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Macau
Sunday, May 28, 2017
After months of the establishment of a new Customs transit mechanism, a batch of products from Thailand was successfully transferred to the Mainland via the city
Galaxy Macau workers have joined hands with the Macau Civil Servant’s Association. Demanding better working conditions. Plus salary adjustments pegged to the cost of living. Chinese New Year bonuses and compensation leave for holidays on workers’ days off are on the agenda, too.
While American firm Lone Star’s 750 million euro acquisition proposal for banking group Novo Banco was considered by Portugal’s central bank as frontrunner in the bid, the local Ma family has also proposed purchasing a stake in the banking group’s local arm
But the company said it has been in touch with the government, and is hoping to initiate communication soon
A CTM representatives told Business Daily that the company would try to “clarify” the Macao Post and Telecommunications Bureau compensation demands for alleged incomplete services during the installation of the city’s free access wireless broadband service WiFi Go

Tariff-free exports

The city’s exports to Mainland China will be tariff-free next year, with neighbouring Hong Kong also enjoying the same beneficial treatment. The Chinese Ministry of Finance announced in a press release that the central government is adjusting the country’s...
The demand for ‘local Macau residents’ is at an all-time high and bureaucratic process for hiring non-locals could be ‘streamlined’, says a local recruitment agency

SMEs Seek Synergy

Several SME support schemes link businesses to operators. But product and service standards have some catching up to do, say the integrated resorts. One thousand-plus co-operation activities will be reliant upon training, seminars and services. Such as the recently launched ‘ChoicePro’ app. linking small businesses to large-scale demand.

Occupied!

Despite increases in the city’s hotel room supply, hotel occupancy in November hit 91.6 pct – a 6 pct y-o-y increase and a 3 pct m-o-m increase, which bodes well for the upcoming holiday season, as average prices also rose nearly 10 pct y-o-y during the month. Despite not being a local holiday, expectations are for an 80 pct occupancy rate during Christmas, according to industry experts, with a limited number of discounts predicted.
The Director of Macao Economic Services (DSE), Tai Kin Ip, said total sales transactions have jumped by 40 per cent on average for this year’s ‘1212 Blue Street’ event compared to ordinary days, local Chinese-language newspaper Macao Daily reported....
Finance and law consultancy service company Perfeição Lda, founded by the ex-president of the city’s Legislative Assembly, Susana Chou, is eyeing opportunities for Sino-Luso exchanges. Speaking to Business Daily, however, the team explain the difficulties in hiring local talent for their operations, due to local residents’ lack of adventurous spirit amid the prosperous local economic environment, as well as the government’s lack of flexible human resource and immigration policies.
Fixed line services continue to decline while mobile creeps upwards
The operator of Club Cubic, Luk Hing Entertainment Group Holdings Ltd., will be listed on November 11 this year, according to a filing posted on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange. The operator is selling...

Event city

Organiser of the tech and multimedia conference believes Virtual Reality technology could be developed for tourism products
It’s been talked up for years. The closer ties between China and Portuguese-speaking countries. But trade is not keeping pace. Data shows that commercial exchanges between both parties haven’t performed anywhere as near well as expected.
The Business Awards of Macau has announced the finalists for this year’s edition, with a gala ceremony to be held on tomorrow
The Free Yacht Travel Scheme between the city and Zhongshan in Guangdong Province will start next Wednesday, according to a press release by the MSAR Government. A launching ceremony of the scheme will be held in the Mainland Chinese...
Budget hotels in the city are facing tough times. And sweet words from the gov’t are not enough. But an overview of the domestic hospitality sector suggests there is room for such accommodation.
British multinational banking and financial services company Standard Chartered PLC announced that the company has been granted permission to deal in securities on the Hong Kong Stock Exchange, according to the company’s filing with the Exchange on Wednesday. The...
Billed as the largest laundry company in Asia, Smartable Laundries is reducing the consumption of water and power of the laundry process. CESL Asia is a local company dedicated to cultivating a more environmentally friendly city with its top-tier...
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