MOP 6.00
Tourism study surprise
Closing editor: Joanne Kuai
Irritable residents. A study says locals are irked by the growing number of tourists. Who are equated, it is claimed, with the deteriorating living environment. The population engaged in the sector understandably express less resentment. But continuing negative attitudes could undermine the main driver of Macau’s economy
Year IV
Number 865 Tuesday August 25, 2015
Publisher: Paulo A. Azevedo
Page 2
Social Welfare Bureau Bows to Audit Criticism
Conflicting standards. Oral orders trumping written instructions. Poor monitoring and supervision of Consumer Council financial aid. The Audit Commission pulled no punches in its condemnation of the Social Welfare resolves flight cancellation disputes due to MERS Bureau. Saying uneven evaluation and administration had caused financial hardship for some Page 4 residents. The criticism was accepted. With resolutions to improve the system Page
3
Growing Business
Alvin Chau folds financial services business into GEM-listed firm
Page 6
Chinese farmers allowed to use property as collateral for loans
The life insurance sector grew 72 pct y-o-y in H1. Amounting to MOP5.65 bln in gross premiums. Meanwhile, claims totalled MOP1.3 bln, an increase of 37.9 pct y-o-y
Page 8
Current times hold similarities to 1994 crisis
Page 10
Page 4
Nightmare on Monday China’s stock markets slumped again yesterday. Giving up all their gains for the year on a massive sell-off that dragged down regional markets. Chinese markets plunged more than 9 per cent during the day
Page 8, 9 and 16
HSI - Movers August 24
Mixed Signals
The gov’t has to pay MOP200 mln compensation to Macau Cable TV. Because it failed to forbid antenna companies from illegally retransmitting TV signals. MCTV suffered losses of MOP238 million. But a ‘discount’ was made because of belated action and a conflicting shareholder
Page 5
%Day
CITIC Ltd
+0.29
Belle International Ho
-1.57
Link REIT
-1.75
China Unicom Hong Ko
-2.03
Bank of East Asia Ltd/T
-2.06
China Mobile Ltd
-7.93
Galaxy Entertainment
-8.02
CNOOC Ltd
-8.16
Tingyi Cayman Islands
-10.86
Kunlun Energy Co Ltd
-17.99
Source: Bloomberg
Gaming www.macaubusinessdaily.com
Name
Downsizing
I SSN 2226-8294
More layoffs. According to gaming labour union Forefront of Macau Gaming. Which claims junket operator Jimei has laid off employees with or without justification. An independent non-executive director of Jimei says ”cutting human resources is the trend” among local gaming promoters
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2015-8-25
2015-8-26
2015-8-27
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27˚ 33˚
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