I
t’s been quite a 15 years. But now the Secretary for Economy and Finance is stepping down. At the end of the year. Francis Tam Pak Yuen said he’ll talk about his tenure “at a more appropriate time”. He declined to comment on who his successor might be. But said the CE would appoint “a capable and experienced candidate”. Mr. Tam said the upcoming reshuffle of Secretaries would not affect current legislation works, including his portfolio Page
3
MOP 6.00 Year III
Number 652 Friday October 24, 2014
Publisher: Paulo A. Azevedo
Closing editor: Sara Farr
Tam calls it a day
24-hour border crossing soon
MACA hits the right note in protecting artists Page 4
It’s highly likely. MacauHengqin border crossings could be round the clock by year-end. A senior Hengqin government official says they are wrapping up preparatory works. And bidding is on for Macau enterprises in the cultural and creative field wanting a slice of the Hengqin dream. Entry price for bids is close to MOP310 million.
L’Occitane net sales up 9pct in H1 Page 4
Portugal banking on Macau and China markets Page 6
Page 5
HSI - Movers
Factories fuel economy
October 23
Name
The manufacturing purchasing managers’ index has reached 50.4. Beating forecasts. And extending a three-month increase trend. But the data escorting the index mirrors an economic environment full of doubts
Delightful dilemma Macau may welcome 32 million visitors this year. Considerably overshooting MGTO estimates. Some 23.5 million visitors arrived in the first 9 months. The territory, however, is becoming over dependent upon Mainland Chinese visitors. Who now account for almost 70 percent of tourists. While the Hong Kong, Taiwan and S.E. Asia base falls away
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Page 2
%Day
Want Want China Hol
1.55
Bank of Communicatio
1.44
Swire Pacific Ltd
0.88
China Merchants Hold
0.62
Industrial & Commerc
0.60
Henderson Land Devel
-1.12
COSCO Pacific Ltd
-1.34
CNOOC Ltd
-1.58
China Mobile Ltd
-3.19
China Unicom Hong Ko
-3.53
Source: Bloomberg
www.macaubusinessdaily.com
MIF kicks off
I SSN 2226-8294
Be there or be square. The 19th Macau International Trade and Investment Fair has attracted participants and exhibitors from over 50 countries. At least 142 local enterprises are supporting the four-day event
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