Macau Business Daily, Jan 21, 2015

Page 1

MOP 6.00 Number 712 Wednesday January 21, 2015

Publisher: Paulo A. Azevedo

Closing editor: Luís Gonçalves

AL to monitor costs of major public works

T

Year III

he chickens are coming home to roost. And accountability is in the air. The CE is mulling the drafting of a law enabling the Legislative Assembly to monitor mega infrastructure projects, citing the example of Hong Kong. Chui Sai On is disturbed by the findings of an Audit Report on the First Phase of the Light Rail Transit System. Two and a half years’ delay and triple budgeted costs are unacceptable. Chui asks Macau population to give Raimundo Rosário time to resolve the situation PAGE 5

CoD works suspended A local construction worker has had a fatal accident. Using a lifting appliance on the retail expansion site at City of Dreams, the man tragically fell to his death. The Labour Affairs Bureau has ordered a suspension of works. The gov’t has confirmed a full investigation will be held into the incident PAGE 2

HSI - Movers January 20

Name

%Day

China Life Insurance

4.22

Ping An Insurance Gr

2.96

Bank of China Ltd

2.63

China Resources Ente

2.45

Industrial & Commerc

2.39

CNOOC Ltd

-0.19

Sands China Ltd

-0.42

Hong Kong & China Ga

-0.45

China Resources Powe

-0.73

Power Assets Holding

-1.14

Source: Bloomberg

I SSN 2226-8294

Crouching tiger, hidden dragon Once known as the Celtic Tiger. Now Ireland wants to reboot its economy by “looking East”. Irish Minister of State at the Department of Finance has met with Sonia Chan to discuss deeper co-operation. Agriculture, education, hospitality and tourism are common links. While the gateways to major world markets China and Europe have something to offer both parties

Chinese GDP data confirms it. The economy is progressing along moderate lines. Last year’s growth was better than expected by analysts. Cutting a break for Asia markets.

First David Group. Now junket operator Gold Moon Group has shut down one of its five VIP rooms. This one is located in Sands Cotai Central. SJM CEO Ambrose So remains serene. VIP room closures not a new trend, in his opinion

Page 8,9&15

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‘New normal’ is here

www.macaubusinessdaily.com

VIP closures continue

City Chain turnover down 3 pct

Revenue decline not linked to Gaming shuttle buses anti-graft campaign, says Beijing need more regulation PAGE 5

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