Closing editor: Luís Gonçalves
MOP 6.00
Walking on air A record year is on the cards. Local airport operator Macau International Airport Company Limited (CAM) forecasts 5.73 million pax for 2015. Driven by a sterling first half performance. More than 55,000 flight movements are predicted, according to CAM chairman Ma Iao Hang
Year IV
Number 843 Monday July 27, 2015
Publisher: Paulo A. Azevedo
Page 5
Mid-teen crisis Economic uncertainty continues. With the city’s downturn expected to extend to 2H 2015. GDP is forecast to decline about 15 pct for the year, the Monetary Authority of Macau predicts. The anticipated slower 10-13 pct from now until the end of the year is largely dependent upon the future performance of the gaming industry. Which is expected to post a milder y-o-y dip due to lower comps and increased promotional efforts Page
5
AIA profit surges 41 pct, AXA suffers losses Page 4
Traffic congestion. The fourth connection between the Peninsula and Taipa. And floodgates for reclaimed areas. These were the interconnected hot topics of last Friday’s session of the Legislative Assembly. A restructuring of Macau’s road network and the creation of an Outer Circular are part of the Master Plan
Steady job The Mainland job market remained stable. While an industry poll returned weak figures again. Unemployment in urban areas stood at 4.04 pct at the end of June
Page 9
HSI - Movers July 24
Down to the wire
Name
It’s not academic anymore. The Secretary for Economy and Finance warned that July gaming revenues may dip below the MOP18.35 billion gov’t redline. Consequently, authorities may start tightening expenses and subsidies from August. Social benefits will remain unaffected. But austerity measures will bite deep into government departments
Page 5
Interview www.macaubusinessdaily.com
Macau nabs 332 illegal workers as at June Page 3 Galaxy buys stake in Monaco casinos operator as Macau slumps Page 8
Master Plan, Perhaps
Page 2
Gov’t to abolish IACM’s culture, leisure & sports functions Page 4
%Day
Sands China Ltd
+1.50
China Resources Enter
+0.62
Li & Fung Ltd
+0.33
CLP Holdings Ltd
+0.31
Galaxy Entertainment
+0.29
Tingyi Cayman Islands
-1.92
Tencent Holdings Ltd
-1.94
Want Want China Hol
-2.15
China Merchants Hold
-2.88
China Life Insurance C
-3.00
Source: Bloomberg
Finance Central There are opportunities galore. And local banks should profit from them. The regional market awaits the bold, says the Chairman of the Macau Association of Banks. Ip Sio Kai stresses to Business Daily that the city’s banks could credibly evolve as a regional financial centre. Participating in crossborder financing Sino-Portuguese businesses. And tapping into China’s Free Trade Zones
Pages 6&7
I SSN 2226-8294
2015-7-27
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