MOP 6.00 Closing editor: Alex Lee Publisher: Paulo A. Azevedo Number 560 Friday June 13, 2014 Year III
Fast Lane
T
he Taiwan Government has revised its residency criteria for students from Macau and Hong Kong. SAR graduates from Taiwan universities are now in demand. Five years working on the ‘Beautiful Island’ and regular residency qualifies. But the regulations are tightening up for family members. And ‘investment immigrants’ have to cough up another NT$1 million Page 2
Turning on the taps
www.macaubusinessdaily.com
Consumer catch-up The government wants the public’s opinion again. This time, the consultation concerns a new Consumer Protection Law. Macau has changed considerably since the original legislation, particularly with the rise of e-commerce. The objective is to save consumers’ cash PAGE 3
Lavish re-branding
Bank lending increased unexpectedly fast last month. Stimulating measures accelerating the pace of the economy are making money flow. Page 10
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HSI - Movers June 12
Name
Westin Resort Macau in Coloane will be renamed. The Grand Coloane Beach Resort will officially be announced on June 22. The ‘hotel’s distinctive signature as a lavish boutique resort’ in Coloane remains its strongest suit PAGE 6
%Day
Belle International
1.68
China Overseas Land
1.14
Lenovo Group Ltd
1.04
CNOOC Ltd
0.89
Galaxy Entertainm
0.78
BOC Hong Kong Hold
-1.26
China Life Insurance
-1.39
Hang Lung Properties
-1.69
China Mengniu Dairy
-2.93
Industrial & Commerc
-7.06
Source: Bloomberg
Abiogen in Macau
I SSN 2226-8294
Abiogen Pharmaceutical have signed a licensing, distribution and supply deal with an Italian company. Sufferers of debilitating diseases in Greater China will now have access to world-class medicines PAGE 4
Bus business
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Embryonic bus operator Macau New Era has inherited 360 Reolian drivers. But it needs 40 more to keep the green buses rolling. Some 400 full-time drivers will pilot its 27 routes, with both competitors willing to lend a hand PAGE 4
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2014-6-14
2014-6-15
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