Macau Business Daily September 30, 2015

Page 1

MOP 6.00

Casino shares fall as junket firm sounds alarm on VIP gamers

Closing editor: Joanne Kuai

Page 7

China’s industry gauge poll shows economy still sluggish Page 8

Ferragamo CEO sticks to core profit guidance despite China slowdown Page 4

Publisher: Paulo A. Azevedo Number 889 Wednesday September 30, 2015 Year IV

India cut interest rate to 6.75 per cent yesterday Page 11

Gov’t Continues Admin Consolidation Process Streamlining through consolidation. Now it’s IPIM’s turn. To co-ordinate all tasks related to the promotion of the local MICE industry. Macao Trade and Investment Promotion Institute (IPIM) will soon assume tasks hitherto executed by the Economic Services and Tourist Office. Including managing funds for subsidy schemes supporting MICE organisers, buyers and exhibitors. The IPIM team will be bolstered, with no reduction in funding Page

3

Patane protesters fined Structural building problems. Now seven homeowners are paying the price. The Sin Fong Garden protesters have been fined for aggravated disobedience. The Court of First Instance imposed a penalty of MOP9,000 or 60 days in jail if payment is not made. The protesters are to confer with their lawyers. The building remains in lockdown

HSI - Movers September 29

Name

%Day

China Resources Enter

+0.14

CLP Holdings Ltd

-0.53

CITIC Ltd

-1.13

China Merchants Hold

-1.73

Power Assets Holding

-1.85

PetroChina Co Ltd

-6.49

Galaxy Entertainment

-6.98

China Petroleum & Che

-7.25

CNOOC Ltd

-7.69

Sands China Ltd

-9.35

Source: Bloomberg

I SSN 2226-8294

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Foot-dragging denounced All hands to the pump. That’s Beijing’s message regarding turning the economy around. Announcing yesterday that 249 officials have been punished. For not utilising their budget allocations in a timely manner

Page 9

Aug merchandise imports dip August merchandise exports hit MOP864 million. An increase of 19.4 pct y-o-y. While merchandise imports fell 3.8 pct in the period. To MOP6.87 billion. The Merchandise trade deficit amounted to MOP5.98 billion

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www.macaubusinessdaily.com

Gaming

The bigger they are... At least another two years of hard times. That’s the message from Macquarie Securities. The Australian company’s new report on the gaming sector in Asia reckons Macau will register the region’s greatest decline in Gross Gaming Revenues. Meanwhile, the Philippines, Australia and Malaysia are expected to make hay

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2015-9-30

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2015-10-2

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