MOP 6.00
All Change!
Closing editor: Joanne Kuai
Public bus operator Transmac will be the last. Following New Era and TCM in converting to a public concession contract. The bus operator hopes to seal the deal by January. And hopes initial gov’t financial aid will take the difference in past service fees into account
Year IV
Number 895 Friday October 9, 2015
Publisher: Paulo A. Azevedo
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Japan Emerges as Property Pick Japanese real estate is a rising pick for local residents. Because, say realtors, Japan is emerging from 20 C Y Foundation years of economic decline. Local specialist property agencies quote home unit prices starting from as low proposes changing name to Success Dragon as HK$200,000 (US$24,901). The high rental return rate is favourably compared with the MSAR. While the Page 2 local younger generation is identified as the prime buying force Page 5
Long awaited bottoming
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Tencent and Alibabasupported firms create an Internet giant
Investment bank Credit Suisse is optimistic. Predicting the worst of Macau’s gaming industry woes may have been left behind in Q3. Analysts say the quarter’s gross gaming revenues dropped 4 pct q-on-q. They note a better revenue mix from the higher margin mass market and slot segments. And successful ongoing cost savings measures
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Beijing is ready for economic challenges announced by IMF
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More international yuan The first phase. China International Payment System (CIPS) was officially launched yesterday in Shanghai. A milestone in the internationalisation of the Chinese currency. The system will enhance efficiency and increase global use of the yuan
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HSI - Movers
Natural born gamblers
October 8
Name
Chinese tend to gamble more. And like to try their luck in more than one casino. So say the authors of ‘An Analysis of Cultural Differences Effect on Tourist Behaviour in Macau’. The study advocates better promotion of non-gaming elements. Essential in attracting a wider tourism base, the authors say
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Retail
www.macaubusinessdaily.com
DSE to improve online trademark registration procedures
Bauhaus sales go through the wringer
%Day
Sino Land Co Ltd
+2.28
Sands China Ltd
+1.63
Galaxy Entertainment
+1.42
Power Assets Holding
+1.38
Hong Kong & China Ga
+0.80
China Unicom Hong Ko
-2.94
Tingyi Cayman Islands
-3.24
Belle International Ho
-3.67
China Resources Enter
-5.52
CNOOC Ltd
-5.99
Source: Bloomberg
I SSN 2226-8294
Clothing retailer Bauhaus’ same-store sales growth in Hong Kong and Macau has dropped 7 pct y-o-y. In the six months ended September 30. While growth in Taiwan and Mainland China dropped 18 pct and 2 pct y-o-y
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