Macau business daily, 2015 July 7th

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MOP 6.00

Macau suspect arrested in crackdown on illegal Zhuhai bookmaking

Closing editor: Luís Gonçalves

Page 5

Studio City enters MICE race Page 6

Exports of CEPA goods rise 9.8 pct in June

Local residents’ deposits increase MOP17.6 billion in one year Page 4

Year IV

Number 829 Tuesday July 7, 2015

Publisher: Paulo A. Azevedo

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Glass half full

Budgets to be kept to. That’s the general idea. With runaway spending on infrastructure ballooning out of all proportion something had to be done. Amendments to the law governing budget-making will apply to public finance plans for fiscal 2017. Giving oversight to the Legislative Assembly. While the LA will have no power to approve budgets, updates will be submitted more frequently. With transparency, hopefully, enhanced

Public service shuffle A bill establishing a regime for the contracting of public services. It’s expected to pass for legislation by mid-August. And seeks to amalgamate the current two types of non-permanent contracts of public servants into a new contract scheme. The ‘administrative appointment contract’

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Back to the future

Mega metropolis

It was once a famous air route here. Academics Harry Xia and Kevin Yu believe Macau has “clear potential”. To develop a gateway between Greater China and Portugal. Passengers flying from China to Lisbon more than doubled from 2012-14, they say. Giving Macau the opportunity to aggregate flights heading to the Iberian Peninsula

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One fifth of the global economy. A report issued by the Brookings Institute calculates the contribution made by Pacific Ocean cities. Chinese cities comprise more than half of the world’s biggest metropolises

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More flights for summer

HSI - Movers July 6

Name

Summer’s here. Which means extra flights. The Civil Aviation Authority of Macau (AACM) has approved 127 extra flights for the vacation period. Following requests from Air Macau and Tigerair Taiwan. Selected destinations include Mainland China, Thailand, Japan, Vietnam and Taiwan

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Gaming www.macaubusinessdaily.com

2

%Day

Wharf Holdings Ltd/Th

+0.77

Want Want China Hol

-0.37

Hong Kong & China Ga

-0.50

Link REIT/The

-0.55

CLP Holdings Ltd

-0.61

China Unicom Hong Ko

-5.52

Tencent Holdings Ltd

-5.54

China Resources Land

-6.71

Lenovo Group Ltd

-8.09

Hong Kong Exchanges

-9.55

Source: Bloomberg

First trip abroad

I SSN 2226-8294

Macau-based but open to opportunity. Casino operator Galaxy Entertainment Group is reportedly looking north. GEG is among the list of foreign bidders vying for two casino licences in South Korea, according to JP Morgan. Macau junket operator Suncity Group is also reputedly eager. Buy-in for consideration is at least 1 trillion won

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2015-7-7

2015-7-8

2015-7-9

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Macau business daily, 2015 July 7th by Business Daily - Issuu