The Macau Metro Monitor, July 22nd, 2010
HSBC NO LONGER ON MGM MIRAGE IPO IFR Asia
HSBC is no longer a joint global coordinator for the planned Hong Kong IPO of MGM Mirage, having pulled out of a
US$850m loan for the gaming firm’s Macau unit, according to a source familiar with the deal.
CHANGI AIRPORT'S H1 PASSENGER COUNT UP 17% Channel News Asia
In June, ~3.6 million passengers passed through Changi airport, YoY growth of 19%. In the 1st half of 2010, Changi Airport saw traffic increase 17% YoY to 20.2 million.
CHINA PLAN TO START IMPLEMENTING PROPERTY TAX TRIAL IN 2012, OFFICIAL SAYS Bloomberg
According to a report on 163.com, a Netease website, China's finance ministry plans to start implementing a property tax in 2012 on a trial basis. Shanghai and Chongqing have already drawn up plans for a property tax. Chongqing Mayor Huang Qifan said the city wants to impose a 1% levy on homes that are three times the average market price.
