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Macau
Saturday, October 21, 2017

Gaming

Scientific Games enhancing gaming portfolio in Macau and abroad

The American gaming and machine manufacturer has filed for the protection of new brands in the MSAR, having previously announced an agreement with a Google-owned company to enhance API performance Las Vegas-based Bally Gaming Inc., a subsidiary of Scientific Games, has filed for five trademark registrations, a dispatch in the Official Gazette revealed yesterday. Bally is seeking commercial protection for services that include computer software and firmware for gaming on any computerised platform, including dedicated gaming...

Business

Chow Tai Fook sales pick up in Q3

Luxury retailer Chow Tai Fook Jewellery Group Limited saw double-digit growth in its third quarter results in the Special Administxzrative Regions. The latest filing posted by the Group with the Hong Kong Stock Exchange revealed a year-on-year increase of 13 per cent in the SARs’ same store sales for the quarter, while same store sales volume growth experienced an uptick of 12 per cent year-on-year. Sales growth in Mainland China, meanwhile, was comparatively slower, with same...

Key entity for local firms going global makes progress

A protocol to create an Export Credit Agency supporting companies seeking to operate in Portuguese-speaking countries is to be inked today by Portuguese credit insurance company COSEC and the Monetary Authority of Macau Portuguese credit insurance company COSEC - Companhia de Seguro de Créditos S.A. (COSEC) - is to sign a protocol today with the Monetary Authority of Macau (AMCM) to create an Export Credit Agency (ECA) in the MSAR in support of companies wishing...

Newsletter

Economy

Tax compliance index launched, Hengqin scores 84.99

The pilot free trade zone of Zhuhai - Hengqin New Area – has launched a tax compliance index, the first system in Mainland China that performs quantitative analysis on the level of compliance of taxpayers. According to the press release posted by the Hengqin New District Administrative Committee (HDAC), the compliance index for Hengqin is 84.99, which indicates a generally high level of compliance. Some 343 big corporates reside in Hengqin, none of which was...

Property

Off-plan unit sales surged in September

New residential project in Taipa see extensive growth in off-plan unit sales A total of 145 transactions for off-plan sales were registered in the MSAR during the month of September, indicating a surge of 130.2 per cent compared to the previous month, according to the latest official data released by the Financial Services Bureau (DSF). When compared to the same month last year, transactions grew by 45 per cent from the 100 off-plan units sold. The sharp...

Balancing Bricks & Mortar

Outlook for public housing supply catching up with demand is positive in the long run, says Housing Bureau president. Report reveals that by 2023 units available will match need. But in 2021 demand will be triple supply. Long-term supply of new units on reclaimed land zones could be tempered to evolution of economy and population to avoid glut.

Interview

Selling and sharing experiences

Having worked most of his professional life at Thomson Reuters, Marco Duarte Rizollio decided the MSAR was the perfect place to start his first company, a one-stop tourism online platform called Follow Me Macau. Focused on independent millennial visitors to Macau, the company allows users to search and purchase lifestyle experiences in the city. With its launch ceremony scheduled for October 20, Marco shared with Business Daily the challenges of opening a company with...

Editorial

Opinion

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Politics

Taking their seats

Ho Iat Seng was re-elected yesterday as the Legislative Assembly (AL) President, with Chui Sai Cheong, an indirect-elect legislator and the brother of Chief Executive Fernando Chui Sai On, elected Vice-President After being sworn in yesterday at a ceremony held at the Chief Executive Headquarters, the 33 legislators comprising the sixth Legislative Assembly (AL) body held their first plenary session at the AL, to vote for the heads of the legislative body. Ho Iat Seng -...

Society

EU report points finger at human trafficking in Macau

The European Union (EU) annual report on Human Rights and Democracy in the World 2016 highlights that ‘the major issues challenging human rights’ in the city are ‘trafficking in human beings, the lack of a framework for greater democratic participation, and the failure to enforce laws regarding collective bargaining.’ The report also pointed the finger at the Macau SAR Government’s opposition to a suggestion by the United Nations Committee against Torture (UN CAT) to establish...

Print Edition

Macau Business

“Japan is our priority now” Exclusive Interview | Lawrence Ho

To Lawrence Ho there’s now just one investment priority: Japan. Spain can wait. City of Dreams Manila is finally performing well, thus the Melco Resorts CEO is happy. And reveals to Macau Business in an exclusive interview that he might go for local casinos if Pagcor is really interested in selling. But only if he can redevelop the site. Mr. Ho is thinking of adding another plane to his fleet - and remains confident Melco will continue to hold a licence in Macau, declaring “Of the six, we have been the best corporate citizen”

Penny-pinchers continue to prevaricate

It will take a miracle for a minimum wage for all workers to become effective before 2019, as promised by the government

Putting teeth in paper tigers

Report after report by the city’s two watchdogs highlight problems in the city’s executive branch but have government departments heeded their calls? Many believe the Chief Executive could - and should - do more

All at sea

The MSAR Government brings in the wrecking ball before realising that the shipyards in ancient Coloane cannot just be written off as junk. A rethink considers the possibility of applying for World Heritage site listing along with other options

MB Special Report

Macau, Central Korea | Sacrificial Lamb

Following North Korea’s third nuclear test in February 2013, U.S. authorities decided to invoke a financial embargo. The small Macanese Banco Delta Asia was the sole target in this new kind of Washington-Pyongyang war

Macau, Central Korea | A chicken called BDA

The United States attacked Banco Delta Asia without producing any evidence of its allegations. Today, it is known that the bank was only a “symbolic target”

Business Intelligence

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輝煌設計

樓市穩定

說得像真的一樣

高山低谷

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Essential

Accessible Art

Macau is an essential destination for lovers of modern art, with amazing works from renowned contemporary artists from around the world on display all over the city.

Elegance is an Attitude

Essential Macau sits down with eight-time Grand Slam Champion Andre Agassi to discuss life after tennis

Celebrating Chinese fashion

Frankie Xie Feng, the first Chinese designer ever to show at Paris Fashion Week, talks to Essential Macau about his inspiration, career and hopes for the future of Chinese fashion
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