MOP 6.00
Directors appointed for DSPA, GIT and GDI
Closing editor: Luís Gonçalves
Page 4
MGTO signs MOU with Shaoguan counterpart Page 5
Sinosky Energy loses MOP29.8 mln in 2014
Macau New Era accumulates losses of MOP1.46 million Page 4
Year IV
Number 821 Thursday June 25, 2015
Publisher: Paulo A. Azevedo
Page 5
Designs on Diversification The government is adamant. Macau has a future as a creative centre in Asia. But many of its preferred ‘service platforms’ are in their infancy. Enter the Cultural Industries Fund. So far it has approved seven service platforms worth MOP42 million to help smaller cultural creative businesses. Macau Design Centre is possibly the most prominent of the emerging ‘platformers’. It has just been granted MOP7 million for a two-year term Page
2
Fresh Start A new law firm. Founded by lawyer and appointed Legislative Assembly member Vong Hin Fai. Operations in the NAPE office commence July 1. Mr. Vong departed Rato, Ling, Vong, Lei & Cortés - Advogados, or Lektou, where he was a partner
Pessimism prevails
Chinese firms are not optimistic. In fact, they are the least upbeat among Asian businesses for the first time in nine quarters. A survey reveals that Asian companies’ optimism has shrunk overall. China’s performance and U.S. and E.U. uncertainties have tainted the business mood
Page 12
Brought to you by
Page 3
Busted flush It seemed like a shoe-in. But the avalanche of Chinese high-rollers has yet to materialise in Manila’s three casino resorts. The market value of operators like Melco Crown Philippines Resorts and Bloomberry Resorts has been shredded as investors flee. Making Philippine casino stocks among the world’s worst performers this year
Page 7
HSI - Movers June 23
That sinking feeling
Name
The demarcation of MSAR’s maritime boundaries. Not just to delineate jurisdiction says a Beijing academic. The Chinese Academy of Social Sciences scholar has made an astonishing proposition. Develop a deep water port, he says. The idea is to nurture marine tourism to build a marine economy for Macau
Page 3
www.macaubusinessdaily.com
Toursim
Play your aces
%Day
Tencent Holdings Ltd
+3.54
China Resources Powe
+3.00
PetroChina Co Ltd
+2.71
Kunlun Energy Co Ltd
+2.42
CNOOC Ltd
+2.14
China Merchants Hold
-1.48
Li & Fung Ltd
-1.81
MTR Corp Ltd
-1.98
Power Assets Holding
-2.11
China Mengniu Dairy C
-5.75
Source: Bloomberg
Know your strengths, says Anna Leask. The Professor of Tourism Management at Edinburgh Napier University unequivocally advocates it as the way forward. For Macau that must mean gaming and World Heritage status, she suggests. Differentiation is the name of the game. While complementary tourism can work wonders, too
Page 6
I SSN 2226-8294
2015-6-25
2015-6-26
2015-6-27
26˚ 30˚
26˚ 31˚
27˚ 32˚