Macau Business Daily August 5, 2015

Page 1

MOP 6.00

Airport passenger volume up 3.6 pct in July

Closing editor: Luís Gonçalves

Local gaming market is glass half-empty, says GMA

Page 7

Page 6

John Au: Review tourism capacity amid gaming downturn

MGM China profit down 37 percent in 1H Page 7

Year IV

Number 850 Wednesday August 5, 2015

Publisher: Paulo A. Azevedo

Page 6

Financial Intelligence Office Clamping Down

Suspicious Transaction Reports. Macau’s gaming sector submitted 1,370 STRs last year. Representing 20 pct y-o-y increase due to the adoption of a new policy by casino operators. Due diligence and better control of funds transfers is highlighted by the Financial Intelligence Office in its 2014 annual report. The gaming sector accounted for over 75 pct of all suspicious transactions last year. Chips conversion triggered most STRs

Name

%Day +4.70

China Life Insurance C

+3.44

Sino Land Co Ltd

+2.39

Belle International Ho

+2.04

Banks charging ahead

China Shenhua Energy

+1.93

Li & Fung Ltd

-1.01

PetroChina Co Ltd

-1.47

HSBC Holdings PLC

-1.55

Two foreign banks. With local operations performing better than the rest of the economy. Bank of East Asia’s net profit declined 6 pct y-o-y to HK$3.42 billion during the first half. Meanwhile, Hang Seng Bank more than doubled its profit. Aided by the sale of its stake in Industrial Bank

Tingyi Cayman Islands

-2.96

China Mengniu Dairy C

-4.17

Page 4

Limiting short-selling China’s two stock exchanges. Both have announced new rules effectively restricting short-selling. A practice already at the centre of a regulatory and law enforcement investigation following a market rout

3

Source: Bloomberg

I SSN 2226-8294

In denial

Society wants answers. And so do legislators Ng Kuok Cheong and Au Kam San. The gov’t has a case to answer on its opaque land dealings, all say. A lack of grounds to proceed, says Legislative Assembly president Ho Iat Seng (pictured). Both parties cite the Basic Law

Page 5

Tourism www.macaubusinessdaily.com

August 4

China Resources Powe

Page

Page 8

HSI - Movers

Short-haul shot in the arm Despite everything. Macau remains one of the most popular short-haul destinations for Mainland Chinese. According to a report commissioned by international tourism trade fair ITB Berlin. Macau Hoteliers and Innkeepers Association, however, says the hotel occupancy rate for August may still post 5-10 pct fall

Pages 2&5

2015-8-5

2015-8-6

2015-8-7

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27˚ 34˚

28˚ 34˚


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