MOP 6.00 Closing editor: Joanne Kuai Year III
Number 747 Thursday March 12, 2015
Publisher: Paulo A. Azevedo
Caution 101
I
t’s already been withdrawn in Hong Kong. But rumour has it, it may be introduced here. A high commission-paying investment-linked assurance scheme (ILAS) product. Dubbed the ‘101 Plan’ or ‘Harvest 101’. Hong Kong insurance authorities ban upfront commission payments on long-term policies. Chinese language newspaper The Sun reports that some insurance firms – licensed in both Hong Kong and Macau – are partnering co-brokers from Hong Kong to sell the plan in Macau to Mainland Chinese clients PAGE 3
General Weakness
Tightening the screws Beijing’s message is clear. Mainland officials should steer clear of Macau. This, according to the director of the Liaison Office of the Macau SAR, Li Gang. Who said their presence here is being monitored. He also urged a speedy conclusion to a criminal ‘repatriation’ agreement between the MSAR and the Mainland
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Investment, retail sales and factory output. A weaker than expected performance is fuelling a recurring idea. The gov’t may need to further stimulate the Chinese economy
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United, we stand
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HSI - Movers March 11
Vote of confidence A lone voice in the wilderness. Rating agency Fitch expressed an optimistic outlook for the gaming industry this year. Forecasting a revenue drop of only 4 pct. Which is significantly lower than the market consensus. Fitch cites solid balance sheets and deep war chests. It also subscribes to the healing power of a 2H rebound via two new Cotai properties
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Urban Planning Committee members are taking a position. And urging the gov’t to rule out ever more unified standards for old building planning. Cultural heritage would be better served if buildings in the same area are considered as a harmonious whole, they say
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2
Name
%Day
China Resources Ente
1.91
Hutchison Whampoa L
1.90
Link REIT/The
1.81
Henderson Land Devel
1.08
Wharf Holdings Ltd/T
0.37
China Resources Powe
-2.44
Lenovo Group Ltd
-2.92
Galaxy Entertainment
-3.42
Sands China Ltd
-3.55
China Shenhua Energy
-3.79
Source: Bloomberg
www.macaubusinessdaily.com
I SSN 2226-8294
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Tighter infant formula controls
CCAC: legal to Melco denies dismiss urban agreement planning secretariat with CSH PAGE 2
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Japanese yen needs to fall lower to help economy PAGE 12
2015-3-12
2015-3-13
2015-3-14
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