MOP 6.00
Junket woes hit jewellers
Closing editor: Joanne Kuai
Traditionally a strong month for gold sales. But August has lost its sparkle. Local jewellers posted a much weakened retail performance. Macau Goldsmiths Guild say small-scale jewellery shops lost 20-30 pct sales y-o-y. While those reliant upon gamblers are down 70-80 pct. More low to mid-range priced products have been brought into the mix
Year IV
Number 874 Monday September 7, 2015
Publisher: Paulo A. Azevedo
Page 2
Fitch Rating: MSAR Outlook ‘Stable’
Chief Executive Chui Sai On is adopting a wait-and-see attitude. But not for too long. September’s AMCM: Total deposits financial figures will be crucial in deciding upon extended austerity measures. Fitch rating agency says down 2.3 per cent in July Page 2 such measures will impact the domestic economy. But maintains the MSAR’s ‘stable outlook’ and AArating. Reflecting ‘the territory’s exceptionally strong sovereign balance sheet and external position’ Lionel Leong Pages
3&4
confirms Jockey Club concession extension
Page 3
1,700 Opinions
Chinese banks results boosted by overseas activity
Everybody’s got an opinion. The Land, Public Works and Transport Bureau has received some 1,700 on reclamation Zone A and Zone B. Building heights. Penha Hill views. Traffic solutions. Public housing. And the fourth connection between Macau and Taipa. All hot topics – or potatoes, depending upon one’s perspective
Page 8
Market rout causes China-focused hedge funds to lose out to Japanese counterparts
Page 8
Page 4
G20 Talks Central bank heads. Finance ministers from the G20 group. All gathering in Turkey to discuss the world’s problems. The Fed’s rate hike and RMB depreciation top the list. Monetary policy is not enough to overcome sluggish global growth, it is agreed
Page 10
HSI - Movers September 4
EGM now a player
Name
Lenovo Group Ltd
+3.10
VIP and mass are suffering. But electronic gaming has recorded its largest share to date. Accounting for 5.7 pct of overall gaming revenues in August. Union Gaming analysts note the Electronic Gaming Market has topped HK$1bln vis-à-vis July’s take
China Merchants Hold
+3.07
Galaxy Entertainment
+2.83
China Construction B
-2.28
Wharf Holdings Ltd/Th
-2.53
Ping An Insurance Gro
-3.26
China Petroleum & Che
-3.41
PetroChina Co Ltd
-3.65
Page 5
www.macaubusinessdaily.com
Interview
%Day
Sands China Ltd
+5.91
Belle International Ho
+3.29
Source: Bloomberg
Salad Days
I SSN 2226-8294
Promoting a healthy, green lifestyle, Concept H offers vegetarian takeaways plus organic and fairtrade products. Shop proprietor Calista Chan told Business Daily that locals need to be coaxed into the concepts - but is sure demand is there. Located in a very ‘local’ neighbourhood, Concept H seeks to encourage the community to embrace the culture of living healthily and green
Pages 6 & 7
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2015-9-9
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