MOP 6.00
Wynn sues Ctrip.com
Closing editor: Joanne Kuai
Wynn Resorts Holdings LCC has sued China e-travel ticketing service Ctrip.com (Hong Kong) Ltd. For the latter’s alleged trademark infringement and unauthorised use of images of Wynn Macau Hotel. Their contract expired in September but Ctrip has continued using copyrighted photos
Year IV
Number 878 Friday September 11, 2015
Publisher: Paulo A. Azevedo
Page 4
Riding the Korean Wave S. Korean culture continues to fascinate. ‘Hallyu’ – the ‘Wave of Korea’ – continues to wash over I.T Limited announces the territory. Presenting business opportunities for the fleet of foot. Food, cosmetics, clothing and departure of CFO Page 2 electronics from the Hermit Kingdom are booming in the MSAR. Competitive pricing, excellent quality, the devalued won and a constantly evolving product mix tick all the right boxes. Yuan deposits in Hong Kong falling E-commerce and High Street shops are slugging it out Page
2
despite stabilisation
Page 8
Premier Li: Onshore currency market opening to foreign central banks
Bon Jovi jog on
Page 9
An abrupt cancellation of concerts on the Mainland. But iconic American band Bon Jovi are still scheduled to appear in Macau this month. The Beijing and Shanghai gigs were purportedly unplugged due to the band’s previous usage of an image of the Dalai Lama
Like it or not, Shanghai’s crude oil futures will be a global benchmark
Page 10
Page 4
HSI - Movers September 10
Risky Prices Consumer prices in China. They’ve hit the highest level this year. While deflation risks in industrial production loom larger. Signalling the need for continued easing policies
www.macaubusinessdaily.com
Page 8
Growing Industries
Name
China Resources Powe
-0.53
Macau’s receipts from industrial establishments. Up 15.2 pct y-o-y in 2014 to MOP10.91 billion (US$1.39 billion). Boosted by increased revenues from the food products and beverages manufacturing sector. The production of cement and concrete. And increased local power generation and natural gas supply
Cathay Pacific Airways
-0.57
China Resources Enter
-0.61
Sands China Ltd
-4.75
Lenovo Group Ltd
-4.82
China Resources Land
-5.02
PetroChina Co Ltd
-5.08
Economy
CNOOC Ltd
-6.58
Digging In
Source: Bloomberg
Page 5
Pessimism rules. With a leading financier and economist agreed on gaming’s poor prospects. Delta Asia Financial Group chairman Stanley Au Chong Kit believes the city’s economy won’t turn the corner for three years. While economist Ricardo Siu Chi Sen says the economic contraction is sure to remain for the rest of the year
Page 3
%Day
Cheung Kong Property
+0.53
CITIC Ltd
+0.43
I SSN 2226-8294
2015-9-11
2015-9-12
2015-9-13
26˚ 31˚
25˚ 30˚
24˚ 29˚