Macau Business Daily October 19, 2015

Page 1

MOP 6.00

3-tier U-turn

Closing editor: Joanne Kuai

It seemed like a good idea. Property management companies graded by capital. For greater transparency. But the gov’t has had second thoughts. The three-tier grading system will be dropped. The latest version of a draft bill will ostensibly avoid controversy with the industry

Year IV

Number 901 Monday October 19, 2015

Publisher: Paulo A. Azevedo

Page 5

Table-banging Briefing Temperatures are rising. The Secretary for Economy and Finance took exception to Steve Wynn’s acid remarks on the gov’t decision-making process. Made during the gaming magnate’s conference call with analysts late last week. The Secretary allegedly demanded a meeting yesterday, Sunday. To be attended by Wynn Resort’s top elements. With the purpose of explaining and reaffirming gaming table allocation policy. While reminders of the government’s legal executive powers regarding the importation of nonresident workers were thrown in for good measure Page 3

Transport and communications receipts soar Page 2

Sands China loses CFO Page 2

Gaming revenue plunged 34.4 per cent during Q3 Page 3

Brought to you by

HSI - Movers

Golden age Embarking upon a “visionary relationship”. Today, Chinese President Xi Jinping starts a four-day visit to the United Kingdom. The presence of the president serves to reinforce the good relations between both countries. To the extent that a golden age is unfolding, according to British Prime Minister David Cameron and China’s ambassador to Britain www.macaubusinessdaily.com

Pages 8 & 9

More public housing Six plots of land in Macau, Taipa and Cotai. To support 4,600 public housing units. The policy was clarified over the weekend by representatives of the Land, Public Works and Transport Bureau

Page 5

October 16

Name

%Day

AIA Group Ltd

+3.36

Wharf Holdings Ltd/Th

+2.92

Bank of Communicatio

+2.42

Sun Hung Kai Propertie

+2.31

China Resources Enter

+1.73

Belle International Ho

-2.33

Lenovo Group Ltd

-2.49

China Mengniu Dairy C

-2.67

China Resources Powe

-2.83

Interview

Galaxy Entertainment

-3.44

Harnessing the Net

Source: Bloomberg

Where to spend the cash? Austerity measures had not yet been announced. But the gov’t had only used 58 pct of the cash it was supposed to invest by year-end. Today, some 36.83b patacas reside in the public coffers. Awaiting worthy projects and causes to be spent on

Page 4

The Chinese economy is slowing. But travellers still prefer high-end hotel accommodation when travelling, says Rachel Lu. In an exclusive interview with Business Daily, the senior director of International Business Development of China’s most popular online travel agency explains trends and tastes. And how a search engine business has blossomed into much, much more

Pages 6&7

I SSN 2226-8294

2015-10-19

2015-10-20

2015-10-21

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Macau Business Daily October 19, 2015 by Business Daily - Issuu