Macau business daily, 2015 July 15

Page 1

MOP 6.00

Co-location arrangements not possible for Border Gate Monthly parking ticket scrapped for new public car parks Page 5

China’s credit warming up

Philippines suffering contagion from Macau gaming slowdown Page 7

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Banking on our Neighbours

Year IV

Number 835 Wednesday July 15, 2015

Publisher: Paulo A. Azevedo

Closing editor: Luís Gonçalves

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It’s one of the healthiest sectors in Macau. With credit, deposits and profits growing exponentially despite the recession. Now local banks are smiling even more. A new policy announced yesterday permits companies in the Hengqin and Nansha areas to borrow money from Macau and Hong Kong banks. Bank of China Macau says it loaned almost 600 million yuan to five companies yesterday. Guangdong Free Trade Zone now has almost 15,000 potential new clients for Macau banks Page

2

Say, what? It would be quite a revolution. Two local academics suggest nixing the city’s gaming monopoly. Claiming it’s needed to avoid capital-exodus from the Mainland. Macau Polytechnic Institute Prof. Li Sheng and Institute for Tourism Studies Assist. Prof. Weibing Zhao anticipate flak. But believe the gaming market is underutilised in Mainland China. And that gambling should be legalised to avoid the loss of national wealth

HSI - Movers July 14

Name

%Day

Sands China Ltd

+4.85

Galaxy Entertainment

+3.81

Cheung Kong Property

+3.25

Hengan International

+3.10

MTR Corp Ltd

+1.87

China Unicom Hong Ko

-2.09

China Shenhua Energy

-2.15

Hang Lung Properties

-2.42

Hong Kong Exchanges

-2.50

Lenovo Group Ltd

-3.25

Source: Bloomberg

I SSN 2226-8294

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Sales warming up Summer’s here. And Air Macau is responding. The city’s flag carrier says bookings for its current flight routes already exceed 70 pct. Sales are likely to top last year for every route, the company said. With major regional cities the favourite vacation draws

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Start me up

Entrepreneurs never had it so good. The gov’t is mulling extending hefty interest-free loans to local firms starting up outside the city. The gov’t also plans to invite Mainland authorities to explain Guangdong’s Free Trade Zone policies to local business dynamos

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www.macaubusinessdaily.com

Tourism

Time out for tourist prices Tourist prices have posted the slowest growth in 12 years. In Q2 2015, accommodation prices dropped almost 30 pct from the previous quarter. The 3 & 4-star segment was the most affected. The rise in tourist prices is slowing for the fourth consecutive quarter

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2015-7-15

2015-7-16

2015-7-17

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