MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 676 Thursday November 27, 2014 Year III
MTEL: Ready to start M
TEL says it’s ready. To enter the fixed line market, and challenge incumbent telecom operator CTM. The company said yesterday that leased line and Internet services will be operational within days. Its fibre optic network already covers 30 per cent of the MSAR. Michael Choi, chairman and chief executive, says clients can subscribe to new services right now. Government approval for the Internet service follows in days PAGE
3 Emperor gaming revenues down 10 pct
Inflationary spiral continues Inflation hit 6.18 per cent in October. Housing and Fuel prices alone jumped 12.47 per cent from a year ago. Food and beverages also went up 6 percent. In relation to the Composite CPI, people spent most on Food & Non-Alcoholic Beverages (28.97 percent), Housing & Fuel (26.70 percent) and Transport (10.96 percent).
PAGE 5
No smoking
PAGE 7
IPIM disbursed MOP1.5 million in Q3 PAGE 2
Newpage continues as Gov’t gaming advisor
Warning in times of prosperity
PAGE 7
Almost ready. Studio City and Galaxy Phase 2 will open soon. The high profile integrated resorts will substantially increase Macau gaming’s offer. But Daiwa Capital Markets analyst Jamie Soo is a naysayer. Supply will not increase demand, he says. The ‘Build it and they will come’ fairytale might not end happily ever after
PAGE 6
Name
PAGE 2
www.macaubusinessdaily.com
%Day
China Life Insurance
7.20
Power Assets Holding
3.84
Ping An Insurance Gr
3.65
Bank of Communicatio
3.28
China Resources Land
2.54
Henderson Land Devel
-0.19
China Unicom Hong Ko
-0.34
CNOOC Ltd
-0.98
Li & Fung Ltd
-1.03
Belle International
-3.90
Source: Bloomberg
Reverse psychology
Page 10
HSI - Movers November 26
He’s adamant. Health Bureau director Lei Chin Ion stoutly defended his corner against legislators. The government hasn’t approved any applications for new smoking zones in casinos since January 2013. The ban requires casinos that have applied for smoking areas to comply with strict rules, he says. Including submitting a monthly air quality report to authorities
It’s shaking things up. Last Friday’s PBOC interest rate cut is set to stimulate the sleepy property sales sector. The reduction and wide range of measures have a strategic objective. To reverse the negative real estate trend dragging down the Chinese economy
Brought to you by
I SSN 2226-8294
Golden Hangover
Brought to you by
They go hand in hand. Gaming revenues and jewellery sales. In the six months ended September, Luk Fook sales in Macau plunged 22 percent from a year ago. Chow Tai Fook took a big hit as well. Regardless, jewellery companies are planning to expand next year
PAGE 5
2014-11-27
2014-11-28
2014-11-29
20˚ 24˚
21˚ 25˚
21˚ 25˚