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
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South Korean banks to enjoy friendlier regulation PAGE 12
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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
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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
www.macaubusinessdaily.com
I SSN 2226-8294
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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Number of tourist arrivals up 8% during Christmas holidays | PAGE 4
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2014-12-31
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