MOP 6.00
Crowne Plaza Macau slated to open in Q4
Closing editor: Joanne Kuai
AIIB still opens arms to U.S. and Japan
Page 2
Page 8
Tsingtao profit in Macau down 13.61m yuan in first half Page 4
Publisher: Paulo A. Azevedo Number 883 Monday September 21, 2015 Year IV
Newly reshuffled Australian cabinet includes more women Page 16
Interest Rate Increases on Horizon
Minimal impact says ICBC. The Industrial and Commercial Bank of China (Macau) Ltd. believes the US Federal Reserve will take modest steps only. Meaning interest rates will stay relatively low. And mortgages will be manageable. Interest rates are widely expected to creep up 0.25 pct this year. Gathering momentum in 2016. Fresh economic projections show 13 of 17 Fed policymakers foresee rising rates at least once in 2015, down from 15 at the last meeting in June Page
3
Junket jamboree over
Residential Rebound Mainland home prices increased for a fourth consecutive month in August. According to the National Statistics Bureau, prices inched up 0.3 pct on a monthly basis. And 1.7 pct versus a year ago
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Better regulation of junkets’ capital raising activities a necessity. Legislators and concessionaires agree. Hard on the heels of a junket company whose former employee allegedly embezzled HK$100 million ($13 million).
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Culturally Active More people into culture. Particularly men. According to the latest Statistics and Census Service data. Some 5,600 more people participated in cultural events in 2Q 2015 vs. a year ago. Going to the cinema (32pct) topped activities. Followed by visiting museums or World Heritage Sites (22pct). Or going to the library (21.8pct)
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A degree of confidence
“Human resources are enough for now”. So said Akiko Takahashi, Executive VP and Chief of HR of Melco Crown Entertainment. In the context of Studio City’s 27 October opening. No staff number was volunteered but last year’s reports cited a need for 8,000 personnel. Labour retention programmes are an integral part of the company’s strategy. Particularly with reference to advanced education
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Interview
www.macaubusinessdaily.com
Cut above the rest Local barbershop 2Legit owners share the philosophy of this dying craft with Business Daily. Barbering, they insist, is communitybased and gentleman-oriented. Nurturing a tradition of manners revolving around a uniform, classic men’s haircut. Finding a creative and cultural district to operate in was a masterstroke, they feel. Which continues to feed a passion going way beyond their original vision
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HSI - Movers September 18
Name
%Day
Sands China Ltd
+5.75
Cheung Kong Property
+4.69
Galaxy Entertainment
+4.07
Sun Hung Kai Propertie
+3.83
Belle International Ho
+3.72
Industrial & Commerci
-1.04
Hang Seng Bank Ltd
-1.16
HSBC Holdings PLC
-1.31
Lenovo Group Ltd
-2.44
China Resources Enter
-48.26
Source: Bloomberg
I SSN 2226-8294
2015-9-21
2015-9-22
2015-9-23
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