MOP 6.00
Junket association maintains pressure for smoking lounges
Closing editor: Luís Gonçalves
City University of Macau pays MOP163,000/month for UM residential area
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Macau International Airport passengers increase 6.6 per cent in 1H
September 3 a mandatory holiday Page 3
Year IV
Number 828 Monday July 6, 2015
Publisher: Paulo A. Azevedo
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Smoke Signals
There’s little doubt. Odds are the Legislative Assembly will legislate a full smoking ban in casinos. Likely effective New Year’s Day. Deutsche Bank calculates the industry will drop US$3.4 billion (MOP27.1 billion) in revenues in 2016. Instead of an increase of 2.2 pct originally penciled in, gaming take could fall 5.6 pct if smoking is universally prohibited in casinos. The junket sector, in particular, is fighting a public battle to be allowed VIP smoking lounges
Finally approved Finally, the green light. The Legislative Assembly has passed the city’s very first minimum wage bill. Although some legislators perceive it to be unfair. By setting different amounts for hourly and daily-based wages. And only benefiting some 4,650 workers. The current bill applies only to cleaning and security workers. But will likely serve as a basis for other jobs
Entrepreneurial spirit
The gov’t is investing in young entrepreneurs. The Young Entrepreneurs Aid Scheme granted MOP109.7 million (US$877.6) to 457 local SMEs as of June 30. Retail, food & beverage and wholesales businesses were at the head of the queue
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Softly, softly China’s stock markets. Could be a make-orbreak week. This, after officials rolled out an unprecedented series of steps from different actors at the weekend to prevent a fullblown stock market crash. Threatening the world’s second-largest economy
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Expanding possibilities
HSI - Movers July 3
Name
More innovation from Macau Pass. Local shops and restaurants installed with Macau Pass card reading terminals can now apply to
upgrade them. To accept payments made by Alipay Wallet mobile app and UnionPay QuickPass cards
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Interview www.macaubusinessdaily.com
Page
%Day
Link REIT/The
+1.10
Industrial & Commerci
+0.98
CLP Holdings Ltd
+0.84
CNOOC Ltd
+0.73
Sands China Ltd
+0.68
Lenovo Group Ltd
-2.84
Ping An Insurance Gro
-2.85
Hong Kong Exchanges
-3.28
Tingyi Cayman Islands
-3.30
China Resources Land
-4.02
Source: Bloomberg
Catching up
I SSN 2226-8294
Automation is Macau’s future. According to local IT company TechNet founder PC Wong. Tying up with Hitachi is a step-by-step process, he tells Business Daily. Bringing automation technology first to Macau’s banking industry. Macau is facing critical IT challenges, he says. And lagging far behind its peers in the region thus the only way forward is automation
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2015-7-8
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