Macau Business Daily, Dec 30, 2014

Page 1

MOP 6.00 Closing editor: Joanne Kuai Publisher: Paulo A. Azevedo

Many say it’s long overdue. The maximum amount of dismissal compensation may be increased. The gov’t is proposing a new ceiling of MOP20,000 (US$2,500) for dismissal without cause. The current maximum is MOP14,000 patacas. A draft amendment to the Labour Relations Law is preparing the way. The unions, however, have divided opinions on the revised legislation PAGE

2

Year III

Number 697 Tuesday December 30, 2014

Labour law undergoing scrutiny

Lionel Leong appointed to supervise Macau Investment Ltd

Look before you leap

PAGE 2

Shanghai stocks hit five-year record

Caution advised. So say a legislator and lawyer familiar with sales tactics on Hengqin Island. Prices may be attractive but not all realtors play by the book. Business Daily learns that corners are sometimes cut on presale flats. Leaving prospective purchasers legally high and dry. Due diligence is the order of the day

PAGE 10

South Korean banks to enjoy friendlier regulation PAGE 12

PAGE 5

HSI - Movers December 29

Public works proceeding apace It’s a massive undertaking. The construction of the Barra transport hub is to cost Macau some MOP1.24 billion. The Official Gazette has also disclosed that the gov’t is to spend MOP90 million on the design of Macau’s LRT link to Hengqin Island

PAGE 3

Name

%Day

China Life Insurance

8.73

Ping An Insurance Gr

7.46

Bank of Communicatio

3.30

China Construction B

3.24

Belle International

3.14

Lenovo Group Ltd

0.39

New World Developme

0.34

Kunlun Energy Co Ltd

0.27

Link REIT/The

-0.61

Li & Fung Ltd

-0.83

Source: Bloomberg

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Casting the runes

Seven Typhoons Gross gaming revenue is in the doldrums. Consecutive slumps since June are predicted to continue until 2Q 2015, say analysts. Business Daily grades the ‘typhoons’ which have wrought havoc in the Macau gaming industry this year. And evaluates those that have damaged business the most

PAGE 6 & 7

Another poll. This one forecasts the Purchasing Managers Index results. The Chinese economy slowdown will persist in Thursday’s official results, it says

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PAGE 8

Number of tourist arrivals up 8% during Christmas holidays | PAGE 4

2014-12-30

2014-12-31

2015-1-1

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12˚ 18˚

11˚ 17˚


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Macau Business Daily, Dec 30, 2014 by Business Daily - Issuu