Macau Business Daily, Dec 16, 2014

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MOP 6.00 Closing editor: Joanne Kuai Year III

Number 689 Tuesday December 16, 2014

Publisher: Paulo A. Azevedo

More of Ao’s assets recovered

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K$80 million of illegal assets have been recovered. The Public Prosecutor’s Office transferred the money back to Macau on December 5. This follows HK$360 million recovered from several Hong Kong banks in 2009. But disgraced former Macau official Ao Man Long has a lot more stashed away. CCAC put his total unknown-origin-of-assets in 2007 at 850 million patacas. Legal barriers in different jurisdictions are hampering full recovery PAGE

3 New electronic gadgets shopping mall to open

Universal suffrage protest on Saturday

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Local telecom operators’ licences extended to June 2023

It’s protest time again. Local democrat group New Macau Association has announced its planned demonstration on Saturday. During President Xi’s visit to Macau for the handover anniversary. NMA is once again appealing for universal suffrage. The group leadership denies knowledge of Occupy Central activists planning to join the demo

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Paul Phua sports betting raid FBI tactics questioned by legal team

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Brought to you by

Target: Europe European firms are squarely in their sights. The financial sector in China is targeting northern hemisphere companies in their Merger and Acquisition strategies. Portuguese bank Banco Espirito Santo de Investimento is a prime example

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HSI - Movers December 15

Gloomy outlook

Name

Analysts remain sceptical. Predicting Macau’s gaming revenue is unlikely to grow in 2015. Opening new hotels is not enough to offset negative market growth, they say. Asia Pacific - dependent upon the VIP segment - is also at risk. Meanwhile, rising stock prices could represent a potential headwind

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%Day

PetroChina Co Ltd

1.98

CNOOC Ltd

0.80

Kunlun Energy Co Ltd

0.42

China Construction B

0.33

China Resources Ente

0.26

Ping An Insurance Gr

-2.03

China Overseas Land

-2.17

China Resources Land

-2.31

China Merchants Hold

-3.00

China Unicom Hong Ko

-3.95

www.macaubusinessdaily.com

Source: Bloomberg

Touching moments

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The A & P budget has been approved. Macau Government Tourist Office will spend MOP31.3 million to promote the territory overseas. Japan, Australia and New Zealand get the biggest slice of the advertising and promotional cake. Most forms of media will be employed

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