Macau Business Daily October 7, 2015

Page 1

MOP 6.00

MGTO promotes Macau as a business travel destination in Thailand

Closing editor: Joanne Kuai

Page 2

U.S. government probes alleged UN bribery scheme Page 5

Stock market analyst recommends joining Macau casino rally Page 16

Publisher: Paulo A. Azevedo Number 893 Wednesday October 7, 2015 Year IV

Asian currencies see monetary defences challenged Page 11

Secretary Tam Defines Tourism Parameters More resources. More tourism products. Maintaining visitation numbers. This is the way forward, says Secretary for Social Affairs and Culture Alexis Tam Chon Weng. With details soon to be revealed to the Legislative Assembly. Adding in an exclusive interview that a universal smoking ban in casinos is non-negotiable. Although smoking lounges may be allowed, depending upon the operators’ proposals. And staff reaction Pages 6&7

Not on the horizon Dozens of Pearl Horizon homeowners have petitioned Gov’t HQ. Again. Pleading for help on a bureaucratic nightmare. Developer Polytex Corporation Ltd. says construction could be halted if the gov’t doesn’t extend land-use rights for the plot

China’s yuan has overtaken Japan’s yen. To become the fourth most-used currency for global payments. Whilst shrugging off a surprise devaluation to rise to its highest ranking ever. And boosting its claim for reserve status

www.macaubusinessdaily.com

Page 2

%Day

Sands China Ltd

+8.59

Galaxy Entertainment

+3.94

PetroChina Co Ltd

+3.04

China Mengniu Dairy C

+2.87

China Petroleum & Che

+1.58

CITIC Ltd

-2.74

China Unicom Hong Ko

-3.10

China Resources Enter

-3.12

China Overseas Land &

-3.19

Lenovo Group Ltd

-3.38

Cooling Down

A good first five days. The start of National Day Golden Week attracted some 789,438 visitors to Macau. An increase of 1.7 pct y-o-y. More than 85 pct hailed from Mainland China, up 6.5 pct y-o-y. Visitation since Monday, however, has been lacklustre

Page 2

Gaming

MIA has posted growth in passenger traffic and aircraft movements in the year-to-date. Passenger volume surpassed 4.3m, up 6pct. With aircraft movements up 7.5 pct y-o-y. Korean companies Jeju Air and T’Way Airlines plus Air Asia have new route plans from Macau International Airport

Name

I SSN 2226-8294

Page 8

MIA business climbing

October 6

Source: Bloomberg

Page 3

Yuan overtakes japanese yen

HSI - Movers

More than a ‘Lehman Moment’ Labelled Macau’s liquidity crisis. But more than a ‘Lehman Moment’, says equity research firm JL Warren Capital. Who believe that prospects will remain bleak this year and next. Saying 50 pct of junketoriginated VIP business and 25 pct of casinooriginated VIP business will disappear

Page 4

2015-10-7

2015-10-8

2015-10-9

25˚ 30˚

25˚ 30˚

25˚ 31˚


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.