MOP 6.00
James Packer’s Sydney mansion sets property sales record
Closing editor: Joanne Kuai
Property developers return to asset securitisation market following government measures
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China’s iron ore trading platform mulling asking for deposits PAGE 10
Year IV
Number 852 Friday August 7, 2015
Publisher: Paulo A. Azevedo
Astro Air to launch Shenzhen-Macau helicopter flights PAGE 4
Credit Guarantee Fund Bill Passes A credit guarantee fund. With an initial pot of MOP160 million plus an annual 5 pct from employers’ non-resident workers’ fees. Up and running in law on January 1. Secretary for Finance and Economy Lionel Leong Vai Tac said the gov’t would effectively act as creditor. With offending employers pursued by the administration for outstanding monies PAGE
5
Bullish outlook Paradise Entertainment forecasts a loss for the six months ended June 30. But the gaming equipment maker’s boss remains bullish. Jay Chun believes long-term prospects for its gaming machine sales are good. Both domestically and further afield
July wipes out June hopes
June’s sweet figures fanned hopes of a recovery. But may prove to be an economic mirage. China’s July perspective is growing grim. And next weeks’ data might prove to be the tipping point for yet further stimuli
PAGES 8 & 9
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temporary respite Gold prices hit a 5-year low this week. Enough to get aficionados in the SARs into the shops. But jewellers are still facing multiple challenges. With the stock market crisis and harsh shop rents knocking confidence
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HSI - Movers August 6
Name
Melco Crown down 24 pct An unrelentingly challenging environment. Melco CEO Lawrence Ho gives it straight to investors. Melco Crown Entertainment Ltd. reported net income for 2Q of some US$916.08m. Down about 24 pct from 2014’s y-o-y US$1.199 bln. Ho also said he would be “very concerned” if the project didn’t get the 400 new tables requested
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www.macaubusinessdaily.com
POLITICS
%Day
MTR CORP LTD
+1.73
BELLE INTERNATIONAL HO
+1.38
CK HUTCHISON HOLDINGS
+0.97
SANDS CHINA LTD
+0.58
CATHAY PACIFIC AIRWAYS
+0.55
TINGYI CAYMAN ISLANDS
-2.40
KUNLUN ENERGY CO LTD
-2.47
POWER ASSETS HOLDING
-3.29
CHINA RESOURCES POWE
-3.80
LI & FUNG LTD
-4.20
Source: Bloomberg
land swap saga
I SSN 2226-8294
A tangled web. The defunct Firecracker Factory in Taipa, a plot near the Taipa Houses Museum, and ZAPE waterfront now occupied by One Central and Mandarin Oriental. What started out as simple land swaps have taken on a life of their own. The principal players are the gov’t, local businessman and casino boss Sio Tak Hong, and Shun Tak Holdings Ltd.
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2015-8-7
2015-8-8
2015-8-9
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