Macau Business Daily, Dec 7, 2015

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MOP 6.00 Closing editor: Luís Gonçalves Number 702 Wednesday January 7, 2015

Publisher: Paulo A. Azevedo

MICE insiders want visa policy overhaul

Year III

The gov’t wants to diversify the economy. And the MICE sector is one viable avenue. But the visa policy regarding business travellers has to move with the times, say industry insiders. A multiple entrance visa valid for a year is the answer, they say. Discretionary decisions by Immigration officials are turning away too many business visitors a year. And that’s not good for business PAGE

Digging in the Sands

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Macau SME’s unaffected by gaming crisis The vice-president of Macau SME Enterprises Association says to Business Daily that local SMEs are more affected by the lack of human resources than by the slowdown of the gaming industry. High-end retail stores to suffer the most with declining casino revenues

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HSI - Movers January 6

Name

%Day

Tencent Holdings Ltd

5.73

China Unicom Hong Ko

0.57

Cathay Pacific Airwa

0.12

Want Want China Hol

0.10

China Mengniu Dairy

-0.16

China Life Insurance

-2.94

China Resources Land

-3.05

CNOOC Ltd

-3.20

Sands China Ltd

-3.49

Galaxy Entertainment

-4.32

Source: Bloomberg

I SSN 2226-8294

At your service Sometimes fact is stranger than fiction. Sands China’s alleged secret investigation of Macau Gov’t officials is the cornerstone of dismissed ex-Sands CEO Steve Jacobs’ case against the company for wrongful termination. Jacobs maintains he clashed with group chairman Sheldon Adelson over demands he collect information for the purpose of ‘leverage’. A Nevada judge will rule if pertinent documents are admissible in the lawsuit against his former employer

www.macaubusinessdaily.com

PAGE

Extending the path. Initiated in recent years, and especially noticeable in the last half of 2014. The services sector is driving the evolving Chinese economy

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TCM drivers win raise

Onward and upward

Local bus operator TCM will increase drivers’ salaries this month by 10 pct, despite conceding that its public transport operation is running at “serious loss”. Non-drivers and management may get an increment based on performance. TCM is developing its chartered shuttle bus business to make ends meet

Lots going on at Macau International Airport. Traditionally, it has linked the MSAR to regional short-haul destinations. Now it’s preparing to further diversify its passenger sources. And is already targeting flight connections to India and Indonesia

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Gaming revenues to drop 8 pct in 2015 PAGE 6

Loans flat in November PAGE 5

Iao Kun’s turnover down 3 pct in 2014 PAGE 6

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Macau Business Daily, Dec 7, 2015 by Business Daily - Issuu