BUSINESS

Today’s Macau business news round-up

TAGs: land premiums, light railway, Macau, The Sands Cotai Central, The Sheraton Macao Hotel, Transportation Infrastructure Office

macauThe Sheraton Macao Hotel, which is planned to open at The Sands Cotai Central in the Chinese gambling centre has announced a large-scale recruitment drive for the local market from 2-4 March. In a report by Macau Business, managing director of Sheraton Macao Hotel, Josef Dolp, said: “Hiring the right candidates is crucial to our mission to deliver the world-class service for which Sheraton is globally renowned. We’ll also be recruiting in Macau’s universities to find high potential graduates to train and develop within Sheraton Macao Hotel.” The 3,863-room Sheraton Macao Hotel will be both the largest hotel in Macau and Starwood Hotels and Resorts’ largest hotel in its 1000+ portfolio.

In other Macau news, the government is deliberating on a decision to come up with a new method to calculate land premiums. As Macau Business has highlighted, the secretary for transport and public works said his bureau has commissioned a study on the current market situation and is not ruling out the possibility of introducing assessment methods used in neighbouring regions.

Other Macau development reports have stated the Transportation Infrastructure Office has announced the city’s light rail transit system construction will start tomorrow in Taipa. The development will run for 26 km and connect the Border Gate to the airport. There has been no report on fare charges as of yet but there’s plenty of time for decisions to be made as the scheme will take three years to complete. It is destined to bring even more visitors to the city’s burgeoning tourism industry.

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