Macau Business Daily, Dec 18, 2014

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MOP 6.00 Closing editor: Joanne Kuai Publisher: Paulo A. Azevedo Number 691 Thursday December 18, 2014 Year III

T

he 2015 Budget. No surprises. But there’s a lot to contend with these days. The gov’t estimates it will rake in some MOP155 billion next year. Budgeted expenditure totals MOP83.7 billion. The bill was passed unanimously. Some legislators oppose the article regarding expenditure, however. They say it’s high time the Legislative Assembly was allowed to fully supervise the Administration’s budget Page 2

NIMBY’s prevail

5 per cent of monthly salary contribution, vesting scale preferred for provident fund

No family hostels in Macau in the near future. This per a Macau Government Tourist Office survey. Some 60 pct of Macau residents embrace the concept of family hostels. But ‘Not In My Back Yard’, thank you. Respondents cited security, house prices, traffic and regulatory factors as issues of concern

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Chinese state-owned aerospace giant seeks private partnership PAGE 16

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HSI - Movers December 17

EDF dispenses largesse

Name

It’s a lifeline for some. The Education Development Fund handed out MOP50.85 million in Q3. The Premier School Affiliated to Hou Kong Middle School received the lion’s share. Some MOP45 million to expand and update its facilities. In all, thirty private institutions or persons received financial aid

%Day

Bank of Communicatio

3.54

Bank of China Ltd

2.73

PetroChina Co Ltd

2.36

Industrial & Commerc

1.92

China Unicom Hong Ko

1.58

Li & Fung Ltd

-2.70

Lenovo Group Ltd

-4.15

China Mengniu Dairy

-4.17

Sands China Ltd

-6.18

Galaxy Entertainment

-8.20

Source: Bloomberg

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Hot under the collar Trade talks between the U.S. and China in the city of Chicago. Should be good news but perhaps not. The Americans have imposed duties penalizing imports of solar products made by Chinese and Taiwanese enterprises

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Black Wednesday More doom and gloom. Casino stock prices tumbled on reports of a further crackdown. Top level meetings between mainland and Macau officials are fuelling fears of more restrictions on high rollers. Some analysts say it’s warmed over news, while the market has reacted otherwise

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