Macau business daily, 2015 Aug 4

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MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 849 Tuesday August 4, 2015 Year IV

Gaming Revenue Rout Rolls On July gaming revenue results are out. Giving the gaming industry no reason to celebrate yet again. That said, July posted the fifth consecutive improvement in revenues. Austerity thus remains on the backburner for now, according to the Secretary for Economy and Finance. But gaming revenues continued to freefall, dropping 34.5 pct or MOP10 billion. Investors wait patiently for real stabilisation Page

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Construction workers’ daily wage growth slows in Q2

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Quarter of a million problem

Dragged down A key gauge of Chinese manufacturing activity has plunged to a two-year low in July. According to an independent survey announced yesterday. The latest data suggests the world’s second largest economy faces downward pressure in Q3

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HSI - Movers August 3

Junkets Junked

30 pct fewer junkets. That’s since 2013. The Association of Gaming and Entertainment Promoters of Macau says the city now has 60 fewer VIP gaming operators since then. 213 operators have been whittled down to no more than 148

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Interview www.macaubusinessdaily.com

Exports of CEPA goods drops 12.3 pct in July HSBC profits increase 10.6 per cent on back of HK earnings

It seemed like a good idea. But the celebrity kitchen area didn’t catch fire. And the Guangdong and Macau Branded Products Fair failed to reach its visitor target. Co-organiser Macau Trade and Investment Promotion Institute (IPIM) confirmed an attendance of over 128,000. Business matching sessions, however, lived up to expectations

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Sweet and Sour

The gov’t wants to cap the number of vehicles. But while it ponders the situation, the numbers keep growing. At the end of June, Macau had 243,966 registered vehicles. Or 4.9 pct more than a year ago

Lisboa Palace construction workers ‘sacked unreasonably’

Name

%Day

HSBC Holdings PLC

+1.94

China Resources Powe

+1.30

Hang Seng Bank Ltd

+0.44

MTR Corp Ltd

+0.14

Power Assets Holding

-0.14

Belle International Ho

-2.73

Galaxy Entertainment

-2.80

PetroChina Co Ltd

-2.86

China Life Insurance C

-3.33

China Mengniu Dairy C

-4.28

Source: Bloomberg

Cash Kingdom

I SSN 2226-8294

It’s rapidly found favour with locals and visitors alike. Ocean Kingdom received 30 pct more visitors Jan-July y-o-y. With the opening of another two new hotels the neighbouring island complex now offers almost 5,000 hotel rooms. In 2014, eight million people visited the amusement park

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2015-8-5

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Macau business daily, 2015 Aug 4 by Business Daily - Issuu