MOP 6.00 Closing editor: Joanne Kuai Year III
Number 748 Friday March 13, 2015
Publisher: Paulo A. Azevedo
Squeezing out the last drop
M
acau Water has registered a 10 pct increase in profits. Making MOP58 million in 2014. But the city’s sole water distributor is not satisfied. And has applied to the gov’t for an 11.8 pct increase in service fee. Twice the expected rate of inflation. Last year, the company requested a 16 pct hike but authorities only agreed to 6 pct. Executive director Felix Fan says water consumption is expected to decline this year. And that 2014 was “a year of harvest, a year of difficulties, and a year of growth” PAGE 3
Industry unravelling The garment industry. Once a mainstay of the territory. But greatly affected by Macau’s gaming boom. In Q4 2014, its external market declined 5pct. Almost 90pct of Macau’s garment exporters are expecting a bigger hit this quarter
Reversing out of a cul-de-sac
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An additional fee is now O.K. So says Transport Bureau director Wong Won with regard to on-call taxis. The issue was central to the former yellow taxis backing out of the market last year. The gov’t invited bids for 100 ‘special taxi’ licences in February
PAGE 2
Break in the clouds Yesterday’s news was a fillip. The issue of new loans is exceeding expectations. Dispelling the clouds of Wednesday’s depressing figures. Analysts warn, however, that seasonal reasons may be burnishing results
2
HSI - Movers March 12
Name
Take it or leave it Not our decision. SJM isn’t forcing staff to take unpaid leave, says Ambrose So. The chief executive chose to clarify an internal memorandum that went public. Saying the company has no plans to fire employees. Despite forecasting a 10 to 15pct decrease in gaming revenues in Macau this year. SJM will only apply for more gaming tables once construction of Lisboa Palace is completed
%Day
GAlaxy Entertainment
3.24
Bank of Communicatio
2.90
China Life Insurance
1.97
China Construction B
1.95
China Mobile Ltd
1.89
China Resources Ente
-1.61
Power Assets Holding
-1.66
China Mengniu Dairy
-2.36
Sun Hung Kai Propert
-2.44
China Resources Powe.
-3.23
Source: Bloomberg
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www.macaubusinessdaily.com
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Macau Literary Festival to kick off next Thursday PAGE 2
Birmingham’s Carson Yeung meeting call invalid PAGE 6
China to review Hong Kong visitors’ policy PAGE 8
Bank of Korea joins easing fever PAGE 11
2015-3-13
2015-3-14
2015-3-15
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