MOP 6.00 Closing editor: Alex Lee
Expat haven
Innovation name of the game
M
acau is one of the cheapest places for expats to hang their hat in Asia Pacific. An ECA survey reveals that living costs here are very competitive. Lower than most of mainland China’s cities, Taiwan or South Korea, in fact. Macau ranks only 35 out of 63 Asian locations surveyed, and is 121st globally 3
PAGE 9
Year III
Number 561 Monday June 16, 2014
Publisher: Paulo A. Azevedo
PAGE
China is going all out for innovation. New guidelines are being drawn up. The development of the domestic industry over the next three to five years will be under the microscope
www.macaubusinessdaily.com
No links, says Chui Chief Executive Fernando Chui Sai On insists he has “no relation” to any land grants or graft case. Controversial Hong Kong Next Magazine claims Beijing is probing former CE Edmund Ho Hau Wah’s alleged involvement in ‘favours’
Mobile machinations Illegal financial transfers using portable UnionPay terminals. Police authorities estimate that 180million patacas-worth of transactions have been processed in Macau. To date, 41 suspects have been identified PAGE 5
HSI - Movers June 13
Name
Interview
Rui Cunha
PAGE
Macau’s lacking excellence Rui Cunha sounds alarm bells about the local legal profession. The founding partner of C&C Lawyers says practitioners must abandon their comfort zone. There’s more to being a good lawyer than memorising the legal code. And it’s not about the money. Foreign or local, it’s all about added value for Macau, he says. On top of which, the legal system remains an ‘orphan’ searching for the right path PAGE 6 & 7
2
Casting off soon
%Day
China Merchants H
5.23
Wharf Holdings Ltd
3.14
CNOOC Ltd
1.91
Industrial & Comm
1.85
China Petroleum & Ch
1.78
Want Want China H
-0.38
Hengan Internation
-0.56
Tingyi Cayman IslanD
-1.14
BOC Hong Kong HolD
-1.49
China Mengniu Dairy
-2.74
Source: Bloomberg
The Outer Harbour ferry terminal renovations should be wrapped up by year-end. So says the Land, Public Works and Transport Bureau. Expanded capacity and more convenience is the watchword
I SSN 2226-8294
PAGE 4
Twinkle in Zhuhai’s eye
Brought to you by
Mainland rail construction firm China Railway Group Ltd is in the upscale residential homes market. Its project in Zhuhai is now up for sale. And Macau buyers are in its sights PAGE 8
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