Macau Business Daily, Nov 3rd, 2014

Page 1

Year III

Number 658 Monday November 3, 2014

Publisher: Paulo A. Azevedo

Closing editor: Luís Gonçalves

MOP 6.00

Gov’t recruitment at crossroads

I

t started as a good idea. But the recruitment scheme for public administration jobs has hit a wall. So says legislator Chan Meng Kam. The legislator says the recruitment process is too long and unwieldy. Mr. Chan said “they know there are problems [but] don’t know how to improve it”. In 2012, central recruitment meant negotiating 34 procedures over three years. The Mainland takes three months Page 4

Imports reach all-year high

Macau’s transportation chaos continues

The demand for goods is booming. Watches, mobile phones and construction materials are highly sought after. Macau imports increased in September at an allyear record of 23 percent. Twice the rate of growth of exports. Macau’s trade deficit is growing by the month

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Hengqin’s Hello Kitty theme park unrelated to SJM

4

City of Smoke The Health Bureau is serious. Deputy director Cheang Seng Ip announced yesterday that the City of Dreams casino could face a smoking-related fine. Up to MOP100,000 for not displaying a smoking ban notice at the site in question. Other penalties may apply

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MGM profits up 12 pct in Macau PAGE 8

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5

HSI - Movers October 31

Name

Rollercoaster growth

Yellow taxi ends operation on Thursday

There have been some good results. But another batch of data has confused analysts. Factory growth reached a 5-month record, accompanied by weak internal and external demand

Local car rental and seller Vang Iek Group is to cease its taxi business, known as the yellow taxis, as both the company and the government failed to achieve consensus on additional charges to the on-call taxi service

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www.macaubusinessdaily.com

Interview

%Day

Galaxy Entertainment 5.16 Want Want China Hol

3.73

Hengan International

3.22

Sands China Ltd

2.99

Hang Lung Properties

2.98

Swire Pacific Ltd

0.00

CITIC Ltd

-0.15

Lenovo Group Ltd

-0.52

China Resources Ente

-0.54

Tingyi Cayman Island

-1.23

Source: Bloomberg

US investors ponder diversification It’s life after gambling. The chairman of the American Chamber of Commerce in Macau says US investment in the territory is at a turning point. Mass market gaming growth and necessary economic diversification are the catalysts. Charles Choy says some AmCham members are already exploring non-gaming opportunities. Culture and entertainment – plus SME goods and services – top the list PAGE 6&7

I SSN 2226-8294

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