Macau Business Daily, Dec 6, 2015

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MOP 6.00 Closing editor: Joanne Kuai Year III

Number 701 Tuesday January 6, 2015

Publisher: Paulo A. Azevedo

Toss a coin

Analysts are divided on whether revenues will shrink or grow in 2015. Conflicting signals are muddying the waters. A Morgan Stanley outlook report says the gaming industry will continue registering revenue declines in the first half. Bets are on a second quarter recovery following new casino openings. ‘We expect sequential improvement in GGR, driven by a lower base and the opening of Galaxy Macau Phase 2, and Studio City to result in positive industry growth. Wynn and SJM also plan to add 40 and 10 new tables, respectively, in 2015’, it wrote. PAGES 6 & 7

Finger on the pulse

Balancing the books No more prevarication. Yesterday, Chinese local governments had to send their reports on municipal debt to the central administration. The first step in knowing which bonds were to be supported by the top authorities

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HSI - Movers January 5

Name

What we’ve all been waiting for. Now the new Secretary for Social Affairs and Culture has said it. Alex Tam has publicly pledged to improve the quality of the health system. MOP10 billion has been earmarked for upgrades. The gov’t plans to bring another 529 medical staff on board this year. With salaries to attract outside experts. And reduced waiting times for appointments within a year. “Now things are going to be different”, he said

%Day

China Resources Land

4.79

Hong Kong Exchanges

2.49

Li & Fung Ltd

1.96

Kunlun Energy Co Ltd

1.83

Labour complaints

China Shenhua Energy

1.30

Hengan International

-2.11

Bank of Communicatio

-2.18

China Life Insurance

-2.55

2,000 labour complaints. That’s the number the gov’t handled in the first eleven months of last year. Nearly 40 per cent related to unpaid wages

Galaxy Entertainment

-2.80

Cathay Pacific Airwa

-3.32

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Source: Bloomberg

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2015-1-6

2015-1-7

2015-1-8

17˚ 21˚

14˚ 18˚

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