Macau business daily, Mar, 10, 2015

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MOP 6.00 Closing editor: Joanne Kuai Publisher: Paulo A. Azevedo Number 745 Tuesday March 10, 2015

Construction site safety record worsens

M

Year III

ore accidents on Macau worksites. And mostly on Cotai projects. Several incidents have been fatal. Machinery handling issues, overwork and lack of stringent internal safety check-ups are blamed. And laid at the feet of the main contractors on casino-resort construction sites. An industry representative suggests the gov’t clarify legal responsibilities. And better guarantee worker safety. Some 900 workers were injured last year, while seven fatalities occurred PAGE

3

Sands China to increase salaries PAGE 6 Genting HK expects to gain US$218 mln from disposal of cruise business PAGE 7 NPC mull easier business processes PAGE 9

Yuan internationalization nearer PAGE 10

Bridge over troubled waters

HSI - Movers March 9

A Guangdong official says maybe 2020. The projected completion date of the Hong Kong-Zhuhai-Macau Bridge. But still a “difficult target” he says. He conceded, too, that the mega project’s current HK$132.9 billion has been blown out of the water. More updates in October. A new schedule for the bridge is expected to be revealed then following “an assessment” PAGE 2

Ruling out the copycats

Rumour mill

Stricter laws for electronic commerce. The Chinese government wants to prevent the sales of imitations. This, in the wake of talks with Alibaba’s Jack Ma on a very hot potato

Just rumours. And they should be ignored, says Liaison Office head Li Gang. He was referring to speculation on the interim review of the gaming industry in Macau. He acknowledged, however, that the MSAR had entered a period of middlespeed development. And that regional gaming competition is affecting the territory. He also touched on tourism numbers. Saying they cannot grow without limit

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Name

%Day

Li & Fung Ltd

2.15

Ping An Insurance Gr

1.70

China Construction B

1.29

Belle International

1.23

China Life Insurance

1.13

HSBC Holdings PLC

-1.77

Power Assets Holding

-1.84

Hang Seng Bank Ltd

-1.91

Lenovo Group Ltd

-1.96

Galaxy Entertainment

-2.25

Source: Bloomberg

I SSN 2226-8294

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Macau business daily, Mar, 10, 2015 by Business Daily - Issuu