MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 642 Friday October 10, 2014 Year III
Bearer shares under seige
B
earer shares are under fire. Because they present money laundering opportunities. The Law Reform and International Law Bureau wants to eliminate them. For this, Macau’s commercial code will have to be amended. But not before public and commercial consultation, concluding November 8. At stake is Macau’s perceived financial transparency and international standing, says the Financial Services Bureau PAGE
Not lovin’ it
Golden Week jewellery sales sparkle in Macau Page 4
There’s been a lot of fallout from the tainted meat scandal. A heavyweight report discovers that McDonald’s has taken the brunt of consumer ire. Profits in mainland China have dropped 38 percent, while other fast food chains have escaped relatively unscathed. Now the company is being forced to revise down its 2014 outlook. Major fast food chains in Macau, Hong Kong and the mainland were affected
Sa Sa’s sales lose shine during National Holiday Page 4
Pachinko operator Niraku said to plan US$100mln in HK IPO Page 7
Page 5
Borrowing bedlam The Basel III-compliant Reg S securities sale by the Bank of China could destabilise borrowing costs in Asia. Because investors are trying to broaden their capacity in order to join the offer
Page 10
www.macaubusinessdaily.com
3
Plaza Premium taking off There’s more to flying than flying. Macau International Airport agrees. And sanctioned the installation of Hong Kong-based Plaza Premium Lounge in August. The service is all about relaxation, convenience and conviviality. The group’s product manager speaks to Business Daily about the concept, services, target group and rationale for Macau
Page 6
Brought to you by
MOP300 million in illegal transactions
HSI - Movers October 9
Name
MOP300 million patacas. That’s how much authorities estimate have been illegally transacted using UnionPay mobile card swipe devices. A police investigation has resulted in 51 arrests, with 12 suspects from Macau
Page 2
%Day
Belle International
4.33
Hong Kong & China Ga
3.42
China Mobile Ltd
3.26
China Resources Land
3.06
AIA Group Ltd
2.92
MTR Corp Ltd
-0.32
Lenovo Group Ltd
-0.34
Tencent Holdings Ltd
-0.51
Kunlun Energy Co Ltd
-0.54
Tingyi Cayman Island
-0.72
Source: Bloomberg
I SSN 2226-8294
Brought to you by
2014-10-10
2014-10-11
2014-10-12
24˚ 30˚
25˚ 30˚
25˚ 30˚