Macau business daily, Mar, 17, 2015

Page 1

MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 750 Tuesday March 17, 2015

Taxi App Kuaidi to enter Macau in June

S

Year III

haking up the taxi service. Maybe. China’s leading car transportation App sees a business opportunity in Macau. Taxi App Kuaidi, backed by tech giant Alibaba, is launching its mobile taxi hailing services here in three months. The company believes its service would mean a “significant improvement” in efficiency. Not to mention the death-knell of traditional on-call taxi services. Within 18 months, the company has carved a 30 pct niche out of the Hong Kong market PAGE

Forced to shop

6

Quarter of Umac graduates opt for gaming and hotels

PAGE 7 Macau to establish outbound travel alert scheme

Reports of coerced shopping continue. In both Hong Kong and Macau. Guangdong tourism authorities say they’re receiving an increasing number of complaints from package tour clients. Travel agencies, many illegal, force them to shop and ignore the itinerary. Tourism Quality Control and Management Bureau Director Zhang Guohui says shoddy and counterfeit goods rub salt into the wound. Authorities are now preparing an educational campaign

PAGE 4 Govt proposes new timeframe for citywide minimum wage

PAGE 2 Crocodile results may drop 27 pct

PAGE 7

PAGE 5

HSI - Movers March 16

Greenback driving pataca to near 5-year high

www.macaubusinessdaily.com

It’s on a roll. In February, the pataca reached its second highest value since 2010. That’s against a basket of currencies of its main trading partners. Undermining exports but boosting imports. The local currency registered its seventh consecutive monthly increase last month. Pegged as it is to the strong US dollar via the Hong Kong dollar

Name

High five for pensions Pensions up 5pct. The gov’t proposes to raise the pension and several allowances in July. By a percentage close to inflation. Residents’ contribution level to the Social Security Fund, however, remains a bone of contention. Fund president Ip Peng Kun says the gov’t proposes to raise pensions, including for disabilities, by 5.35 pct; with unemployment allowance raised 5.51 pct. And allowance for births and marriages up 5.56 pct

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%Day

Ping An Insurance Gr

3.23

Belle International

3.17

China Mobile Ltd

2.70

Sino Land Co Ltd

2.24

China Life Insurance

2.24

Sands China Ltd

-1.44

MTR Corp Ltd

-1.55

China Resources Ente

-2.07

LHutchison Whampoa

-2.64

Wharf Holdings Ltd/T

-3.33

Source: Bloomberg

I SSN 2226-8294

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More hiccups

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Tax collection in China. Reduced in the first two months of the year. The housing industry continues to weigh down the Chinese economy

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2015-3-17

2015-3-18

2015-3-19

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