MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 769 Tuesday April 14, 2015 Year IV
Confirmed: Cap on Mainland visitors It’s the news everybody’s been anticipating. The quota of Mainland visitors allowed to visit Macau. The gov’t has settled on 21 million a year. To balance residents’ quality of life, sustain gov’t revenues, and leave room to attract international visitors. The Secretary for Social Affairs and Culture says the proposal has been submitted to the central gov’t. Alexis Tam added that the policy would remain in place until mega local and regional infrastructure projects are up and running PAGE 2
Immune
SunCity’s cultural and entertainment arm to move to Macau
No big deal. Frederick Yip Wing Fat, directorgeneral of the Macau Association of Retailers and Tourism Services, is confident. Hong Kong’s new curbs on visits made by Shenzhen residents will not overly impact Macau’s tourism and retail business. The city will, however, suffer the effects of the weaker retail climate. And softer spending power of Mainland Chinese visitors
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Sands China raises US$ 1 billion Page 7
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Crocodile Garments extends shares sell-off
Longer licences, please For the sake of stable development. Pansy Ho says the gov’t should renew the current gaming operators’ licences. The MGM China Co-chairman says Macau authorities should also extend the length of licences. So that corporations are willing to invest for the long term
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Export setback
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HSI - Movers
CAM to provide aviation maintenance
Surprisingly, China’s exports shrank. Some 15 pct in March. Deeply impacting gov’t growth forecasts. And probably triggering new stimulus measures
A new opportunity has presented itself. Macau International Airport (CAM) will be able to provide maintenance facilities to airlines flying to the city. CAM and Jet Aviation have sealed a 10-year concession deal. Whereby the latter will operate a new business aviation maintenance facility at Macau International Airport. The contract was approved by the Civil Aviation Authority of MSAR last week. Jet Aviation operations start in August 2015
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www.macaubusinessdaily.com
Triple fines on horizon Industrial accidents are on the rise. Thus, the Labour Affairs Bureau proposes tripling occupational safety violation fines. Seven fatal industrial accidents blighted the reputation of the city in 2014. DSAL concedes current fines are too low and guidelines outdated. Authorities imposed almost half a million patacas in fines last year on 83 construction sites
April 13
Name
%Day
Hong Kong Exchanges
19.44
Kunlun Energy Co Ltd
11.45
Bank of China Ltd
8.57
China Construction B
7.75
Industrial & Commerc
5.74
Belle International
-2.72
Tingyi Cayman Island
-2.77
Sands China Ltd
-2.82
Galaxy Entertainment
-3.78
Link REIT/The
-3.82
Source: Bloomberg
I SSN 2226-8294
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Estoril Hotel to become creative hub Page 2
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