Macau Business Daily, Dec 8, 2014

Page 1

MOP 6.00 Closing editor: Sara Farr

T

hey’ve had a very good year. Banks here have posted an operating profit of MOP9.5 billion for the first three quarters. That’s an almost 37 per cent y-o-y rise. Prolonged declining gaming revenues may have dragged the economy down but bank profits remain perky. Credit and deposits are growing at a brisk 30 per cent. In the last two years, the banking sector has outpaced the gaming industry and economy as a whole Page 3

Year III

Number 683 Monday December 8, 2014

Publisher: Paulo A. Azevedo

Banks on a roll

Two-step tango

MIA spreads its wings

It had been said before. And was said again. A prudent monetary authority and pro-active fiscal policy go hand in hand. Two things the Communist Party’s elite decision-making body will pursue in 2015. The November figures are expected to show that export growth, investment and factory output have lost further momentum

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It’s certainly taking off. Macau International Airport handled just over 5 million visitors last year. The airport authority is now planning to expand capacity. To handle 7.5 million passengers per annum. A new business jet hangar, improved apron, and land reclamation are slated for next year. Plus extra office space and facilities. MIA was opened 19 years ago; it is likely to post record passenger through-flow this year

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Chui: Gov’t prepared for gaming dip Page 5

Page 2 Brought to you by

HSI - Movers December 5

Name

9

Interview

Urban plan lacking www.macaubusinessdaily.com

Macau film industry awakening

Macau appears to have it all. But a long-term urban plan is missing. So says André Lui Chak Keong, local architect. He tells Business Daily that the current form of urban planning tends to address urgent needs, not future requirements. And that responsible urban planning starts with local identity rather than tourist-friendly photo ops. He worries about the territory’s rush into PRD hegemony

%Day

China Construction B

3.01

Industrial & Commerc

2.62

China Merchants Hold

2.62

Sino Land Co Ltd

2.25

Sun Hung Kai Propert

2.04

Li & Fung Ltd

-1.54

CNOOC Ltd

-1.82

Kunlun Energy Co Ltd

-2.11

China Unicom Hong Ko

-3.13

Cathay Pacific Airwa

-3.28

Source: Bloomberg

I SSN 2226-8294

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Pages 6 & 7

Prada’s Q3 profits down amid luxury goods gloom Page 5

2014-12-8

2014-12-9

2014-12-10

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