MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 664 Tuesday November 11, 2014 Year III
Plastic Money
Kingdom
S
hop ‘til you drop. It’s Macau. Credit cards - and credit granted by banks – has doubled in only four years. Official stats reveal that in Q3 some 820,000 cards in Macau secured an average credit line of MOP20,000. The territory has more cards than people (1.3 per person) - with pataca-denominated cards in the majority. Followed by pataca-yuan dual currency-denominated cards, trailed by Hong Kong dollar-denominated cards PAGE
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Great expectations Transportation and housing. They should top the agenda for Chui Sai On’s new term, according to the Policy Research Office. The government unit received almost 120,000 suggestions from the public during the election campaign. Of 18 fields, transportation dominated the survey. While 70 percent lambasted the taxi service. Housing, health, inflation and the need to diversify the economy are of concern to the public as well
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Macau population up 34,000 in one year PAGE 6
Local dining experience losing appeal PAGE 6
Gaming revenues to fall 13 pct in 2015 PAGE 4
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HSI - Movers November 10
Name
SJM profit down 16 pct SJM’s posted a 16.4 percent drop in gaming profits. To HK$1.5 billion vis-a-vis a year ago. Flagship Grand Lisboa revenues are down 11 percent. The operator is also seeing market share diminish. It now occupies 22.5 percent versus 24.3 pct in 2013
%Day
Hong Kong Exchanges
4.56
China Resources Powe
3.11
Galaxy Entertainment
2.92
Henderson Land Devel
2.89
Lenovo Group Ltd
2.53
COSCO Pacific Ltd
-1.12
China Mengniu Dairy
-1.75
Ping An Insurance Gr
-2.93
China Resources Land
-4.11
China Resources Ente
-5.14
Source: Bloomberg
www.macaubusinessdaily.com
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China’s day Yesterday was a day of economic plenty for China. The Hong Kong link kick-off day was announced, and a free trade pact with South Korea confirmed. And President Xi Jinping and Japanese counterpart Shinzo Abe held a meeting. Glimmers of hope pierce the recent darkened relations
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Gambling website impunity
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Local Judiciary Police smell a rat. Online gambling websites, promoted via junk mobile phone messages, could involve “scams”, they suspect. But local and Zhuhai authorities have yet to arrest the ringleader. Several allegedly scam online gambling websites have still not been blocked 6 months on
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