MOP 6.00
Harbourview to open next month
I
t starts here. The new flow of 10 casino resorts begins with Harbourview Hotel in Fisherman’s Wharf. Collectively, the new projects are predicted to propel Macau’s gaming market into a unique US$100 billion league. Slated to open next month, the Harbourview is the first of three new MFW hotels. A skywalk connects to adjacent slot hall Flamingo Casino, while hotel construction came in comfortably under budget. Co-chairman and CEO of Macau Legend Development Ltd David Chow Kam Fai officiated at the hotel completion ceremony on Saturday night PAGE
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Different strokes for different folks
Pansy Ho: Gaming revenue decrease not linked to anti‑graft campaign PAGE 8
He’s the Council chairman of the Association of Advertising Agents in Macau. Keyvin Bi told Business Daily that a new trend is starting. Social media is attracting increasing attention vis-a-vis traditional media. Bi reckons that in five to 10 years time newspapers and magazines will have to find an effective way to link up with the Internet. And big data? Macau still has a long way to go, he says
HSI - Movers November 14
Name
PAGEs 6 & 7
2.68
MTR Corp Ltd
2.09
Tencent Holdings Ltd
1.85
China Resources Ente
1.78
Sands China Ltd
1.71
China Life Insurance
-0.86
CNOOC Ltd
-1.02
PetroChina Co Ltd
-1.70
China Petroleum & Ch
-1.85
Kunlun Energy Co Ltd
-2.36
Source: Bloomberg
Further education today means going to further lengths for space. City University of Macau and Polytechnic Institute will receive the biggest slice of land from the Taipa campus site of University of Macau (UM). The Institute for Tourism Studies will get about 23,028 square metres of the 140,000-square metre plot. Government departments will also benefit
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Venetian Macao
18-20 November 2014
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China Mengniu Dairy
D
It’s painfully dragging on. The government proposes increasing civil servants’ salaries almost immediately. On top of a pay rise this year already. But outsourced cleaners and security guards still wait. This sector is being neglected, says Ella Lei Cheng I. The legislator accuses the government of using ‘minimum wage legislation is in process’ as an excuse not to pay up. There’s no reason for the delay, and it won’t do, she says
Divide and conquer
%Day
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Minimum wage, maximum procrastination
www.macaubusinessdaily.com
2
Commercial real estate loans drop 56 pct
INTERVIEW
1
Year III
Number 666 Monday November 17, 2014
Publisher: Paulo A. Azevedo
Closing editor: Luís Gonçalves
Australia and China sign Free Trade Pact Page 20 | Gold demand by mainlanders dives 37 pct Page 5