MOP 6.00 Number 581 Monday July 14, 2014
Publisher: Paulo A. Azevedo
Closing editor: Alex Lee
Challenging Times
Year III
S
ome 10,000 more public housing units are slated for Zone A. A 70 percent jump from the original figure. This is “not a hypocritical show,” says the Chief Executive, 6 weeks before the CE election. He has also dismissed the unofficial referendum gauging public opinion on the electoral system as contrary to the provisions of the Basic Law. Nevertheless, Beijing and the local administration admit it’s a ‘challenge’ PAGE
www.macaubusinessdaily.com
Interview
Alvis Lo Iek Long
Macau: Severe shortage of doctors
2&3
He’s the director of the Macau Public Hospital Physicians Association. And concedes there’s a severe shortage of manpower in the health sector. Especially specialist doctors. In an interview with Business Daily, Alvis Lo Iek Long says he’s confident that the situation will improve. More doctors and more specialists are in the pipeline. But we will have to wait at least 5 years PAGE 6 & 7
Blue sky thinking
HSI - Movers
Macau is well positioned for Tigerair Taiwan’s inaugural flight. It’s scheduled to start in Autumn, with Singapore the main contender. The open skies agreement between Macau and Taiwan is the trump card
Name
July 11
Page 3
Top Gear
Tactical test HSBC analysts are evaluating the OCBC deal. They should raise the price offer for Wing Hang Bank, with Elliot Capital Advisor a strategic shareholder, say the seers PAGE
4
Ford sales in Macau and Hong Kong almost quadrupled in the first half. Compared to a year ago, the company moved 473 units, an all-time record. The US company expects to continue growing here in the second half
Lenovo Group Ltd
2.08
COSCO Pacific Ltd
1.68
China Resources Ente
1.40
Li & Fung Ltd
1.19
PetroChina Co Ltd
1.12
China Merchants Hol
-0.79
Hang Lung Properties
-0.84
Hutchison Whampoa Lt
-1.14
Tingyi Cayman Island
-1.16
China Resources Pow
-3.93
Source: Bloomberg
I SSN 2226-8294
Page 3
Take it to the limit Brought to you by
Fabled Atlantic City could be the next Detroit. Casinos are shutting down and thousands of jobs are at risk. There’s a die-hard core of business people, though, who still think it can be turned around. More family appeal is needed, they say
Linda Chen, COO of Wynn Macau, says she’s focused on the “next level.” That’s the gaming industry she’s talking about. Not her rumoured prime positioning to step into the boss’s shoes come the time. Right now, her priority is getting Wynn Palace open in 2015
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2014-7-14
PAGE 5
27˚ 33˚
Atlantic City, the new Detroit
%Day
2014-7-15
27˚ 33˚
2014-7-16
28˚ 33˚