Macau Business Daily, Dec 12, 2014

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MOP 6.00 Closing editor: Luis Gonçalves Number 687 Friday December 12, 2014

Publisher: Paulo A. Azevedo

Money can’t buy happiness for Macau residents

T

Year III

he more you have, the more dissatisfied. According to the Happiness Index Study on Macau Residents 2014. Apparently, people earning more are the saddest. And locals earning more than MOP70,000 a month are the unhappiest of all. Traffic jams, inflation and housing are the culprits that blight lives. The happiest, the study finds, are those who make MOP20,000 to MOP30,000 a month. Don’t worry; people are becoming progressively happy PAGE

Credit where credit’s due

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CSI Properties’ profit down 72 pct PAGE 4

Credit. The lifeblood of business. The Chinese Government is releasing a batch of measures stimulating credit flow from banks. Yesterday, the People’s Bank of China raised banks’ lending limits - and reduced the reserve on deposits.

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No taxis on HK-Zhuhai-Macau Bridge PAGE 2

Macau Water wants subsidy increase PAGE 7

Anti-Bribery law almost finished PAGE 7

A chip off the old block Macau Pass SA isn’t letting the grass grow under its feet. The city’s stored-value card issuer has just announced the launch of a new mobile phone app. For users with smartphones running on Android systems. Top up your value, read your balance and transaction records. And report a lost card via simple scanning

HSI - Movers December 11

Open Air Museum The preservation of local culture. Ung Vai Meng has made it his life’s work. And as president of the Cultural Affairs Bureau he’s in a position to drive awareness and proactive programmes. The city’s 20 museums make it “very high” density compared to the rest of the world, he says. The Bureau now wants to transform Macau into an open-air museum

www.macaubusinessdaily.com

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Name

%Day

China Mengniu Dairy

2.24

Cathay Pacific Airwa

1.97

Link REIT/The

0.41

Power Assets Holding

0.40

Hang Seng Bank Ltd

0.24

CNOOC Ltd

-1.57

China Resources Land

-1.70

Cheung Kong Holdings -1.92 China Resources Powe

-2.88

Kunlun Energy Co Ltd

-3.48

Source: Bloomberg

A Galaxy not too far away

I SSN 2226-8294

GEG’s Hengqin project breaks ground next year. Francis Lui, deputy chairman of Galaxy Entertainment Group confirmed it’s a goer. Galaxy Hengqin is set to be a Maldives-style leisure resort built in three phases. And likely completed in 2022. Meanwhile, Galaxy Phase II is on track to open in the first half of 2015

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