Macau Business Daily, Dec 4, 2014

Page 1

MOP 6.00

When less is less

Number 681 Thursday December 4, 2014

Publisher: Paulo A. Azevedo

Closing editor: Joanne Kuai

Beijing’s Parliament warns Macau “not to fall into endless political disputes” PAGE 5

T

he Public Investment Plan is important. PIDDA provides funds to build new schools, roads, bridges, ports and even renovate public transport here. But only if they’re spent. Just 14.8 per cent has been spent in the first 10 months of the year. That’s MOP2.1 billion of the available MOP14.8 billion. The Legislative Assembly is complaining that the government is now spending less on the city’s infrastructure than it did 3 years ago. It has become a perennial problem 3

Year III

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Still standing Not all doom and gloom. The real estate market seems unaffected by declining gaming revenue. Luxury residential prices are climbing because of increasing demand, says the industry. General housing prices have ceased to cool as well

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Are you being served? The Chinese tertiary sector. It showed the reverse face of the growth coin yesterday. It announced it will create more jobs than manufacturing. The service sector accounted for 46 per cent of Chinese economy last year

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2

8

HSI - Movers December 3

Name

%Day

Ping An Insurance Gr

2.54

Hong Kong Exchanges

1.59

China Resources Land

1.45

China Shenhua Energy

1.14

BOC Hong Kong Holdin

0.92

CNOOC Ltd

-3.32

Kunlun Energy Co Ltd

-4.10

Galaxy Entertainment

-5.06

Sands China Ltd

-5.08

China Resources Powe

-5.49

Source: Bloomberg

www.macaubusinessdaily.com

I SSN 2226-8294

Mass gaming jitters Deutsche Bank predicts more stormy weather. Mass gaming will post a negative quarter, it claims. For the first time. The smoking ban and table reclassification are two of the catalysts combining to disrupt Q4. Although the sector is expected to pick up next year

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