Macau business daily, 2015 July 29

Page 1

MOP 6.00

Gucci sales in HK and Macau remain weak

Closing editor: Luís Gonçalves

Page 5

Hengqin mulling shorter ‘negative list’ Page 3

Lippo, HKC complete share disposal of Macau Chinese Bank

Guangdong-Macau Branded Products Fair eyes Chinese market Page 2

Year IV

Number 845 Wednesday July 29, 2015

Publisher: Paulo A. Azevedo

Page 5

Society’s

Shame

Human trafficking. Macau has its fair share. Primarily a destination rather than a source, says a U.S. report. The MSAR has made ‘significant efforts’ but falls short on victim protection. The U.S. State Department’s Office for Monitoring and Combating the Trafficking in Persons says this is because the gov’t does not fully comply with international standards. Prosecution, as well as protection, are identified as the city’s primary weaknesses

July 28

Name

%Day

China Resources Enter

+2.94

CNOOC Ltd

+2.67

AIA Group Ltd

+2.65

PetroChina Co Ltd

+2.01

Slowing but still sliding

China Mengniu Dairy C

+1.94

Swire Pacific Ltd

-0.96

Lenovo Group Ltd

-1.26

Month-end means prediction time. Sterne Agee CRT predicts a 35 pct drop in gaming revenues for July. Down on its previous estimate of 32.5 pct. If confirmed, it would mark the fifth consecutive ‘less bad’ month in y-o-y growth results. A trend, it is believed, that could continue through the remainder of the year

China Overseas Land &

-1.78

Ping An Insurance Gro

-2.44

China Resources Land

-2.73

Page

3

Source: Bloomberg

I SSN 2226-8294

Page 6

Oiling the wheels Blue Card holders. Always the touchstone for debate. The number of Blue Card holders in the city, non-resident workers, increased 16.2 per cent y-o-y to 180,523 as at endJune. Mainland China supplied 117,316, while 23,152 Filipino nationals toil here. Construction and hotels & restaurants dominate with a share of around 25 pct each, while domestic helpers account for 13 pct

Page 2

Bus stop sign

Motor vehicle taxation. Last looked at a long time ago. Rapid development now makes it a necessity. The Transport Bureau (DSAT) says revisions will be submitted to the Legislative Assembly in Q3. Tax exempt tourist buses are in the firing line. But Macau Travel Industry Council President Andy Wu Keng Kuong says the expense will only be passed on to tourists. Up to 70 pct of the vehicle’s price comprises tax, he said

Page 4

China www.macaubusinessdaily.com

HSI - Movers

Suspicious Sales The China Securities and Regulatory Commission. It’s investigating Monday’s share dumping. When Chinese markets suffered their worst single-day plunge in more than 8 years. Shares continued falling yesterday while authorities tried to calm the markets

Page 8

2015-7-29

2015-7-30

2015-7-31

27˚ 32˚

27˚ 31˚

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Macau business daily, 2015 July 29 by Business Daily - Issuu