MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 666 Thursday November 13, 2014 Year III
Clampdown on employment agencies
L
ong overdue, some might say. The government is tightening up on local employment agencies. Regulating a market that has for years lacked professional guidance and skated on thin legal ice. Legislation is at last in the works. So, no more services to tourists or help for non-resident workers to change jobs. At least one trained, certified employment service instructor will be mandatory. With fines possibly doubling to MOP100,000 for shady operators PAGE
5
AMCM seeks to increase RMB limit PAGE 3
Tragedy discounts in HK real estate PAGE 7
Investors stand neutral on Galaxy PAGE 6
Pennypinchers
Brought to you by
They’re definitely not spendthrifts. Legislator Chan Chak Mo wants to meet with the DSSOPT and Macau Prison to understand why the two departments’ execution rate for the public investment plan (PIDDA) is so low. At 39.6 percent and 17 percent, respectively.
HSI - Movers November 12
Name
PAGE 4
Own goal He is accused of bribing his way out of Macau. But Macau gambling kingpin Paul Phua Wei Seng’s counsel vehemently denies it. The tycoon was arrested in Las Vegas in July accused of illegal World Cup betting, the Las Vegas Review-Journal says. The case continues amid claim and counterclaim
www.macaubusinessdaily.com
PAGE 3
Hot air? Barack Obama and Xi Jinping have agreed. To reduce greenhouse gas emissions in two decades. Environmental experts say don’t get excited. Apparently, the measure will have little effect on global warming as targets have short range
Page 8
Inner Harbour renovation buzz
BOC Hong Kong Holdin
3.80
AIA Group Ltd
1.48
Hong Kong Exchanges
1.26
Tencent Holdings Ltd
1.25
China Mobile Ltd
1.16
Want Want China Hol
-0.97
China Merchants Hold
-0.98
Ping An Insurance Gr
-1.41
Kunlun Energy Co Ltd
-1.55
China Mengniu Dairy
-1.78
Source: Bloomberg
The jackhammers continue. The govt has given the go-ahead for more construction in the Inner Harbour district. A mixed residential and commercial complex will be built near Ponte 16 and San Ma Lou. This latest joins another 20-odd such gentrification projects over the last two years in the area, agents tell Business Daily
PAGE
%Day
I SSN 2226-8294
2 Brought to you by
Pages 15 to 18
2014-11-13
2014-11-14
2014-11-15
19˚ 24˚
18˚ 25˚
19˚ 24˚