MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 709 Friday January 16, 2015 Year III
Mini gold rush n ot enough to o ffset Occupy, says Luk Fo ok Pag
Doing the sand dance
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M
acau keeps getting into the record books. Now it’s the second costliest city in the continent when it comes to construction. Only following Hong Kong in Asia – and 11th in the world. This isn’t likely to change any time soon. Demand for public housing, large hotel development projects and assorted infrastructure is keeping costs up. Particularly for sand, cement and human resources PAGE
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Fragrant Harbour pulls the plug
DSRT: MTEL to provide Internet services Page 2
Hong Kong has cancelled its Capital Investment Entrant Scheme. HKSAR Chief Executive C.Y. Leung says the financial hub is currently in no need of investment capital. But it does welcome talent. As many as 360 Macau residents just made the cut and will get ‘permanent resident’ status in the neighbouring city Page
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Storm before the calm
www.macaubusinessdaily.com
Gaming revenues are expected to drop further in the first quarter. Analysts predict a 29 per cent plunge y-o-y. February is forecast to represent the worst drop, following last year’s record 40 per cent growth. Thereafter, the pull of the new properties is expected to reverse the situation
Caesars’ files for bankruptcy Page 6
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HSI - Movers January 15
Name
%Day
Ping An Insurance Gr
3.96
China Life Insurance
3.60
AIA Group Ltd
2.27
Power Assets Holding
1.95
China Merchants Hold
1.69
New World Developme
-0.22
China Shenhua Energy
-0.22
Hang Lung Properties
-0.24
HSBC Holdings PLC
-0.35
Lenovo Group Ltd
-1.12
Source: Bloomberg
I SSN 2226-8294
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Very Important Plans
Darker shadows
Junket promoters are synonymous with Macau. But now they are shifting their focus overseas. One such large enterprise – David Group – is reputedly shutting down its Macau VIP rooms, according to analysts and an inside source. If so, it would follow a well-trodden path
December saw the return of shadow banking. Weighing as a main factor in the People’s Bank of China’s November rate cut. Meanwhile, economists’ forecasts and real data mismatch once more
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