Closing editor: Joanne Kuai
MOP 6.00
Be water, my friend MOP5.12 per cubic metre of water supplied to users. But the gov’t is picking up the tab for the 4.28 pct hike. With consumers covered. Meanwhile, plans are afoot to build up the city’s water capacity
Year IV
Number 870 Tuesday September 1, 2015
Publisher: Paulo A. Azevedo
Page 2
Local Economy Contracts 26.4 pct
Even worse than the plunge in Q1. Macau’s Q2 GDP tumbled 26.4 pct. Meaning the local economy has Average home prices dipped to its lowest since 2011. Gaming services decreased 40.5 pct y-o-y. While the export of other decline 12.5 per cent in July tourism services dropped 21.5 pct. Domestic demand, however, remains stable. And merchandise exports Page 2 rose 25.6 pct. Gross gaming revenue has declined 14 consecutive months but green shoots are apparent Page
3
Page 4
Forced Hand
Machinery industry deeply affected by slowing economy
Up to 10 VIP gaming rooms have or will close. According to a junket trade association and gaming workers’ union, David Group is left with one VIP room in Wynn Macau. While Heng Seng Group went from 11 rooms and 700 staff to four rooms and around 100 staff. Bad debts and the slowing Chinese economy may trigger more closures
Page 8
Analysts believe China will issue new easing measures in December
Page 10
Page 5
Trade Confessions Xinhua agency has revealed a slew of confessions. Regarding recent Chinese stock market gyrations. Arrestees include inside traders from the regulator arm, executives from a brokerage, and a reporter
Page 9
Big Bang
HSI - Movers August 31
Name
Excited fans can hardly wait. S. Korean boy band Big Bang is performing in Cotai in October. But tickets sold out in hours. Leaving disappointed fans with little alternative but to go online. Ticket touts are charging up to five times the official price. In blatant and illegal speculation
Page 7
Tourism
Hotel Hopeful www.macaubusinessdaily.com
Milan Station’s interim sales in Macau drop 78.6 pct
Package group tours overall fell 22 pct in July from a year ago. With 19 pct less Mainland package tourists arriving in the period. But almost a million guests checked into hotels and guesthouses, up 4.6 pct y-o-y. Those from Hong Kong surged 44.6 pct, while Mainland China guests decreased 1.1 pct
Page 3
%Day
China Merchants Hold
+4.23
CNOOC Ltd
+4.00
Bank of Communicatio
+3.55
Cheung Kong Property
+3.23
China Mobile Ltd
+2.29
Cathay Pacific Airways
-2.23
Want Want China Hol
-2.34
Lenovo Group Ltd
-5.50
Galaxy Entertainment
-5.51
China Mengniu Dairy C
-5.57
Source: Bloomberg
I SSN 2226-8294
2015-9-1
2015-9-2
2015-9-3
24˚ 29˚
25˚ 30˚
25˚ 32˚