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Macau, Macau Business, MAG, MB, MB Featured, Opinion | In June of this year, a publication entitled ‘Macau’s sustainability and diversification’ noted that Macau’s ‘economic volatility caused by an unbalanced industrial structure restricts the diversified development of society. Economic diversification is the only way for Macau to achieve sustainable development’. Nothing new there, and, anyway, such a singular view is unconvincing. What about other aspects of society? Diversity is not singular, and it requires inclusion.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | New year; old problem. As the pandemic rolls on, so many calls for economic diversification in Macau as a survival strategy have been heard, loud and long, that, as the law of diminishing returns tells us, their effects recede.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Macau should be proud of its protective handling of the Covid-19 pandemic, as it has managed to contain its spread, and many of its citizens have been able to lead a more normal life than in other parts of the world. We should be grateful for this.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Macau used to be very appealing to expatriates from across the world. Its low tax rate (and zero tax for low-paid expatriates), blends of cultures, business opportunities, life style, history, unique features and a host of other attractions fuelled an ongoing supply of foreign nationals to this small, unusual city. It is an interestingly idiosyncratic place in which to live. For many expatriates, Macau has been home, in many cases reaching back more than one generation. This is perhaps unsurprising, as people here are typically exquisitely polite, a delight to be with, and very accepting. Its acceptance of differences in values is an example to countries across the world. Macau is a safe place to live.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Across the world, a civil service job pays well and is secure. Not bad if you can get it, with competitive entry to it by hordes of applicants.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | The world is full of interesting paradoxes that befuddle the mind. Or, as the delightful chapter in Alice in Wonderland put it: ‘‘curiouser and curiouser!’’.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Business 101. When companies plan their business models, typically they must consider, amongst other matters: their products and/or services; demand; market(s) and their environments (economic, political, cultural, social); existing, potential, and likely competition; start-up and ongoing costs and expenses; emergency funding; marketing and promotion; income streams, revenue, and delayed profit; sales; distribution; cash flow; profit margins, gross and net; liabilities; risk analysis, evaluation, and handling; constraints and the ‘what if’ factor; flexibility, adaptability, and adjustment.
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Macau, MNA, Opinion | The Macau government recently approved its first reading of a new bill to attract Macau locals to return to Macau to work. Simultaneously, Macau’s Secretary for Social Affairs and Culture was reported as saying that if Macau could create a better environment and conditions, then ‘local talents who are abroad will surely be interested in returning to Macau’.