MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 707 Wednesday January 14, 2015 Year III
2015 budget
under the Microscope
T
he gov’t is being urged to improve its budget execution. In 2013 and 2014, at least three public departments recorded the lowest execution rate of the year. Whilst managing to secure the highest increase in annual budget and recruitment of personnel. Legislators are now combing through this year’s budget, with explanations requested PAGE
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Hotel Lisboa restaurant workers demand overtime compensation
HSI - Movers January 13
Name
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Macau police to aid Indonesian counterparts Page 3
Ford sales nearly double in 2014 Page 4
%Day
China Merchants Hold
3.66
Sun Hung Kai Propert
3.43
China Unicom Hong Ko
3.42
Galaxy Entertainment
2.70
China Mobile Ltd
2.69
China Resources Powe
-0.25
Bank of East Asia Lt
-0.64
Lenovo Group Ltd
-0.93
Tingyi Cayman Island
-1.46
CNOOC Ltd
-1.69
Source: Bloomberg
Gaming revenues may drop 16.5pct in January
I SSN 2226-8294
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December’s surprise Last month’s trade data in China turned out better than expected. Exports rose above predictions. And imports dropped. Delivering a trade surplus of US$49.6 billion
Caution: downgrade possible They were once the darling of the rating agencies. But things have changed. Operators’ plummeting gaming revenues have set off alarm bells. While Macau’s reserves are substantial, agencies warn that the consequences may spread to the wider economy. An industry downgrade is possible if the gaming crisis continues
www.macaubusinessdaily.com
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Hole in one Dunkin’ Donuts will soon open its first store in Macau. As part of the company’s expansion plans in China. Over the next two decades, as many as 1,400 stores are being planned for Greater China. Local Dunkin’ Donuts will square off against rival coffeehouse Starbucks
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