as the Umbrella Revolution. Tonight, some 1,000 Macau residents will express solidarity with the pro-democracy protesters. By assembling on the open ground in front of the Legislative Assembly building. New Macau Association president Sulu Sou Ka Hou says HK protests are affecting global markets
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