Macau Business Daily, Feb 2, 2015

Page 1

MOP 6.00 Closing editor: Luís Gonçalves

A six-figure problem M

Year III

Number 720 Monday February 2, 2015

Publisher: Paulo A. Azevedo

OP100,156. A number to remember. Last year, Macau breached a psychological barrier in terms of square metre real estate prices. Property prices went up 21pct, while transactions plunged 36 pct. Flats under construction were 50 pct more expensive than completed ones. Prices in December dropped well below the 2014 average. But the average net floor area of flats shrunk to 69 square metres from the 74 square metres of 2013. The most expensive flats were in Coloane, followed by Taipa and the Peninsula

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6

Packaged tourists Gaming revenues might be in the doldrums. But tourists are far from deserting Macau. Take package tours, for example. They’ve doubled from half a million in 2009 to 1.2 million in 2014. In 2014, package tour visitors increased 25 pct from the previous year to 12.3 million. With Chinese visitation skyrocketing 34 pct

Sri Lanka blocks three casino projects

PAGE 11 University of Saint Joseph to slash tuition fees

PAGE 7 A third of Macau imports come from Mainland

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4

Chinese New Year January figures budget up by a quarter disappoint MGTO is sponsoring its biggest parade yet for CNY. Macau Government Tourist Office has announced it will spend MOP23 million on the third day (February 21) and tenth day (February 28) of Chinese New Year. Some 25 pct increase on last year. Famous Hong Kong artists and a grander event are cited for the hike in costs for the ‘Parade for the Celebration of the Year of the Ram’

HSI - Movers January 30

January factory data shrank surprisingly. In a month that traditionally returns positive outcomes. Analysts consider this is one more step towards government action. Even the service sector failed to make the grade.

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Interview

“Consulgal bid was the best option for the Light Rapid Transit” www.macaubusinessdaily.com

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You win some, you lose some. Consulgal head Rogério Monteiro Nunes clearly believes his engineering JV deserved to pick up the LRT contract. He tells Business Daily about his company’s ambitions to expand to Guangdong. And his pride in projects like the automated solid waste collection in Areia Preta. Nunes identifies the difficulties of working here - with its “distorted labour market” - but still believes the company’s 13 years in Macau was a good move, with many ‘emblematic’ projects to show for it

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Name

%Day

Hengan International

3.89

Tingyi Cayman Island

3.24

Cheung Kong Holdings

2.13

BOC Hong Kong Holdin

2.06

New World Developm

1.54

Tencent Holdings Ltd

-1.93

China Overseas Land

-1.97

China Resources Ent

-2.30

Sands China Ltd

-2.93

Galaxy Entertainment

-3.08

Source: Bloomberg

I SSN 2226-8294

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PAGE 8&9

Guangdong to bring opportunities to Macau, says CE | PAGE 5

2015-2-2

2015-2-3

2015-2-4

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