MOP 6.00 Closing editor: Luis Gonçalves
t’s a full agenda. The Legislative Assembly resumes begins work for the 2014/2015 year today. Two main topics shout for attention. The budget law and property management. The amendment to the budget framework law seeks to list all budgeted expenditure on major infrastructure projects and investment plans. As promised by Secretary for Economy
and Finance Francis Tam Pak Yuen. Meanwhile, legislation licensing property management firms is fraught with pitfalls. Some want to give the Housing Bureau more clout, legislators told Business Daily PAGE
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Year III
Number 646 Thursday October 16, 2014
Publisher: Paulo A. Azevedo
I
Legislative Assembly gets down to business
Have a Cigar Generally it all boils down to tax. Cigarettes were the most apprehended goods seized by Macau Customs in 2013. Last year, 3.8 million sticks were seized, many destined to make a quick buck on tax differences. Pork was the second product most seized, while plants ranked third. Drugs came in at seventh place
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No. 1A Rua da Barca Heritage List Candidate PAGE 2
Dining out 8 pct more costlier in 3Q PAGE 4
Bank of America downgrades Wynn and LVS shares PAGE 6
HSI - Movers October 15
Name
Yummi to fight TripAdvisor in Macau
Not such a drag
www.macaubusinessdaily.com
Yummi Macau is up and running. And has launched its app to advise foodies on the best restaurants in Macau. With TripAdivsor and Open Rice squarely in its sights. Better personalisation and selection of eateries, it claims, will bring users in. So far, more than 2,000 people have downloaded the app
Casino operators are about to announce 3Q results. Telsey Advisory Group analysts are playing down the impact of the full smoking ban. The October 6 cut-off for a puff on mass gaming floors does not appear to have dented revenues
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Inflation slowing
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%Day
Lenovo Group Ltd
3.16
New World Developme
2.92
Galaxy Entertainment
2.62
Sands China Ltd
2.18
Hang Lung Properties
1.97
Kunlun Energy Co Ltd
-1.54
China Shenhua Energy
-1.87
PetroChina Co Ltd
-1.89
CNOOC Ltd
-2.08
Tingyi Cayman Island
-2.85
Source: Bloomberg
I SSN 2226-8294
The index has reached a near five-year low. While the index (CPI) rose 1.6 percent in September from a year earlier, it just rose 0.5 percent from the previous month. The 3.5 target is far away from being reached
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