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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

The advisor conundrum

Issue 25 (5/2006)
Posted: 2/26/2010 1:14:22 PM
Rating:     0% (0 votes)
  





But instead of returning the former bosses to their original positions, the tradition of “saving face” has an additional problem: what to do with the undesirables?
This undesirability results either because they caused considerable indigestion – I believe that was the case of former Commissioner of Audits, Fátima Choi – or because they showed a limited ability to fulfil the post, or even because they used the post for personal gain instead of using their experience to enhance their performance.
Most of these have recently been catapulted to advisory posts, a golden cage that welcomes them all equally.
We may ask: if they weren’t fit for the job, why did they last a decade? Simple: Edmund Ho Hau Wah’s administration was partially characterised by managing compromises and priority solving.
If matters weren’t deemed to be a priority or there was no need to deal with certain compromises, then those questions could be put on the back burner.
The change of government has allowed for certain structural shifts. Unfortunately, not all required changes have been performed.
We would need a monthly cabinet reshuffle and capable people with the vocation to occupy the vacant posts. As we know, the first scenario is not contemplated in the Basic Law and the second would be like reaching Nirvana in the middle of a nightmare.
So, what is the solution to prevent a recurrence of the problem?
Obviously, it’s a mission impossible, but that doesn’t prevent us from imagining idyllic scenarios.
For example, instead of being regarded as a job for life, a public administration job should be just another professional option, with the inherent risk of termination in case of excessive incompetence or stupidity.
Public jobs should work the same way as private jobs. If a certain boss is incapable, that individual should move on and do something else.
“As long as facilitating practices and clientele exist, with the notion that incompetence is not to be discussed as long as people are loyal, we’ll never be more than a second grade city.”



by Paulo A. Azevedo

Headlines

Facts on Figure April 2010

Home truths

A comprehensive study into Macau's property market says flexibility and caution should be the watchwords as officials shape the future of public and private housing. But most of all, home ownership should be promoted.

Lap of luxury

The Waterside in One Central on the edge of Nam Van Lake is the jewel in the crown of Macau Property Opportunities Funds portfolio. Leasing has just started and prospects are looking good .

Winning bet

A couple of hiccups aside, the Macau Property Opportunities Fund has sailed through the global financial crisis, seeing its asset value increase. The company believes its investment choices have left them well positioned. A Hong Kong listing would make sense, they say, but investors will have the final say.
Other Macau Latest News

More than just gaming

MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming

Okada on ‘fishing expedition’

Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened

Galaxy to sponsor volleyball tournament

The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix

New border crossing could drive up shop prices

Property experts say prices in Ilha Verde area could go up 10-fold

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2. Steve Wynn wants to start works in Cotai “before June”
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4. Macau casinos take in MOP25 billion in April
5. U.S. company now Wynn Resorts’ biggest shareholder
 
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