MOP 6.00 Closing editor: Joanne Kuai Publisher: Paulo A. Azevedo Number 746 Wednesday March 11, 2015
Gov’t grants four 4G licences
G
Year III
reat expectations. The gov’t has awarded four 4G licences. The technology is expected to deliver much faster data. Plus widespread Internet connection that far outstrips the capabilities of 3G. China Telecom hopes to introduce its service during Q3. While Hutchinson will launch its service in Q4. CTM and SmarTone have yet to announce their launch schedule. All companies are required to launch their service by year-end PAGE
Tragedy again Another fatal construction site accident has occurred. A mainland worker passed away at Galaxy Cotai Phase II yesterday. Both the company and authorities vow a thorough investigation. What more should be done to really raise safety awareness on Macau’s construction sites?
PAGE 2
Beware the Ides of March
3
HSI - Movers March 10
Name
Recovery is still not in sight. Many investment banks predict gaming revenues are likely to drop about 40 pct in March. With stock prices dropping accordingly. If so, it will be the worst quarter on record. SJM is expected to consolidate market share leadership this month. With Galaxy claiming second spot at Sands China’s expense
%Day
Belle International
4.62
China Merchants Hold
2.54
MTR Corp Ltd
1.90
Li & Fung Ltd
1.86
China Shenhua Energy
1.67
China Resources Ente
-2.53
Lenovo Group Ltd
-3.00
China Unicom Hong Ko
-3.29
Sands China Ltd
-3.71
Galaxy Entertainment
-4.75
Source: Bloomberg
I SSN 2226-8294
Brought to you by
JETCO to explore mobile services in HK and Macau PAGE 2
Guangdong Free Trade Zone to open March 18 PAGE 7
www.macaubusinessdaily.com
China’s inflation unexpectedly rebounds
PAGE 8
PAGE
5
Strong pataca, please
Baby boomer boomerang
China, Taiwan and South Korea. Overwhelmingly the most popular destinations for Macau tourists. Meanwhile, the weak euro is also tempting locals to Europe. The number of Macau tourists checking out the Continent has jumped 255 pct Y-O-Y
The consequences of an increasingly aged Chinese population. Now all too apparent during the recent national congress. The human resources minister says workers will need to put off retirement. In order to sustain the pension system
PAGE 2
PAGE 9
2015-3-11
2015-3-12
2015-3-13
14˚ 17˚
13˚ 16˚
15˚ 19˚