Macau Business Daily, March 7, 2014

Page 1

MOP 6.00 Closing Editor: Michael Grimes Publisher: Paulo A. Azevedo

Macau students flock to Taiwan Page 4

Creativity fund needs to rev ideas engine Page 5

The high life – One Penha Hill Page 7

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acau should have more self-confidence and avoid comparing itself with other places, a Beijing official who oversees Macau and Hong Kong said yesterday. The chairman of the standing committee of the National People’s Congress, Zhang Dejiang, made the comment in a meeting with Macau and Hong Kong deputies. Political scientists think Mr Zhang was probably telling the Macau government to be more decisive, and referring to comparisons with Hong Kong, where universal suffrage is being publicly debated. One of the Macau deputies in yesterday’s meeting, Lao Ngai Leong, quoted Mr Zhang as saying: “Macau should strengthen its self-confidence for its own development.” Mr Lao said Mr Zhang also said: “Macau does not need to compare itself with other places, but to follow its own path to development.” More on page

Year II

Number 491 Friday March 7, 2014

‘Be self-confident’ Beijing’s message to Macau

business daily 1

Friday April 19, 2013

3

HSI - Movers March 6

Name

F

ashion designer Karl Lagerfeld will lend his name and creative talents to the third hotel tower at SJM Holdings Ltd’s planned Cotai casino resort Lisboa Palace. Mr Lagerfeld heads his own label as well as being creative director of French fashion house Chanel. He signed in Paris a memorandum of understanding on behalf of Karl Lagerfeld Greater China Holdings Ltd. The deal is with Sociedade de Jogos de Macau SA. Page

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%Day

COSCO Pacific Ltd

6.47

China Merchants

3.34

CITIC Pacific Ltd

2.21

Tencent Holdings

2.01

Belle International

1.87

Industrial & Comm

-0.66

China Coal Energy

-0.76

Want Want China

-1.06

Tingyi Cayman Isl

-1.37

Bank of East Asia Lt

-2.54

Source: Bloomberg

I SSN 2226-8294

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Photo: Macao Daily News

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SJM hires the man in black

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Future Bright share offer

Show of force at Gongbei

Future Bright Holdings Ltd hopes to raise up to HK$276 million (US$35.6 million) through a share placement, in order to fund the building of a food plaza on Hengqin Island. The restaurant operator told the Hong Kong Stock Exchange it would offer a maximum of 65.4 million shares, about 9.42 percent of the company’s share capital. The shares would be offered at HK$4.30 each.

Members of the Chinese People’s Armed Police Force – known as CAPF – were on patrol in combat gear on the Zhuhai side of the Gongbei border gate with Macau on Wednesday. Chinese-language newspaper Macao Daily News quoted unnamed Zhuhai police officials saying the patrol was a special measure implemented to coincide with the fortnight-long meeting of the National People’s Congress in Beijing.

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