MOP 6.00 Closing editor: Joanne Kuai Number 678 Monday December 1, 2014
Publisher: Paulo A. Azevedo
MSAR records first GDP decline IN 5 years
I
Year III
t had to happen, and it has. Macau’s GDP declined 2.1 percent y-o-y in Q3. The first time in five years the SAR has reported an economic contraction. Private investment has increased 41.5 percent but the finger is being pointed at the sluggish service trade. Exports of gaming services have dropped 12.3 percent in real growth. And exports of ‘other tourism services’ dropped 0.7 per cent, despite increasing visitor arrivals. Four international institutions and rating agencies urged Macau to diversify its economy in May PAGE
3
Anti-graft campaign takes heat out of China’s private jet market
Cute overload
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Chow Tai Fook considering acquiring stakes in diamond mines
Forever young. Japanese company Sanrio’s Hello Kitty celebrates her 40th birthday this month. But she’s showing no signs of slowing down. The first Hello Kitty theme park to open outside Japan is all set. And is due to open on New Year’s Day 2015 in Zhejiang. The Chinese property developer previously pledged to build another theme park on Hengqin
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Name
%Day
Bank of Communicatio
6.46 5.04
Bank of China Ltd
3.63
Junkets jack it in
Cross strait hurdles
Cathay Pacific Airwa CITIC Ltd
3.05
It was a good idea. Until reality set in. The junket model looks nearly broken, says a Standard Chartered analyst. VIP room promoters are struggling to attract high rollers. And to collect on debt. Gaming operators are increasingly turning to the mass market
We live in interesting times. Last weekend, Taiwan became the focus of attention. Local elections returned a resounding anti-KMT result. Relations with Mainland China are in the forefront of analysts’ thinking. While economic forecasts don’t invite optimism
China Resources Land
2.51
Hutchison Whampoa L
-1.72
China Resources Ente
-2.53
Kunlun Energy Co Ltd
-3.12
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PetroChina Co Ltd
-3.33
CNOOC Ltd
-5.50
Source: Bloomberg
www.macaubusinessdaily.com
Interview
I SSN 2226-8294
Zhuhai calling It’s become something of a trend. A growing number of Macau residents are considering making Zhuhai their home. And a place to do business, says Jean Jacques Verdun, founder of Delta Bridges Media Ltd. He told Business Daily that MICE and F&B represent the best investments. And definitely roll with the punches. It’s a jungle out there in businessland
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