MOP 6.00 Closing editor: Luis Gonçalves Publisher: Paulo A. Azevedo Number 638 Monday October 6, 2014 Year III
Zhuhai property attracts Macau buyers Z
huhai eased property purchase restrictions last week. And Macau residents were not slow to respond. Macau University Golden Week became a golden opportunity for Zhuhai real estate agents. There was a fourfold increase enters world’s TOP300 PAGE 5 in interest by Macau buyers. Bigger, better equipped, and cheaper was the clarion call. Less restrictions and anticipated 24-hour border crossing is the icing on the cake. But don’t count on a corresponding drop in Macau prices, local realtors say
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Staff play sick card
Gaming analysts not ready to be bullish
Almost 1,000 gaming workers called in sick. SJM, MGM and Galaxy staff took collective leave during Golden Week. They are dissatisfied with their remuneration and working conditions. This afternoon, SJM employees are slated to return to the streets
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OCBC Wing Hang opens in Macau PAGE 8
VIP recovery in December, says Adelson PAGE 8
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Running out of steam China’s services sector has reduced growth speed. This according to the official Purchasing Managers’ Index (PMI). Recent surveys have warned of slowing momentum. Now official results confirm it
HSI - Movers October 3
Hong Kong protests tarnish Golden Week
Name
Macau welcomed more visitors in Golden Week. Some 14 percent more than a year ago, official data reveals. But a local tourism trade chamber predicts a likely drop in Mainland visitors. Hong Kong’s ‘Occupy Central’ movement is the likely culprit. More than 620,000 people visited Macau during the 4-day holiday
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%Day
China Overseas Land
6.11
China Resources Lan
5.00
China Mobile Ltd
3.45
AIA Group Ltd
2.62
MTR Corp Ltd
2.30
HSBC Holdings PLC
-1.13
China Merchants Hol
-1.25
Sun Hung Kai Propert
-1.27
CNOOC Ltd
-1.35
China Petroleum & Ch
-1.62
Source: Bloomberg
Interview
I SSN 2226-8294
Government support draining Macau’s art scene competitiveness
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Sérgio Almeida is co-founder and business director of Red Studio. He and his partner have tested the waters. And they think there’s an artistic pulse here. In an interview with Business Daily, he suggests the casino industry give local artists a chance. Red Studio sees a gap in the cultural landscape, he says, as Macau lacks an art institute. It just needs to unlock the potential
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