MOP 6.00
Xi Jinping in Seattle
Closing editor: Joanne Kuai
The Chinese President has arrived in the United States. Starting a weeklong visit. Meetings with U.S. business leaders are pencilled in. Plus a black-tie state dinner at the White House hosted by U.S. President Barack Obama. And an address to the United Nations
Year IV
Number 886 Thursday September 24, 2015
Publisher: Paulo A. Azevedo
Page 8
Golden Week Jitters
August visitor arrivals dropped 1.7 pct y-o-y to 3.03m. But average length of stay increased to 1.1 days. CEM hands back Nevertheless, travel industry reps anticipate a decrease of 10 to 20 pct of Mainland Chinese package two plots worth MOP6.39 million to government tourists for October’s Golden Week. Fierce regional competition from Japan and South Korea, Page 2 exchange rates, and the travel bug are cited as raining on Macau’s parade Page
3
QBE Insurance profit increases MOP2 million
Page 4
Further Consolidation Macau casino shares closed lower in Hong Kong. After analysts said gaming revenues had fallen 19 pct to MOP493 million (US$62 million) a day last week. Tighter rules on junkets are on the way. Which analysts believe will impact VIP volumes. And likely accelerate junket room closures
China’s factory PMI gauge advances weak performance in September
Page 10
Guangdong represents hopes and opportunities of evolving Chinese economy
Pages 8 & 9
Page 6
HSI - Movers
Regional
Deserting Island
Star Trek
A surprising development. Studio City has requested a hotel star downgrade. From 5-star to 4-star. Explained by operator Melco Crown as being ‘aligned with the Macau Gov’t policy of diversifying the hospitality and tourism industry offering’. Rental to the gov’t. however, remains unchanged at MOP9.06m p.a. once the resort is completed
Page 2
Officially 7 metres. Some say 20. Hong Kong has seen its reclamation of boundary crossing facilities just drift away. This, with regard to the Hong Kong-Zhuhai-Macau Bridge. Hong Kong authorities reiterate that reclamation of the artificial island faces delay. And is unlikely to be completed on schedule by end-2016
www.macaubusinessdaily.com
Page 4
Steering Clear The VW diesel car debacle. The local GM has downplayed the implications. The model in question is not in stock. The German vehicle manufacturer has come clean. Admitting it has equipped diesel cars with devices that can cheat official emission tests
Page 4
September 23
Name
%Day
China Resources Enter
+0.44
Hengan International
+0.40
CLP Holdings Ltd
-0.77
Cathay Pacific Airways
-0.94
Tencent Holdings Ltd
-1.13
China Merchants Hold
-4.61
CNOOC Ltd
-4.62
China Overseas Land &
-4.89
Kunlun Energy Co Ltd
-5.42
Galaxy Entertainment
-5.54
Source: Bloomberg
I SSN 2226-8294
2015-9-24
2015-9-25
2015-9-26
26˚ 32˚
26˚ 32˚
26˚ 31˚