MOP 6.00
Border Crossing preparations underway
Number 645 Wednesday October 15, 2014
Publisher: Paulo A. Azevedo
Closing editor: Luis Gonçalves
Macau Esprit turnover up 5pct | Foreign reserves drop in September > PAGE 5
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Year III
4-hour border crossing is nearing reality. Zhuhai is expanding passport control channels on the mainland side of the Cross Border Industrial Zone. Works preparing for the 24-hour crossing are scheduled to finish mid-December. Zhuhai authorities concede that midnight to early morning crossings may be available to mainland tourists as well PAGE
Juicy Apples The waiting is over. Well, almost. Apple announced yesterday the much-anticipated iPhone 6 and iPhone 6 Plus will go on sale in Macau on October 31. CTM confirmed the smartphones will be available that day and online reservations start today. In two days, Hutchinson (3 Macau) will also reveal sale details of the iPhone 6 here
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Doomsayers predict meltdown
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The line is drawn in the sand. If you believe everything you read. If gaming revenues drop below MOP22 billion per month, a wave of dismissals will follow, says the Chinese media. Academics dismiss the unsupported proposition as scaremongering. Experts tell Business Daily that the scenario is unlikely. Right now, we’re down to our last MOP25 billion/month
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HSI - Movers October 14
Name
%Day
China Resources Powe
3.23
China Resources Land
2.41
HSBC Holdings PLC
0.51
China Mengniu Dairy
0.30
China Overseas Land
0.24
AIA Group Ltd
-1.31
Galaxy Entertainment
-1.93
Cathay Pacific Airwa
-1.97
CNOOC Ltd
-3.10
Tingyi Cayman Island
-4.72
Source: Bloomberg
I SSN 2226-8294
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PAGE 6
Escape velocity
www.macaubusinessdaily.com
Thailand to attract Macau visitors The Tourism Authority of Thailand (TAT) is embarking on a raft of marketing strategies. The Land of Smiles is linking up with local tour operators to arrange special packages. Social media activities and a new app are just some of the tools, TAT told Business Daily. Young tourists - and weddings - are a starting point despite post-coup concerns
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A series of infrastructure projects are in the works. And may provide the Chinese economy with the required momentum to reach the annual target. Refurbishing shanty towns, building rail networks and water facilities should boost the economy by 7.5 percent
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HK, Macau firms in Guangdong with a maximum stake of 55 pct PAGE
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