Macau Business Daily, March 12, 2014

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MOP 6.00 Closing Editor: Michael Grimes

T

he authorities in Macau and Zhuhai seem at odds over business daily 1 when the new border crossing in Ilha Verde might open. Secretary for Transport and Public Works Lau Si Io said yesterday that he could not give an opening date. But an official of the Zhuhai Port Bureau last week reportedly said the crossing will be ready by 2016. Mr Lau told reporters on the sidelines of a sitting of the Legislative Assembly that the Ilha Verde project had many aspects to consider. “The project is not only about the completion of structures like the immigration hall, but it also involves a joint inspection process,” he said. He added another aspect was the arrangements for keeping the crossing open 24 hours day. More on page

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www.macaubusinessdaily.com

Year II

Number 494 Wednesday March 12, 2014

Publisher: Paulo A. Azevedo

No green light for new Border says govt Friday April 19, 2013

Hostel stays considered for city

Hengqin no remedy for housing woes: Beijing

Page 4

Teaching, gaming, top career choices Page 5

Fujian maid quota undersubscribed Page 5

Brought to you by

HSI - Movers March 11

Name

S

olving Macau’s housing problems is not the main purpose of the “limited” amount of land on Hengqin Island, Central People’s Government Liaison Office director Li Gang said yesterday. He added: “Social issues like the problem of public

housing should be solved locally first.” However, Mr Li said the authorities in Macau were talking to officials at Nansha in Guangzhou and Cuiheng in Zhongshan, about renting more land there. Page

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Galaxy mulls dividend

Cotai interruptus

Casino developer Galaxy Entertainment Group Ltd – which has previously said it wanted to husband cash for its Cotai expansion work – now says in a regulatory filing it will discuss the possible “declaration, recommendation or payment of dividend” at its board meeting on March 19. At that time the firm will also announce its annual results for year ended December 31.

It’s two years until the next of the new casino-resorts open on Cotai. That gives the government some time to build the infrastructure the properties need and gives the gaming companies some time to find the staff they will need. Economist Henry Lei Chun Kwok thinks the three-year hiatus in the opening of new casino-resorts may be good for the economy.

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%Day

Lenovo Group Ltd

5.01

Want Want China

4.60

Sands China Ltd

2.46

Galaxy Entert.

2.12

Belle International

2.09

Ping An Insurance

-0.73

COSCO Pacific Ltd

-0.94

Hengan Internat

-0.96

AIA Group Ltd

-1.22

China Resources Ent.

-1.23

Source: Bloomberg

I SSN 2226-8294

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