MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 650 Wednesday October 22, 2014
Inflation at 8-month low
I
Year III
nflation reached 5.82 percent in September. Below 6 percent, thus an eight-month low. Food prices increased 5.2 percent. But rents surged 12.2 percent. After housing and food, health services, recreation and culture, household goods and alcohol reported price increases above 2 percent. Communication services dipped slightly. As expected, the greatest inflationary pressure was exerted on lower earning households Page
Road rage
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HSI - Movers October 21
Name
Bus drivers are being assaulted. One is currently recovering from surgery. Discontented passengers are to blame. Bus operator Transmac alone has reported nine such incidents. Violence ranges from verbal abuse to physical confrontation. The New Era bus operator admits some bus drivers are rude. But lack of labour resources, more passengers, and government restrictions are not helping
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%Day
Sino Land Co Ltd
2.25
Lenovo Group Ltd
1.46
Sun Hung Kai Propert
1.25
Li & Fung Ltd
1.19
Chia Shenhua Energy
1.11
China Unicom Hong Ko
-0.70
China Petroleum & Ch
-0.76
Hengan International
-1.06
China Mobile Ltd
-1.78
Tingyi Cayman Island
-2.41
Source: Bloomberg
The dotted line
InterContinental posts rising revenues Page 7
China likely to close ‘gift’ loophole in corruption fight Page 7
Delays are inevitable. Legislators and government representatives do not see eye to eye on the draft bill on Employment Contracts for Public Services. The primary problem lies in how the new provisions should be structured. While legislators want it simplified, the government is adopting a conservative position
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Living luxury A luxury villa in Penha Hill has sold for MOP188 million. The purchaser is Macau Property Opportunities Fund. The acquisition adjoins the group’s The Green House. There’s a possibility the properties may be merged. The transaction is scheduled to complete by December www.macaubusinessdaily.com
I SSN 2226-8294
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The GDP mirage
China’s GDP growth figures beat experts’ forecasts. But sank to their lowest point since the 2008 crisis. The expanding service sector and middle class wages have to counter sluggish property behaviour
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