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
H
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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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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6
%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
I SSN 2226-8294
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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