Macau Business Daily, Jan 15, 2015

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MOP 6.00 Closing editor: Sara Farr Number 708 Thursday January 15, 2015

Publisher: Paulo A. Azevedo

Special stamp duty dilemma

M

Year III

ore harm than good. So say realtors of the special stamp duty implemented by the gov’t in 2011. They are calling for it to be abolished. Introduced as a means to help cool down commercial and residential property, they say that the situation is now different. And that 2015 will be a good and stable year for the property market. In October 2012, the gov’t expanded the tax on re-sales of homes to cover offices, shops and car parking spaces but not industrial space PAGE

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Illegal online gambling ad re-activated, says Chan Meng Kam Page 6

Kwan Tsui Hang urges information on land involved in Ao Man Long case Page 6

Reality cheque

Banks are granting less credit for mortgages. With the cooling economy the likely reason. New residential mortgage loans dropped 26.6 pct for Macau residents in November. Non-residents requested 38.2 pct less

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HSI - Movers January 14

Disposing of lots

www.macaubusinessdaily.com

Ng Kuok Cheong labels LRT ‘countless budget, dateless construction’

Name

Survival way

Upbest Group is offloading two north Taipa lots of land. Selling price: HK$559 million. The buyers are reputedly two Macau businessmen. The proceeds of the sale will go towards other ‘appropriate investment opportunities,’ the company said in a filing

President Xi Jinping is adamant. He will continue stamping out corruption. It’s a matter of life or death for the Communist Party of China, he reiterates

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Sign on the dotted line This is the end game. Macau’s gaming industry is going to need up to 18,000 more workers this year. Unemployment is minimal at 1.6 pct. Thus, analysts are warning that labour costs are likely to soar as operators try to retain their staff. And that’s right across the industry spectrum. Competition is expected to continue into next year

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%Day

China Overseas Land

2.28

China Unicom Hong Ko

1.22

Cathay Pacific Airwa

1.14

Power Assets Holding

0.79

Lenovo Group Ltd

0.75

China Shenhua Energy

-1.54

MTR Corp Ltd

-1.64

Tingyi Cayman Island

-1.71

Sun Hung Kai Propert

-1.94

Want Want China Hol

-2.10

Source: Bloomberg

I SSN 2226-8294

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Macau Business Daily, Jan 15, 2015 by Business Daily - Issuu