MOP 6.00 Closing editor: Sara Farr
Retail chain Toys ‘R’ Us mulls shop expansion Page 4
Year III
Number 682 Friday December 5, 2014
Publisher: Paulo A. Azevedo
China’s stern new policy may benefit Ho’s Russian casino venture Page 5
Analysts: December revenues to drop at least 26pct
Advancing by degrees
Page 5
CTM ready to face competition Page 6
A
t least 70 percent have never been promoted. According to a recent survey conducted by the Macau Management Association. Two-thirds of city workers have never been given the opportunity to advance their careers. Gaming industry employees have it worst because too many are chasing too few positions. While only 20 percent of marketing and public relations respondents were given a break. Those with qualifications and a planned career path tended to fare better in the promotion stakes Page
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Deep pockets
Brought to you by
HSI - Movers December 4
Name
%Day
Bank of Communicatio
7.96
China Petroleum & Ch
7.59
PetroChina Co Ltd
7.05
China Shenhua Energy
6.97
CNOOC Ltd
4.77
Want Want China Hol
-0.58
Sino Land Co Ltd
-1.27
Tingyi Cayman Island
-2.11
Sands China Ltd
-3.10
Galaxy Entertainment
-3.38
Source: Bloomberg
www.macaubusinessdaily.com
I SSN 2226-8294
The Macau Government has been frugal. It has enough ‘financial savings’ to last 12 months. That’s more than 100 of the 187 economies tracked by the IMF can claim. Gaming revenues may have plunged for six consecutive months but the city’s surplus could still reach MOP100 billion this year
Out of the race
Page
It had been rumoured. Now it’s official. Macau has been dropped from next year’s WTCC race calendar. Eurosport Events confirmed it will race the touring cars nearer to home. All the signs are that the exciting TC 3 International Series will fill the vacuum. The Macau Grand Prix Committee is expected to comment later in the year
Page
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Power rebirth It’s China’s ‘new normal’. Reaching almost every economic sector. Energy and power suppliers, however, are starting to push for evolution. While coal miners try to increase prices to offset lower demand. Nuclear state firms look at merging
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Pages 8 & 9