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Tuesday, May 30, 2017


Repeat gamblers

According to the Social Welfare Bureau around 14,000 people were suffering from gambling addictions in the MSAR in 2016


Customs to reconstruct office at Taipa

The refurbishment of the city’s Customs office, near the roundabout of Tenente Pedro Jose Da Silva Loureiro in Taipa, opposite the new Roosevelt Hotel, will set the city’s coffers back anywhere between MOP33.33 million (US$4.15 million) and MOP47.38 million, according to the results of the bids submitted for the public tender for the project. In response to Business Daily’s enquiries, Customs explained that the re-construction of the office is due to the patrol station having...

Breeding MICE

The MSAR’s MICE events saw a surge in participants, up 62 pct y-o-y in the first three months of the year. The total number of events, 366, also rose by 18 pct y-o-y, with 66 pct of events corporate meetings and 22 pct association meetings. Only 7 pct of events were conferences, exhibitions and incentive activities. Of the seven exhibitions held, average duration was three days, with a near 49 pct increase in participants in Q1.



Fosun International cashing out subsidiaries in Mainland China

In its latest move to cash out of its business, Fosun International Limited, China’s largest privately-owned corporation controlled by Shanghai billionaire Guo Guangchang, announced in a disclosure with the Hong Kong Stock Exchange that it is disposing of several of its indirectly-owned subsidiaries for a total consideration of RMB24.16 billion (US$3.52 billion/MOP28.29 billion). Fosun, which owns a 24-per cent stake in Banco Comercial Português (BCP), which has a branch in Macau, is selling a...


Remodelling market worth MOP6.2 bln by 2020, says engineering firm

The market for alteration and extension works, due to constant renovations and redecorating, and increased demand for housing units, will drive up income from such projects to MOP6.2 billion by 2020, as compared to MOP3.5 billion in 2015, according to engineering service provider FSE Engineering Holdings Limited. The group this week opened its first retail store in the MSAR, selling ceramic tiles from Europe, according to a release. Present in the MSAR since 1980, the...

Power plant site slated for housing

Government awards architect Chan Hou Kuan with MOP38.5 million contract development plan for public housing to be constructed on site of old power plant on Avenida Venceslau de Morais


Ready for the increase

Fabrice Collot, General Manager for Banyan Tree Macau





Gaming activists run for legislative election

Cloee Chao, president of the New Macau Gaming Professionals Association, has pledged to run in the upcoming legislative election, submitting her nomination list on Friday, according to TDM Radio news. The gaming activist claims her participation in this year’s Legislative Assembly (AL) election is to strive for a Union Law and for benefits for gaming workers. The group proposed eight individuals to run in this year’s election, with the order of nominees to be determined at...


Educating for integration

The Macau Foundation is working on two projects to link countries along the Road and beyond

Print Edition

Business Daily #1306

digital version

Macau Business #157

Macau Business Magazine – May 2017

Essential Macau #37

Essential Macau (April - May 2017)

Macau Business

Piecing the puzzle together

The Urban Planning Committee has yet to achieve one of its major goals of the past three years with the lack of a master urban plan, which some describe as a learning curve, claiming the next three years are key

Walk the line

Would it be possible to convert Avenida Almeida Ribeiro into a pedestrian area? Several departments of the Macau SAR Government are sceptical, if not completely silent upon the matter. People who work in San Ma Lou and those with expertise in urban planning say anything could be done. But with no decision taken, the street is literally falling apart

Works in progress

Riding on the coattails of the past decade’s gaming boom, Lai Si Construction & Engineering Co. Ltd. has recently listed in Hong Kong and is now seeking to expand its footprint

SUV taxis on call

With an investment of over MOP60 million (US$7.5 million) a new taxi company aims to provide better service for the public and urges the government to provide more support; namely, more taxis and parking spaces

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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It’s got elegance – Wynn Palace Cotai

Join Essential Macau on a tour of Wynn Palace, which recently made its highly anticipated Cotai debut

The First International Film Festival & Awards, Macao

Organised by the Macao Government Tourism Office (MGTO) and the Macau Films & Television Productions and Culture Association (MFTPA), the First International Film Festival & Awards, Macau (IFFAM) is scheduled to take place at The Macao Cultural Centre, and other venues around the city, from 8-13 December 2016. The competition will feature 10 to 12 new international films, with a focus on genre titles. Joining Festival Director Marco Mueller – who has previously headed the...

Nature Knows Best

Executive Chinese Chef Ben Wong of Man Ho Chinese Restaurant at the JW Marriott Macau shares his food philosophy with Essential Macau 文/by Edwina Liu
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