Macau Business Daily October 20, 2015

Page 1

MOP 6.00

Vino Veritas

Closing editor: Joanne Kuai

During the first eight months of the year, Macau imported MOP809.23 million-worth of wines and champagne. Portuguese wines topped the volume market with 1.37 million litres. But took third place in terms of value at MOP43.15 million. France accounted for MOP639.76 million-worth of imported products. Occupying 79.1 pct of the total market

Year IV

Number 902 Tuesday October 20, 2015

Publisher: Paulo A. Azevedo

Page 4

ePrix Electrifies Competition Next year, Hong Kong will host ePrix. The world’s first fully electric racing series. MGTO Director Maria Macau-Portugal trade Helena de Senna Fernandes says the Macau Grand Prix has its own fan base. And a long established up 13 pct Jan-Aug history. Which will continue to attract a wide spectrum of spectators. A leading motorsports industry Page 2 insider concurs. Citing a host of differences in the events that fans will gravitate towards Pages 6&7

Invention patents fizzle The Economic Services Bureau (DSE) received some 3,417 applications for industrial property registration in Q3. Representing 0.73 pct drop y-o-y. On a y-o-y basis, applications for invention patents plunged 46.1 pct

Page 3

Gaming

Code of ethics

Security Fund secure

The gov’t promised an extra injection of MOP13.5 billion (US$1.69 billion). This for the city’s Social Security Fund (FSS) for 2016. However, the gov’t has yet to resolve one outstanding issue. Lack of consensus on the contribution ratio by employers and employees supporting the Fund

www.macaubusinessdaily.com

Page 2

Close to target China’s economy expanded quicker than economists forecast in Q3. With the services sector propping up the world’s second-largest economy. Keeping Premier Li Keqiang’s 2015 expansion target within reach

Page 10

Macau’s junket operators will meet with the gov’t. Regarding a code of ethics to improve the sector’s image. Damaged by alleged capital flight from junket operator Dore Entertainment. DICJ will meet representatives of VIP gaming promoters this week. To discuss accounting practice and financial reporting

Page 5

Salary complaints levelled against Beijing Imperial Palace Hotel Page 4 A more stable yuan provides room for monetary stimuli Page 8 Real estate investment cools to slowest rate since 2008 Page 10

HSI - Movers October 19

Name

%Day

China Merchants Holdi

+3.01

China Resources Powe

+2.08

China Mobile Ltd

+1.86

China Petroleum & Che

+1.57

Kunlun Energy Co Ltd

+1.37

Belle International Ho

-2.33

Lenovo Group Ltd

-2.49

China Mengniu Dairy C

-2.67

China Resources Powe

-2.83

Galaxy Entertainment

-3.44

Source: Bloomberg

I SSN 2226-8294

2015-10-20

2015-10-21

2015-10-22

21˚ 28˚

22˚ 29˚

22˚ 29˚


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