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The Macau Metro Monitor, December 23, 2011

SJM ANNOUNCES SALARY INCREASE Macau Business

SJM has announced a 5-10% pay raise for next year.  The percentage of the increase is based on salaries, with employees with lower salaries getting higher raises.  All SJM workers are entitled to the salary increase.  “With the implementation of the salary increase, bonus payout, welfare optimization and new rewarding system, we express our gratitude towards our employees and enhance the team spirit and loyalty,” said Louis Ng, SJM’s director and COO.

MACAU NOVEMBER VISITOR ARRIVALS DSEC

Macau visitor arrivals totaled 2,417,765 in November 2011, rising 20.1% YoY․  Visitors from Mainland China surged by 33.2% YoY to 1,460,992 in November 2011, with the majority coming from Guangdong Province, Fujian Province and Zhejiang Province.  Mainland visitors traveling to Macau under the Individual Visit Scheme totaled 561,070, up by 28.3%.

THE M3:  SJM SALARY INCREASE; MACAU VISITOR ARRIVALS; S'PORE INFLATION - macau1

SINGAPORE'S INFLATION UP 5.7% IN NOV Channel News Asia

Singapore CPI rose 5.7% YoY in November - higher than Street estimates of 5.4%.  Excluding accommodation costs, inflation was 4.4% higher YoY.