Macau Business Daily, June 16, 2014

Page 1

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

2014-6-13

2014-6-14

2014-6-15

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