MOP 6.00
spent
Number 653 Monday October 27, 2014
Publisher: Paulo A. Azevedo
Closing editor: Sara Farr
Less than half of budget
A
Year III
t last the figures are in. Macau’s 2013 fiscal surplus hit MOP125 billion. The territory is one of only few recording positive surpluses year after year. But the execution rate for last year’s budget was a paltry 40 percent. Quite unsatisfactory, according to the government. Delayed infrastructure projects took the brunt of the blame Page
On hold
3
Local fashion designers sell to Europe
Investors are skittish. So it’s wait and see. The next 6-12 months will be telling. Stocks are not at ‘scorched earth’ levels yet, say analysts. China’s economic slowdown and anti-corruption drive remain the biggest factors influencing investors
Page 5
Kering sales affected by lower Gucci sales in Macau, HK
Page 5
Page 4
Café de Coral quits North American market Page 4
Smoke concerns
HSI - Movers October 24
There’s always a hitch. Health authorities are concerned about reports concerning casino premium mass areas. Feedback suggests the smoke-free rules of October 6 are being circumvented. The Gaming Inspection and Coordination Bureau is to investigate
Page
2
East, West, home’s best China has launched the Asian Infrastructure Investment Bank. A rival to the World Bank. AIIB wants to supply Asian countries with the financial resources withheld from the Western controlled bank
www.macaubusinessdaily.com
Page 10
In veritas vino
Name
%Day
China Mobile Ltd
2.16
China Unicom Hong Ko
1.28
Sino Land Co Ltd
0.47
Bank of East Asia Lt.
0.00
New World Developm
0.00
China Mengniu Dairy
-1.08
Henderson Land Devel
-1.23
Galaxy Entertainment
-1.62
China Resources Land
-1.67
Hengan International
-1.68
Source: Bloomberg
I SSN 2226-8294
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Wine is now a popular tipple in Macau. Not just amongst locals and expats but foreign and mainland Chinese tourists. Wine expert and founder of the Macau Sommelier Association, Adolphus Foo, speaks to Business Daily about consumption trends. And catching up with Hong Kong
Pages 6 & 7
2014-10-27
2014-10-28
2014-10-29
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23˚ 27˚
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