MOP 6.00 Number 647 Friday October 17, 2014
Publisher: Paulo A. Azevedo
Closing editor: Luis Gonçalves
Air Macau’s Thai dream
T
he Land of Smiles beckons. Air Macau has identified Thailand as a major source of expansion in 2015. The local airline is increasing its routes to get more foreign passengers using Macau as a hub for travel in Mainland China. Three daily flights to Bangkok, a new route to Koh Samui and an agreement with Thai Smile Airways drive the new strategy. Air Macau’s 15 Mainland destinations attracts foreign visitors; while famous Thai destinations could bolster sales to Macau residents PAGE
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Year III
Toyota recalls 6,800 cars in Macau and HK PAGE 5
New team, new bills? A cabinet reshuffle is imminent. Legislative Assembly president Ho Iat Seng hopes that new Secretaries don’t impede the passage of bills, but admits changes in some of them. Legislators have seven bills on hand, with six pending a second reading. The bills affect diverse areas of commercial, professional and political life plus medical responsibility
Elderly and disabled to receive MOP500 million
Agile seeks to raise HK$1.6 billion Tencent enters China LotSynergy capital
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HSI - Movers October 16
Name
PAGE
%Day
Tingyi Cayman Island
1.95
Sands China Ltd
0.71
Galaxy Entertainment
0.70
Luxury crisis
CLP Holdings Ltd
0.08
Hong Kong Exchanges
-0.17
New World Developm
-2.20
Want Want China Hol
-2.26
The luxury market is stalling. Luk Fook posted a 20 percent drop in sales in Macau and Hong Kong. From July to September versus a year ago. Gold jewellery revenues declined almost 30 percent. Golden Week sales increased just 3 percent
Lenovo Group Ltd
-2.34
Hang Lung Properties
-2.57
China Mengniu Dairy
-2.68
Page www.macaubusinessdaily.com
2
3
Source: Bloomberg
3
I SSN 2226-8294
Sands China profits up 3 pct Mixed signals There’s increasing competition in the mass gaming segment. Sands China has reported a flat performance in revenues for 3Q from a year ago. Profits in the period increased 3.3 percent. While the operator’s shares in HK led the decline of casinos
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It surpassed experts’ predictions. Chinese banks lent US$140 billion in September. But foreign exchange reserves dipped slightly, fuelling fears that speculators are active. The country’s economy is moving into ‘mild’ territory
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