Closing editor: Luís Gonçalves
MOP 6.00
Job generator He remains optimistic. Secretary for Economy and Finance Lionel Leong Vai Tac cites his faith in the non-gaming sector to generate jobs. Linked to the big casino properties scheduled to open soon. The employment environment here is still “healthy”, he insists
Year IV
Number 847 Friday July 31, 2015
Publisher: Paulo A. Azevedo
Page 2
Future Shock
The next decade will be revealing. Even pivotal. Macau’s population will increase 17.5 pct to 750,000 souls. Or 110,000 more than the current residents here, says the Policy Research Office. A rapidly ageing population and a diminishing local labour force lie in wait. Exacerbating the current balance between labour demand and supply. The city can handle it, says Office Director Lau Pun Lap. But the stars, the planets and policy will have to align fortuitously Page
3
Page 5
OTC shares Shenzhen and Shanghai stock markets are dominating the news. But Chinese investors and companies enjoy what is known as the New Third Board. An over-the-counter exchange where shares are freely traded. And is dealing better with the slump
Page 16
Merchandise exports increase 17.6 pct in June Page 6
Float like a butterfly, sting like a bee
Wynn Resorts has taken a body blow. Operational profit in Q2 plunged 36.8 pct. Primarily driven by main market Macau’s weak performance. Profits here dropped 43.5 pct; and 23.5 pct in the US. CEO Steve Wynn remains “sanguine”. Confident that smoking lounges will continue, and that the Wynn Palace opening on March 25 will bolster his premium patron business
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Property www.macaubusinessdaily.com
Genting HK forgoes Korea casino to focus on cruises Page 8 As Macau heads toward Vegas-Style makeover, MGM seeks to adapt Page 9
Sunny side up Australia’s largest egg producer is arriving in the city. Via an exclusive distribution agreement signed with Century Food. Sunny Queen is entering the Macau and Hong Kong food markets, boosted by the recent ChAFTA (China-Australia Free Trade Agreement). Which scraps tariffs on agricultural products traded between the two countries
Package tour visitors drop 17.5 pct in June Page 5
LRT to serve Cecil Chao’s Coloane resort
HSI - Movers July 30
Name
%Day
Kunlun Energy Co Ltd
+2.68
China Resources Powe
+1.55
China Mobile Ltd
+1.06
China Resources Land
+0.94
CITIC Ltd
+0.88
Ping An Insurance Gro
-1.65
Industrial & Commerci
-1.83
BOC Hong Kong Holdin
-1.90
China Shenhua Energy
-2.27
China Life Insurance C
-2.53
Source: Bloomberg
I SSN 2226-8294
Step by step. Hong Kong businessman Cecil Chao Sze Tsung’s residential and hotel project is moving albeit slowly. The Seac Pai Van, Coloane complex could abut an LRT extension. Public works officials are edging towards a green light
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2015-7-31
2015-8-1
2015-8-2
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