Macau Business Daily, Oct 27, 2014

Page 1

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

Brought to you by

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

23˚ 28˚

23˚ 27˚

23˚ 28˚


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