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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
 
 

Macau and PRD Face Green Challenges: Second Delta Inter Chamber Event


Posted: 10/1/2010 7:33:28 AM
Rating:     62% (13 votes)
  

The Pearl River Delta just became a little bit smaller.

It was an unparalleled opportunity for regional chamber of commerce members, business people, and others to network, exchange information, and forge new friendships.

The first part of the event consisted of a half-day conference on green technology, while the evening was devoted to a cocktail party/networking session.

Conference panelists included Antonio Trindade, President and CEO of CESL Asia – Investments &

Services, Limited – Macau; Richard Whitfield, Professor, School of Intelligent Systems and Technology at the University of Saint Joseph; Stephen Browne, CEO of Beepo; and Herman Ching Tze Wood, Assistant Professor at the University of Macau.

In opening remarks, Trindade emphasized that, in terms of sustainable development, Macau “is in a unique situation.” Even given the national Chinese government’s acknowledgement that development and use of energy resources must become more sustainable in regards to growth, “in Macau,” he says, “this problem is even more severe: our energy and water all must come from elsewhere.”

Panel moderator Paulo A. Azevedo, from Macau Business, posed a question to the conference: “with Macau’s rapid growth,” he asked, “are we aware of the challenges?”

“Everyone is aware,” responded Trindade, “but a sense of urgency is not there.”

Whitfield, who is currently involved in a “green campus” construction project at USJ, agreed. While noting that construction was proceeding, the project, which includes rooftop gardens to minimize use of air conditioning and rain water storage to water gardens, has faced several hurdles. “We face many time-related difficulties,” he said. “Approval for construction, finding labor…all these things are difficult.”

With the general agreement of other panelists, Whitfield also pointed out that Macau’s regulatory framework for electricity needs to be reworked. “In Macau, you cannot sell power back to the grid,” he said. “If you cannot sell power to the grid, you must store energy, which doubles the price of the system. “

“I don’t think that green construction is a government priority right now in Macau, “said Whitfield. “Rather than subsidies, I would like to see the government lead by example. There are a number of government buildings that could be improved with green projects.”

In the second half of the conference, Herman Wood from UMAC echoed calls for sustainable development while discussing his work on electric vehicles. “In 2008,” he said, “China became the second-biggest market for automobiles.” Keeping this in mind, he noted, “We must look to the future and anticipate a point at which oil production will peak.”

Browne, CEO of Beepo, a company in Shenzhen which develops and produces electric commercial vehicles, was cautiously optimistic that electric vehicles could provide one avenue towards increased sustainability. There are many issues to be resolved, he acknowledges, “for example, battery recycling, etc,” but “our company is first developing, and bringing to the market, electric commercial vehicles, because their use and driving times are more easily predicted.”

After the conference adjourned, participants as well as other chamber members, business people, and special guests retired to the Mandarin Oriental bar, for an evening of networking. Over 200 people attended, with many coming from Zhuhai.

This event was organized by Delta Bridges, Macau Business, and Work in Progress. Sponsors included the University of Saint Joseph, CEM, CESL Asia, and the European Union Business Information Programme.

Participating chambers included Amcham, Luso Chinesa, the German chamber, BBAM, Austcham, the France Macau Business Association, Cancham and the European Chamber of Commerce in Hong Kong.

-Delta Bridges, John Wieja



Other Macau Latest News

TransAct appoints new sales manager for Asia

Rashid Suliman will be responsible for the sales of the company’s products in Macau

Venetian hosts Ice World

The exhibit will last until September 16

Melco Crown to participate in Dragon Boat races

Around 50 Melco Crown employees have joined forces to form two teams

Bank tellers with two-digit salary growth

Wage increases outpace the inflation rate
Headlines

Final review on rules for smoking areas inside casinos

Casinos will have to divide their floor into smoking and non-smoking areas starting next year

Homes more expensive

The average transaction price of all residential units sold in the first three months of 2012 reaches a new all-time high

Sands China renews Edward Tracy’s contract

The company’s president and CEO has had his contract extended until August next year

Studio City to receive casino approval “soon”: report

Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports

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