39
Watching the money
The Monetary authority announced the
strengthening of inspection procedures for the
financial sector to reinforce the supervision of
risk management in the industry. in his annual
Spring Cocktail address, the chairman, anselmo
Teng, said that the authority will keep a close
eye on the financial market and insurance
institutions and warned that internal control
should be strengthened, risk management
enhanced and that efforts should be made
to prevent asset quality deterioration. “There
should be continued endeavour to improve
customer service, enhance quality of service,
seek new business opportunities and proactively
respond and support the macro-economic policy
of the government”, he said. He added that
Macau´s economic fundamentals had improved,
despite the simplicity of the economy. Teng
added the authority will continue to promote
pearl river Delta economic cooperation.
A bridge not too far off
a joint venture of three mainland and two foreign
companies has won the tender to design the
HK$82 billion Hong Kong-Zhuhai-Macau Bridge.
Work is scheduled to begin on December 20,
the 10th anniversary of Macau’s handover and
companies to work wherever, how-
More than 400,000 clients
completion is set for 2015. CCCC Highway
ever and whenever they want to,’’
Consultants, a subsidiary of the Hong Kong-
said Hans Leijtene, Regional Vice
a day, including many
listed China Communications Construction;
President for East Asia, The Regus
Fortune 500 companies,
CCCC First Harbour Engineering; the Shanghai
Tunnel Engineering and rail Transit Design
Group.
This is all rather handy for the
a day benefit from Regus
and research institute; Britain’s Ove arup and
partners Hong Kong; and Danish company
business person on the move, espe-
Group facilities spread Cowi, bid HK$200 million to win the project.
cially throughout Asia where travel
across a global footprint
The 29.6-kilometer long bridge design will
is so necessary for boosting sales and
include tunnels, man-made islands, landscaping
networking. The thought of a location
of 1,000 locations in 450
and environmental protection facilities. it will
throughout the world, run by the same cities and 75 countries
cost 32.6 billion yuan more than the initially
estimated 40 billion and the majority of the
company has a rather convenient ring
payment will be met by a syndicated loan up
to it and is a far more attractive idea allow customers to be connected with to 56.9 billion yuan offered by the Bank of
than trying to connect to unknown their clients who are in Macau,’’ says
China, China Construction Bank, the industrial
wireless networks in a coffee shop Leijtene.
and Commercial Bank of China and the China
and hold meetings on the hoof. Regus have already reached into
Development Bank. Supporting structures will
include an artificial island, east of Hong Kong’s
Of the Macau operation Leijtene mainland China, opening the first ever
Chek lap Kok airport where border crossing
says: “The facilities at Regus Busi- serviced office of its kind in Beijing
facilities will be located. The island will house
ness Centre in Macau are of a very Lufthansa Centre, bringing their total border crossing facilities and will also be
high standard including IT&T infra- number of locations in Asia to 113.
connected to the planned Tuen Mun-Chek lap
structure and modern design. Regus The size of their network means
Kok link and the Hong Kong-Shenzhen airport
has invested a significant amount of promotions are often available and
rail link facilitating passenger connections with
Hong Kong airport.
money in Macau.” if a permanent office is not suitable
for a business need, a more person-
Unemployment likely
Global network al ‘Businessworld’ membership is
available. A card offering four lev-
to remain stable
He sees the Macau business cen- els of choice provides for the use of
The unemployment rate in Macau will remain
tre as a positive addition to the com- the business centres across the world
stable at 4 percent until the end of the year,
pany’s global network: “Adding the while travelling.
according to the director of the labour affairs
Bureau. at present three to four percent of
business centre in Macau adds anoth- Regus may be an established
Macau residents are unemployed, a number
er option for our customers to work global organization but the increase
unlikely to change till the end of 2009. The
physically (a new office) or to set up of its network globally could well be director said that government policies
a virtual office with phone, fax and an indication of how doing business
regarding restrictions on the import of
mail handling, and to do business with is changing as a result of the new
non-resident workers would safeguard the
videoconferencing facilities which economic climate.
jobs of local workers.
april 2009
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