MOP 6.00 Closing editor: Luís Gonçalves Year III
Number 657 Friday October 31, 2014
Publisher: Paulo A. Azevedo
E-CIGARETTE REVOLUTION ARRIVES IN MACAU
E
lectronic cigarettes have arrived here. With the real thing banned from mass gaming floors, and a universal ban on tobacco products from New Year’s Day, e-cigarettes’ time may have come. The government has confirmed that they may be used in casinos and other enclosed spaces. Distributors told Business Daily this may represent a business opportunity PAGE
OCBC profits up 60 pct PAGE 4
Francis Tam: Table cap policy non-negotiable PAGE 6
Jaime Carion says he’s retiring due to health… PAGE 2
… while Lau Si Io says he’s not ready to go PAGE 6
Galaxy powering ahead GEG is building two 5-star hotel properties. Its Phase 2 Cotai project will feature JW Marriott Hotel and The Ritz-Carlton. To be completed during the first quarter of next year. Some 600-800 employees are being sought, with locals first choice
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3
S. Korea displaces Thailand Forget Thailand. Macau residents are skipping the Land of Smiles for South Korea. The new destination is hot. Last month, the Hermit Kingdom attracted more than double the normal number of Macau visitors. Macau’s favourite destination is followed by the Mainland, Hong Kong and Taiwan
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HSI - Movers
YellowTaxigate
October 30
Name
No end in sight for the yellow taxi dilemma. They say they’re losing money operating the on-call service. The company’s government contract expires November 6. Either it’s renewed and all 100 yellow taxis provide purely on-call service. Or the black cabs step in as back-up, says Wong Wan, Transport Bureau director.
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%Day
CHINA RESOURCES POWE
2.77
TINGYI CAYMAN ISLAND
1.99
BELLE INTERNATIONAL
1.03
CHINA MENGNIU DAIRY
0.90
CHINA RESOURCES LAND
0.89
PING AN INSURANCE GR
-1.12
CHINA PETROLEUM & CH
-1.18
BANK OF COMMUNICATIO
-1.90
PETROCHINA CO LTD
-1.93
CNOOC LTD
-4.46
Source: Bloomberg
I SSN 2226-8294
www.macaubusinessdaily.com
That’ll do nicely Put it on the card. The Chinese cabinet will liberalise the credit card market. Visa and Mastercard celebrated with visions of access to a US$1 trillion market.
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