MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 752 Thursday March 19, 2015 Year III
A page turner
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ocal bookshops are feeling the heat. Taiwan’s biggest online bookstore - books.com.tw – has entered the Macau market. Applying further pressure on bookstores here. Its game-changer is its discount policy and speedy product delivery. Several bookstore owners are wary. As Taiwanese novels are popular. On the downside, some are bracing for a 20-30pct desertion by subscribers. On the other hand, some take it as a wake-up call. Either way, expect better service, and innovations from traditional stores PAGE
3 Macau law applied in Zhuhai for first time
Heeding the call
PAGE 4 China stocks break 15-year link with HK as rates diverge
Global Gaming Expo (G2E) Asia is back. Organisers say non-gaming sectors will be in the limelight. In particular, clubbing and entertainment. Conferences on the DJ profession, social media, and how to equip the clubs of tomorrow all figure in the expo. Not to mention everything to do with gaming
PAGE 7 Watch retailer Hengdeli profit up 26 pct in 2014
PAGE 4 Cuiheng to help diversify Macau economy
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Air Macau taken to task on fuel surcharges
HSI - Movers March 18
Name
Legislator Kwan Tsui Hang is adamant. Air Macau should account for its tardy adjustment of fuel surcharge. The territory’s flag carrier only lowered it last month. While most airlines around the globe did so mid-2014. When international fuel prices plunged by half. What does the city’s Civil Aviation Authority have to say, she asks.
www.macaubusinessdaily.com
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Home prices drop in metropolis Dropping like a stone. New home prices are getting cheaper and cheaper in China. Slower sales in February due to the New Year’s festival drove average prices down further. In the country’s biggest cities, owners – and buyers - saw 5.7pct come off
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%Day
China Resources Ente
4.62
Kunlun Energy Co Ltd
3.51
Galaxy Entertainment
2.23
Wharf Holdings Ltd/T
2.01
China Resources Powe
1.91
Cathay Pacific Airwa
-0.59
China Overseas Land
-0.69
China Resources Land
-0.70
Link REIT/The
-0.85
Want Want China Hol
-2.01
Source: Bloomberg
I SSN 2226-8294
Gearing up for gas It’s a gas. The Chairman of the Executive Committee of CEM has announced an innovative plan. The company will invest some MOP1.7 billion to generate electric power from natural gas. Total investment this year in Macau will be around MOP1 billion. The new wave of casinos is expected to increase power consumption. But the CEO says Macau’s economic momentum will determine just how much
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