MOP 6.00
China developer Lander changes portfolio, focus on sports business
Closing editor: Joanne Kuai
Page 4
Investors’ ultimate technique for China: ‘Follow the leader’ Pages 8 & 9
Yuan has to renounce privileges in search for freedom Page 10
Year IV
Number 860 Wednesday August 19, 2015
Publisher: Paulo A. Azevedo
Studio City unveils brands set to open shop on the Boulevard Page 7
Paradise Lost
A devastating bomb blast in Bangkok. Threatening to topple its crown as second most visited city in the world this year. And severely dent the economy. The Hong Kong Gov’t has issued a red alert for the Thai capital. While Macau’s Tourism Crisis Management Office urges residents to adopt caution in travel plans for Thailand. The impact on bookings has yet to feed back to Macau-Bangkok airlines Pages
2&3
Political Ploy Austerity. A loaded word in most parts of the world. But somewhat out of context in Macau, say economists. Who believe austerity Macau-style is more of a political message. They emphasise that the city’s finances are still in good shape
HSI - Movers August 18
Name
%Day
China Resources Powe
+4.08
China Unicom Hong Ko
+0.58
MTR Corp Ltd
+0.55
Link REIT/The
-0.23
Tingyi Cayman Islands
-0.26
China Life Insurance C
-3.00
China Merchants Hold
-3.02
Ping An Insurance Gro
-3.04
Belle International Ho
-4.16
Lenovo Group Ltd
-5.81
Source: Bloomberg
I SSN 2226-8294
Page 7
Neighbours
www.macaubusinessdaily.com
Macau New Neighbourhood. The Macau and Hengqin administrations propose a residential area. Explicitly for Macau senior resident care and educational facilities. Authorities say the plan is still in the initial discussion stage. With approval and instruction from central gov’t critical
Road tax to increase
Road tax is to increase next year. In order to control the number of vehicles in the city. The gov’t hasn’t yet disclosed the intended range of increase. Meanwhile, new contracts with bus operators TCM and Transmac in the hopper
Page 5
Page 4
Gaming
Soft Landing
Port in a storm
China’s housing market continues to recover. New home prices dropped in fewer cities for a fifth month in July. Amid increased market confidence and lower interest rates
Hong-Kong based Success Universe predicts a loss for the first half. Due to the poor performance of casino-resort Ponte 16 in Macau. Compared to a profit attributable to owners of HK$47.7 mln in the same period last year, when increased number visitors boosted the mass market
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2015-8-19
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2015-8-21
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