MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 705 Monday January 12, 2015 Year III
The ties that bind O
n the surface it’s all smiles. But Macau residents are becoming less confident in the gov’t. And the territory’s relations with China. According to a University of Hong Kong survey, local support for ‘One country, two systems’ is waning. There are positive indicators. But the study claims ‘people are getting less positive than previous years regarding the development of Macau in the year past’ PAGE
Diminishing Fortunes Make a billion, lose a billion. It’s all part of Forbes’ Hong Kong’s 50 richest people list. The gaming industry slowdown and plummeting stock prices took their toll on Macau casino tycoons last year. Lui Che Woo, Pansy Ho, Lawrence Ho and Angela Leong all got burned. Some much more than others
PAGE 4
Crackdown on illegal gaming sites Eight arrests in three months. Police have taken more mainland Chinese into custody for promoting illegal gaming websites. Junk phone messages and outdoor banners are the media of choice. Criminal gangs are suspected of masterminding the operation
PAGE 8
Summer salvation? Everyone’s betting on it. From casino operators to the gov’t. The imminent opening of new properties will hopefully save the day. The new Secretary for Economy and Finance, Lionel Leong Vai Tac, put it in a nutshell. The gaming industry is in a “deep-level adjustment period”. Revenues will only likely recover momentum in the second half
PAGE 3
2
Agile property’s sales miss 2014 target PAGE 4 Medical professional accreditation bill on horizon PAGE 5 Social Security Fund dues to be discussed today PAGE 5 Lei Chan Tong steps down from GIT PAGE 2
HSI - Movers January 9
Name
%Day
China Unicom Hong Ko
5.26
Li Ka-shing revamps biz
Cathay Pacific Airwa
2.91
BOC Hong Kong Holdin
2.14
Wharf Holdings Ltd/T
1.98
‘Superman’ is going to restructure. Hong Kong entrepreneur Li Ka-shing is to adapt his corporations to the prevailing economic winds. A responsibility to his employees, he says
China Life Insurance
1.67
Sands China Ltd
-0.94
China Petroleum & Ch
-0.96
Tingyi Cayman Island
-1.56
China Shenhua Energy
-1.72
Galaxy Entertainment
-2.07
PAGE 9
Source: Bloomberg
www.macaubusinessdaily.com
INTERView
Designed to distinction Recognition is the fuel of business. Fledgling interior design and project management company KPM know that. They recently picked up the prestigious Best SME accolade at the 2014 Business Awards. Giving company partner Rui Barbosa a platform to speak. The MD says people are becoming aware of the added value that interior and architectural design brings to their projects. Lack of human resources rears its head once more but he’s all for weeding out the unqualified, and putting quality above profit
Page 6 & 7
I SSN 2226-8294
Brought to you by
2015-1-12
2015-1-13
2015-1-14
12˚ 14˚
12˚ 15˚
14˚ 19˚