MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 716 Tuesday January 27, 2015 Year III
Is the real estate bubble deflating? I
t could be a sign. The real estate bubble has touched all sectors, launching prices into the stratosphere. The anticipated subdued growth for industrial units this year, however, could signal a cooling market. Centaline and Midland Realty expect only a ‘slight’ increase in industrial unit prices. They cite the economic slowdown. Plus several companies are returning to rented space in office buildings. Prices in this sector dropped almost 10 pct in the last quarter PAGE
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Build and they will come
Diversification is happening in Macau, says AMCM
PAGE 4 Gaming revenues to drop 18 per cent
A study warns of future low-income worker ‘tension’. A professor and urban planner from the College of Architecture and Landscape at Peking University says the signs are there. Macau’s prosperity is becoming increasingly dependent upon interaction with other cities in the PRD and Beijing. And overreliance on foreign migrant workers will have consequences, he says
PAGE 6 IPIM encourage local businesses to exhibit in HK
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Three-Way
HSI - Movers January 26
An agreement has been signed. Between the law office founded by Rui Cunha, the Portuguese office of Abreu Advogados, and the Cape Verde office of Arnaldo Silva & Associados. The idea is to expand services to the Portuguese-speaking jurisdiction. The three-way partnership will increase the possibility of ‘borrowing’ specialised knowledge
www.macaubusinessdaily.com
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Name
%Day
Li & Fung Ltd
4.72
Galaxy Entertainment
3.54
Tencent Holdings Ltd
3.24
Sands China Ltd
2.23
A lot on their plate
China Merchants Hold
2.13
Hengan International
-1.17
China Resources Land
-1.18
What’s in a number? A lot, apparently. Lucky numbers are rapidly becoming a status symbol. Last year, the Transport Bureau earned over MOP13 million from 890 bids competing for over 200 ‘special car licence plates’. The highest bid – at MOP699,999 - secured licence plate MT28-28
CNOOC Ltd
-1.31
Belle InternationaL
-1.75
China Resources Ente
-3.53
Source: Bloomberg
I SSN 2226-8294
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International the new mantra
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The People’s Bank of China currency strategy has recently reversed. Following an increase in yuan capital outflow. It’s now about moving from protection to fostering its use in international markets.
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2015-1-27
2015-1-28
2015-1-29
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