MOP 6.00 Closing editor: Joanne Kuai
Another scathing report. This time by the Commission of Audit. Pointing an accusatory finger at the University of Macau. The educational institution lacks competence in managing its funds, the report says. In addition, UM besmirches the public interest by allocating living units to staff who already own houses. The university is autonomous and independent. But it should also be a role model as a public institution implementing good management skills, says the Commission PAGE 3
Year III
Number 726 Tuesday February 10, 2015
Publisher: Paulo A. Azevedo
Audit report slams UM management
Macau casinos jump on China reform bandwagon
PAGE 7
First equity-linked options issued in Shanghai PAGES 8 & 9
Japan current account surplus reached new record
Watchdog to grow teeth
PAGE 11
More bite needed, says the Consumer Council boss. And this is on the way. The expected Consumer Protection Law will enable the body to more stringently supervise the market. With administrative sanctions, says the interim Vice President of the council, Lewis Chan Hon Sang. But the date of the law coming into effect has yet to be disclosed
HSI - Movers February 9
Name
PAGE 2
Dateless completion No completion date, no estimated budget, says Raimundo Rosario, the Secretary for Transport and Public Works.Mr. Rosario presented the progress of LRT construction to the follow-up committee for land and public concession affairs of Legislative Assembly (AL). He told reporters after the closedoor meeting with the legislators that the government has no condition to make such prediction
www.macaubusinessdaily.com
PAGE
5
Regional cooperation
Alibaba goes mobile
The governor of Guangdong has noted the target for the provincial government this year. To deepen trade liberalisation terms and financial co-operation with the two SARs. Zhu Xiaodan also said he expected the neighbouring region’s economic growth rate to hit 7.5 pct for 2015
Jack Ma’s company has acquired a stake in Meizu Technology. A Zhuhai-based mobile phone maker. In this way, Alibaba will have its own cell phone running its own operating system. Setting up its next business step for the Hangzhou firm
TPG among various private equity firms considering acquiring a stake in Cirque du Soleil
PAGE 4
PAGE 9
Page 6
%Day
Lenovo Group Ltd
3.13
China Overseas Land
2.40
BOC Hong Kong Holdin
1.10
China Shenhua Energy
0.97
China Unicom Hong Ko
0.94
Hengan International
-2.04
China Mengniu Dairy
-2.48
Wharf Holdings Ltd/T
-2.69
Galaxy Entertainment
-2.91
Want Want China Hol
-3.38
Source: Bloomberg
I SSN 2226-8294
Brought to you by
2015-2-10
2015-2-11
2015-2-12
13˚ 19˚
14˚ 20˚
14˚ 20˚