WHAT'S IN STOCK? - A Macau stock exchange in Hengqin is being considered in a bid for economic diversification and regional integration. The potential game changer invites a debate on the legal framework, human resources and competitive edge  |  [Tribute] OTHERS BEFORE SELF - Remembering Juliana Devoy's inspiring legacy  |  [Property] IN GOOD SHAPE - Housing market set to remain stable and recover in 2021  |  GOVERNMENT: Public assets watchdogs "slow" to yield results  |  [Special Report] The COVID-19 year

[Cover Story] STAYING ALIVE - Live-streaming e-commerce is the new trend. Local companies are finding multiple ways to reach across the border and sell to mainland consumers amid the pandemic  |  [Transformational] THE LEGACY OF SHELDON ADELSON - The US gaming mogul was first to break ground on Cotai and introduced the integrated model, transforming the city's tourism and casino industries beyond recognition  |  [Special Report] One city, four 'languages'

[Cover Story] China's 'Dual Circulation' economics gaming steam, but Macau risks lagging behind. Additional relief measures now critical for SMEs, and looking ahead, the city must get financial innovation right. A return to business as usual is not in the cards  |  BREATHING NEW LIFE - Guangdong-owned Nam Yue Group acquires idle plot to develop science and technology park  |  LABOUR - Swift action needed as youth unemployment jumps |  [Special Report ] Ho Iat Seng  Year 1

[Cover Story] SAVING THE DAY - That rainy day is here. The city's buoyant fiscal reserves cushion against a hard landing but pressure on the government will mount in 2021. SMEs and livelihoods feel the squeeze. The multibillion-dollar question: Hoe much can the casinos rake in next year? MOP130 billion authorities predict  |  [Interview] THE FORUM AND BEYOND - Outgoing forum Macao Deputy Secretary-General Rodrigo Brum highlights achievements but points to the need to boost outreach efforts. Hengqin and Greater Bay Area the way forward  |  HOUSING LADDER - Will a renewed approach to 'sandwich class' yield results?  |  [Special Report] Getting in and out

[Cover Story] YUAN WORLD ONE DREAM - China's digital renminbi revolution is in the pipeline. Macau's financial services are set to thrive alongside regional integration and economic diversification. For casinos it might be a bitter pill to swallow  |  [Demography] Population density not likely to be eased. In addition to land, experts call for concrete policies to prevent slide in quality of life  |  [Property] Mutation - Government plans turning Areia Preta's industrial zone into commercial district. No easy feat.  |  URBAN MASTER PLAN - Long-awaited blueprint met with mixed views  |  [Special Report] The Chinese gambler

[Cover Story] SHUFFLE UP AND DEAL - Government reluctant to show its hand as the clock ticks on the gaming law revision and public tender. An overhaul of the sub-concessions model is in the cards alongside new strings attached binding operators to social responsibility, diversification and regional integration  |  [Tourism] EYEING SMART TRAVELLERS - New Holiday Inn Express to open downtown, banking on returning mainland visitors  |  [Business] FACING DEMAND - Made-in-Macau medical masks gather steam riding COVID-19-induced business opportunities  |  CASINO-RESORTS - New properties wait in the wings for rosier times  |  [Special Report] Understanding Hong Kong A to Z

[Interview] SILVER LINING - After Guangdong, Macau looks to Fujian and Hunan for gradual resumption of mainland visitors. Tourism chief Helena de Senna Fernandes says the COVID-19 crisis prompts a rethink of the industry as a whole. The city braces for a protracted recovery  |  [Property] UNSCATHED ISLAND - Hengqin market rises above pandemic woes  |  [Politics] FEELING THE HEAT - Government urged to trim MOP800 million annual bill in private rentals amid a blanket 10 per cent current expenditure cut. Meanwhile a number of public properties sit idle  |  GAMBLED AWAY - Gloomy outlook for junkets in the short term  |  [Special Report] 20 (+20) Influential women

[Exclusive Interview] BALANCING ACT - Former gaming regulator head Paulo Martins Chan looks back at his tenure. Striking a balance between tighter rules for junkets and buoyant revenue was a major achievement. The prosecutor casts an optimistic eye on the industry's future despite the looming challenges  |  [Property] WALLED LIGHTHOUSE - Veteran developers to proceed with new Guia foothill towers. Heritage site risks being further blocked  |  [Social Service] KEEPING AFLOAT - Government support allows NGOs to weather COVID-19 storm but pandemic woes still sting  |  'NEW STANLEY' ON THE BLOCK - Stanley Ho's grandson ventures into Asia's online gaming  |  [Special Report] Crossroads of Macau tourism

[Cover] Stanley Ho - Life Vision Legacy  |  [Property] NEXT BIG THING - Policy Support needed for ambitious office property plans  |  [COVID-19] LABOUR BLUES - Fresh grads brace for harsh reality  |  HO IAT SENG - Bureau-level reshuffle hints at new direction  |  [Special Report] Diversification now or never

[Cover Story] HOME SWEET HOME - First-hand home sales show signs of recovery, battling the effects of COVID-19 better than most other industries  |  [Business] E-COMMERCE BEATING THE PANDEMIC - Fed by confinement rules, e-commerce in Macau is thriving and paving the way for new business investments  |  [Technology] SURFING THE VIRUS WAVES - China's biggest technology giants are unveiling ambitious expansion plans despite the pandemic  |  WAITING GAME - Operators holding their breath as government doesn't show its cards  |  [Special Report] Forum Macau: 17 years, old enough?

[Cover Story] FUELLING CRITICISM - International oil prices have been at their lowest for weeks, but the variations in Macau are always hard to notice, with the government showing little ability to take action. Not even to reform a sector that should have happened a long time ago  |  [MICE] BIG, EMPTY SPACES - Macau's MICE agenda never met expectations. But now, with the pandemic, the industry needs a miracle to not disappear in combat  |  [BANKING] DEAFENING SILCE - A whole Chinese zodiac year passed by, and Delta Asia didn't disclose its accounts although it was obligated by law. The monetary authority refuses to shed light on the matter  |  COVID-19 - SMEs are crying for more and better help  |  [SPECIAL REPORT] Youngsters living on a keyboard

[Gaming] FACING EXTINCTION - Life has not been kind to the junket business in the SAR. Numbers continue to shrink. After all the recent measures stroking strong blows to their numbers, the coronavirus outbreak promises to be the most devastating  |  [Property] HIGH HOPES - The coronavirus outbreak is expected to only marginally impact the property market, even if home transactions decline strongly. Experts say most presidential properties are now held by residents with  abundant resources  |   [Aviation] AIR YOU NEVER KNOW - Air Koryo started three weekly flights between Pyongyang and Macau involved in a mystery mist, and then stopped all operations soon after in a more mysterious way  |  CORONAVIRUS - Are the relief measures enough?  |  {Special Report] Cotai 3.0 (2019-2022)

[Cover Story] BRACE FOR IMPACT - It took three months for Macau to recover from SARS, 17 years ago. But the impact of this new coronavirus seems stronger and the SAR is already showing symptoms of an illness that experts worry might take longer to overcome  |  [Public Works] COHERENT LATENESS - If a large infrastructure was completed on time and within budget, it would be amazing. The delays in the construction of the new prison reveal that in this respect the government remains the same: predictable. And not very effective  |  [Property] Number of residential units completed last year are down by a third compared to previous years. With private housing supply expected to continue shrinking, the real estate industry says residents might need to look across the border  |  Zhongshan-Macau free yacht scheme - Much ado about nothing  |  [Special Report] Casino Lisboa 50 years

[Cover Story - Business] NEW TREND OUT OF NECESSITY - Property prices continue to be a forbidden fruit to many entrepreneurs. The answer to the problem that has gained more and more enthusiasts? Co-working space. What are the pros and cons?  |  [Finance] NOT SO FAST - Within the dream of gaming diversification, one project was gaining momentum: Macau becoming a yuan-denominated securities market. But recent political signs show there's a long way ahead  | [Labour] ETERNAL STRUGGLE - Economic fundamentals are not at their best, but labour market is to remain stable. The biggest losers continue to be SME's  |  OFFSHORE SILENCE - 292 companies still ponder the future  |  [Special Report] IMF - from glory to recession

[Cover Story] MOU MAN TAI? (NO PROBLEM?) - The city will finish the year with its first annual economic contraction in the past three years. But there's a cautious optimist. And it calls for the government to compensate by increasing the investment  |  [Politics] WE CAN ONLY HOPE - This month the new government will have the task of continuing the city's development and growth while providing a better quality of life to its citizens. Transparency and innovation are the main promises. Time to wait and see  |  [Business] SWEET RIDE - Local travel agency Ying Hai was established in 2014. In just five years, it developed into a holdings group and was recently listed in the Hong Kong stock exchange. In an interview with the Macau Business, the group's CEO explains his strategies for further growth  |  HOSPITALITY  -Two star boutique hotel sails through history  |  [Special Report] 20 + 20 = the most influential

[Cover Story - Environment] WHO'S WORRIED? - The planet is contemplating disastrous effects of climate change and sea level rises. Studies show Macau will also be strongly affected. But the silence fro the government sends a different message: No need to worry. Almost 5 years ago the SAR created an interdepartmental group, but until today nothing has happened and nobody talks  |  It's a start at least: Bill to restrict plastic bags  |  [Property] SHARING HOME - It's one way to cut costs and a business model that's getting stronger and already reached Macau. Telok Real Estate Partners are launching a Co-living Project in the city  |  [Tourism] Not everything that shines... - Gives a golden return to its owners. Macau Business reporter went to spend a night in the city's hospitality jigsaw puzzle: The 13. Instead of $1 million, as once reported, HK$1,700 were enough to pay the bill of the impressive hotel that realistically needed to strongly cut costs  |  [Special Report] The ghost bridge  |  CHAMPIONS - 66th Macau Grand Prix Special

[Cover Story] BIG BROTHER'S WATCHING - Macau's sky eye system is rapidly being installed in phases. With the complete set-up slated for Q1 2020. But that's not enough for the MSAR government. Facial and car plate recognition functions are in the works, too  |  GERMANY ON THE DOORSTEP - Local businessman Tony Un Chong San thinks big. And the launch of the RMB1.6 Bln Hengqin German City proves it. A complex tailor-made, he says, for German firms entering the Guangdong-Hong Kong-Macau Greater Bay Area  |  INTEGRATION INTERRUPTED - Economic integration was the master plan. But Hong Kong isn't playing ball. Author/analyst Chan Hei Yin identifies the crucial differences distancing Hong Kong from Macau and the rest of the region  |  [Special Report] GBA Greater Expectation

[EXCLUSIVE] Founded in Macau in 1973 and once considered North Korea's de Facto Diplomatic touchstone in the city, Zokwang Trading Company decamped in 2006 for Zhuhai. Where, according to a secretive website, it sells weapons of war  |  [PROPERTY] OFFICE ROMANCE - Scarce supply of offices: Great demand. And hot prices. Especially in premium areas like Nape. Where average office transactions fetched 16-fold prices from 2002-2008  |  [INVESTMENT] GREATER SCAM AREA - The Greater Bay Area. Governments keep pushing paradise. But an increasing number of investors have been badly burned. Losing plenty of cash after falling prey to several scams  |  INFRASTRUCTURE - Taipa ferry terminal a washout?  |  [SPECIAL REPORT] 40 years, 40 companies - China, Macau, Portugal

[Cover - Aviation] FLIGHT OF FANCY? - Chinese researchers proclaim the future of Macau's airport depends upon co-operation with Zhuhai's. Meanwhile, the man behind the world's biggest low cost carrier tells Macau Business he wants Air Asia to call the MSAR home  |  [Gaming] HOUSE WINS - He did not invent non-commission Baccarat. But Alidad Tash is credited with its unparalleled popularity in Macau. And the empowerment of casinos to pocket even more  |  [E-commerce] DELIVERING THE GOODS - Buying groceries online. No longer a technology strange to Macau. A local company is saving consumers' time by filling their orders with a couple of clicks. And delivering to the door at the buyer's convenience  |  [Special Report] The most imperfect democracy

[Cover Story] RESILIENT MARKET - Ongoing Sino-US trade tensions. And a possible u-turn on fed interest rate policy. But the city's property market is ticking over nicely: Witness 1,000 new flats poised to come on-stream for sale soon  |  OVER A BARREL - The biggest investment ever in Cape Verde. But David Chow's Macau legend has announced a contract change. Opting now to build his integrated resort in phases. The tiny African archipelago has reluctantly agreed. Through clenched teeth  |  A WALK IN THE PARK - Millions poured onto the streets. Forcing the Hong Kong government to suspend its vilified extradition bill. Analysts say Macau would be a different kettle of fish. With green lights flashing all the way in Hong Kong's 'laidback' sister city. Nevertheless, they don't see the urgency for the central government to rush legislation here  |  STUDY - Chinese academics lambast Macau's economic model  |  [Special Report] Working in Casinos: Dreams and nightmares

60 YEARS ON THE LINE - Good business in Europe. But Stanley Ho's casinos in Portugal are a far cry from SJM's lucrative operations in Macau. With no concession extension on the cards for Estoril, the 2020 tender could mean a busted flush  |  SMOKE AND MIRRORS - In 2014, the government enacted the first urban planning law. Solemnly pledging an urban master plan. Five years later planning remains a mirage. With many now looking to the new administration for action  |  SECURITIES MARKET. MAYBE - Beijing has bestowed a certain political status upon Macau in the international arena. And is prepared to allow more. But establishing a securities market in yuan here is by no means plain sailing  |  [REPORT] An overview of Macau's start-up ecosystem  |  [SPECIAL REPORT] Hengqin, our precious neighbour

THE HENGQIN CARD - It's been in the works for a decade. But the Greater Bay Area has lent it impetus at last. The plan to milk Henqqin's development for the greater good of Macau's tourism ambitions is gaining traction  |  SORTING OUT THE CIVIL SERVICE - Long overdue and much debated. Plus recent motions in the legislative assembly. New accountability initiative might just mean the buck stops with government bureau heads  |  MSAR Gov't, Co. - Directly involved in 13 Macau-incorporated firms. As at end-2017, few aware of the extent of the government's portfolio. Thus, the opacity of its operations and financing must be addressed, say many  |  CHARGE OF THE LIGHT BRIGADE - Macau and Hong Kong entrepreneurs add zip to electric vehicles software  |  [Special Report] Macau Business 2004-2019: 15 years that changed Macau  |  [Special] G2E Asia

LAND PLOTS - It’s an explosive subject: the giving and taking of land. In a city where soil is a scarce commodity. Macau Business digs into the state of several stalled projects  |  CONDO CONUNDRUM - A bad start to the year for property. With home sales plummeting 77 per cent it’s 2016 again. Several high-end residential projects are attempting to staunch the flow - but small flats are resolutely posting the biggest price hikes.  |  SHOWING HIS HAND - “I don’t want the job” was the constant refrain. But candidates are now positioning themselves. And Ho Iat Seng has changed his tune. The veteran politico is almost certain to run for the post of Chief Executive of the MSAR. |  STUDY - Too many tourists, not much spending, simmering local resentment  |  [Gaming Report] Peninsula, the poor relation



[Cover Story] WILL IT FLY? - The Greater Bay Area. But how can the vision translate into reality? Nursing co-operation and integration between nine southern China cities and the two SARs always made sense. But critics ask: "Where's the meat?"  |  [Other headlines] CHANGE OF HEART - A big re-think. Now the government says universal health insurance is a must. With Greater Bay Area integration outweighing greater costs. But what does the public think?  |  SHIFTING GEAR - Car sales recovered throughout 2017. With last year even better. But the industry sees road bumps ahead. Due to higher costs and economic uncertainty. Meanwhile, Japanese and German brands continue to drive the market in Macau  |  [TOURISM] Standing room only - What now for visitor overload?  |  [Special Report] Security - The key word

REALTORS GO SHOPAHOLIC - Shop properties are delivering. Last year's 20 pct jump in retail sales – plus at least one million square feet under lease – struck a chord with realtors. Who hope to continue making music in the new year  |  LET ME BREATHE! - It looks like pollution is here to stay. Even though the government says the majority of days are 'good' or 'moderate'. Neglecting to add, however, that local air pollution standards are way less rigorous than those of the World Health Organization  |  QUALITY, NOT QUANTITY - Two new studies are clear: Macau should target fewer tourists and more visitor expenditure. While more broken records risk being the catalyst for increased anti-tourist blowback  |  PROPERTY - Several old properties earmarked for budget hotels  |  SPECIAL REPORT - Land law five years of unrest

SHINE LIKE A DIAMOND? - The Economic Bureau will accept MPay from this month, says Tai Kin Ip. In an exclusive interview the Bureau boss outlines the strategies and challenges ahead for e-payment in Macau. And his faith in the city’s new position as a diamond trading centre  |  TAXI TENDER - A blight on the city’s image. But the taxi business continues to attract much attention. With 200 new licences in the pipeline, five heavyweights join the race to rejuvenate  |  HOT POTATO - The quality migrant admission scheme proposal is less then consensual. Given fierce regional competition for manpower, it’s a must, says Secretary Lionel Leong. But how exactly will it work?  |  ADS FOR CABS  - New technology is being installed in 300 MSAR cabs. A speech recognition function will identify pertinent passenger remarks. So that advertisements can be tailored accordingly |  STUDY ALERTS - Super Typhoon Hato feedback a flawed benchmark?  |  SPECIAL REPORT - Chui Sai On, 10 months from the end

[Cover Story] LOVE ME TENDER - Public tender rules - legislated by law - are often side-stepped. Breeding suspicious and doubt. Public pressure has forced the government to float a new bill amending the procurement regime. But it is not without controversy  |  FAST TRACK FINANCE - Acquiring a banking licence in Macau was once deemed impossible. Now, several banks are queuing to enter the SAR market. Chinese banks. Two Angolan banks, however, seem hobbled by bureaucracy  |  START-UP CENTRAL - Local start-ups face a variety of challenges. But the Macau Young Entrepreneur Incubation Centre wants to change all that. By encouraging - and monitoring - a raft of new projects  |  TURBULENT TIDES - Free yacht travel scheme slowly sinking  |  SPECIAL REPORT - 30 doubts for 2019

LEGISLATIVE VORTEX - The government proposed enacting 12 bills during the current legislature. With just one so far approved by the legislative assembly. While three more await their first reading. Eight – or two-thirds of the promised bills – have yet to see the light of day  |  STUDY - Is the Filipino community in Macau shedding its identity?  |  WHAT'S UP, DOC? - Macau wanted to hire 35 Portuguese doctors. With eight "almost certain". But only three have signed on the dotted line. Despite MSAR salaries of up to US$15,000 monthly on offer. What went wrong?   |  BRIDGING THE CREDIBILITY GAP - Multiple questions are surfacing regarding the newly inaugurated Hong Kong-Macau-Zhuhai Bridge. Will it be a smooth ride - or a white elephant? Genuinely better connectivity between the three cities will be the acid test  |  [SPECIAL REPORT] 40 years of mobile phones  |  {CHAMPIONS] 65th Macau Grand Prix Special

DIRECT-TO-DEVELOPER - Property developers have launched a new scheme. Allowing buyers to acquire apartments via a 25-year installment plan. With no need to acquire a bank mortgage A panacea government interventions in the sector?  |  BILL ME LATER - Hong Kong enacted its competition law in 2015. But Macau still doesn't have consumer rights legislation on the books. Despite starting the process four years ago  |  SHADOW BOXING -Triad influence is igniting violence in Macau's youngsters reveals an extensive study to which Macau Business had access  |  SILENCE OF THE LAMB? - Authorities insist: it’s a must to combat rumours. Thus, new legislation is underway. Shoring up other moves purporting to tighten security in the SAR. Critics, however, fear curbs on the freedom of speech  |  TECHNOLOGY - Digital wallet with space for improvement  |  SPECIAL REPORT - Who's afraid of China?

FINGERS CROSSED, FOREVER - Applying for affordable housing in Macau? Like winning the lottery, say many. Then, it's a never-ending wait. With projects – and the government – missing deadlines; in some cases by 15 years  |  HIGH STREET HUSTLE - Commercial property is back. To a more auspicious era, with values soaring. A direct consequence of the city's healthier economy. And faith in the future  |  E-SPORTS MOMENTUM - It's a global phenomenon. And has reached Macau. E-sports cater to younger players, with local investors betting on these super-competitive video games  |  INTERVIEW - André Couto roars back with a vengeance  |  SPECIAL REPORT - 2008 Worst Year

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Macau Business, a 132-page monthly publication, is Macau’s number one English-language newsmagazine. Benefiting from the acumen of and collaboration between journalists, analysts, economists, scholars and policymakers, we work to provide our readers with the best stories and exclusive insights.
Macau Business was launched in May 2004 and was the first independent English-language news medium to become firmly established in Macau.

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Macau Business - January 2021

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