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Permanent Public Housing Application Mechanism Established

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Permanent Public Housing Application Mechanism Established HAVE YOUR SAY TOP COURT CLEARS The Cultural Affairs Bureau YOUNG ACTIVISTS XU BING’S wants to collect information HK’s top court gave three young EXHIBITION from the public regarding democracy activists, including OPENS the condition of Macau’s Joshua Wong, a last chance to heritage sites appeal prison sentences P2 P4 P11 HONG KONG WED.08 Nov 2017 T. 20º/ 26º C H. 65/ 98% facebook.com/mdtimes + 11,000 MOP 7.50 2922 N.º HKD 9.50 FOUNDER & PUBLISHER Kowie Geldenhuys EDITOR-IN-CHIEF Paulo Coutinho www.macaudailytimes.com.mo “ THE TIMES THEY ARE A-CHANGIN’ ” WORLD BRIEFS AP PHOTO Dancing Water halted HONG KONG is set to retain its status as the for ‘technical reasons’ city most visited by P3 MDT EXCLUSIVE international travelers this year in spite of strained relations with mainland China. In a report published yesterday, market research firm Euromonitor International said it estimates 25.7 million arrivals in Hong Kong this year, down 3.2 percent on 2016. Thai capital Bangkok retains second place but its popularity has grown faster than Hong Kong’s, with arrivals up 9.5 percent at 21.3 million. MYANMAR The U.N. Security Council unanimously approved a statement strongly condemning the violence that has caused more than 600,000 Rohingya Muslims to flee from Myanmar to Bangladesh. More on p12 AP PHOTO RUSSIA Thousands of Communist party members and supporters have marched across downtown Moscow to mark the centennial of the 1917 Bolshevik Revolution even as the Russian government is ignoring the anniversary. INDIA A thick gray haze enveloped India’s capital yesterday as air pollution hit hazardous levels, prompting local officials to ask that schools shut down and a half marathon scheduled for Permanent public housing application later in November be called off. P7 AL PLENARY More on backpage mechanism established 08.11.2017 wed th Anniversary 2 MACAU 澳聞 WWW.MACAUDAILYTIMES.COM.MO Exhibition ‘Language & the Number of credit cards Art of Xu Bing’ opens today slightly up HE first solo exhi- Tbition of internatio- CCORDING to billion, of which the nally recognized artist Xu Astatistics released rollover amount totaled Bing will be inaugurated yesterday by the Mone- MOP749.5 million, re- at 6.30 p.m. today at the tary Authority of Ma- presenting 32.5 percent Museum of Art (MAM). cau, the total number of of credit card receiva- Entitled “Language & the personal credit cards is- bles. Art of Xu Bing,” the exhi- sued by banks in Macau The delinquency ra- bition features 30 signifi- stood at 1,168,020 as of tio, which is the ratio cant works by Xu, inclu- the end of September of delinquent amounts ding “Book from the Sky” 2017, equivalent to an overdue for more than and “Book from the Grou- increase of 3.3 percent three months to credit nd”, which the Cultural compared to a quarter card receivables, edged Affairs Bureau views as earlier or an increase of up from 1.38 percent at “the magnum opuses of 13.6 percent compared the end of June to 1.5 his accomplishments and to a year ago. percent at the end of prominence in the inter- Both credit card turno- September. national art arena.” ver and total repaymen- Meanwhile, for the The artist’s new work, ts registered year-on- third quarter of 2017, specially created for this year growth. the credit card turnover exhibition, will also be The numbers of MOP totaled MOP5 billion, presented. The exhibi- cards, HKD cards and up slightly by 0.9 per- tion features a number of RMB cards grew year- cent quarter-to-quarter large-scale installations on-year by 12.9 per- or 6.6 percent year-on- designed by Xu over the cent (to 824,057), 9.8 year. Xu Bing shows his work years, scattered throu- percent (to 92,534) The cash advance tur- gh an exhibition area of and 17.8 percent (to nover was MOP217.2 1,350 square meters on (CAFA), in Beijing in Xu currently resides and Sydney, among other in- 251,429) respectively. million, occupying 4.4 three floors of the mu- 1981, and stayed on as an works in both Beijing and ternational exhibitions, At the end of Septem- percent of total credit seum. instructor, receiving his New York. Xu’s works are winning various awards. ber 2017, the total credit card turnover. Xu was born in Chong- Master of Fine Arts de- frequently shown in ma- The exhibition will run card credit limit gran- Credit card repaymen- qing, China, in 1955 and gree in 1987. He worked jor art museums and art until March 4. MAM is ted by banks in the re- ts, in which payments was raised in Beijing. as Vice President of the institutions around the open daily from 10 a.m. to gion reached MOP28.3 for interest and fees are He obtained his Bache- CAFA from 2008 to 2014, world. He has repeatedly 7 p.m., including on pu- billion, up 3.9 percent included, amounted to lor’s degree in print- and is now a professor been invited to show his blic holidays and is closed from June 30 this year. MOP5.2 billion, up 8.1 making from the Central and advisor to CAFA PhD works at the Venice Bien- on Mondays. Admission Credit card receivables percent from the pre- Academy of Fine Arts students. nale and the Biennale of is free. amounted to MOP2.3 vious quarter. LEGAL WISE BY MdME Jacky Lai Kim Hong* COMMERCIAL ACTIVITY OF CONDOMINIUM MANAGEMENT ith a total area of 30.5 square kilome- approved by the Legislative Assembly on cover the management of condominiums. facilities, like the type of condominiums Wter, Macau is one of the most densely August 7, will come into force on August 21, Another pivotal addition in the law is the we have in Macau, require a highly organi- populated cities in the world. Inevitably, the 2018. emergence of the role of a technical director. zed structure to efficiently execute the daily lack of space equates to squeezing more bui- The first innovation of the newly published A licensed company or sole proprietor must tasks of condominium management and the ldings into less land, and, as we take a quick law is the mandatory application of a license, have at least one technical director, who law also requires condominium managers look at the city, we can see that construction with a term of three years, to be issued by the must hold (at least) a high school diploma to have a first condominium assembly, do- of strata title properties is unexceptional in Macau Housing Bureau, by any company or and have successfully completed the training cumentation archive, insurance against fire, Macau. sole proprietor, who wishes to exercise the course held by the Labour Affairs Bureau in facility maintenance and financial reporting. Further, the increase of the quality of con- commercial activity of condominium mana- management of condominiums. Hence, the mandatory appointment of a te- dominiums and the respective inflation in gement. In a nutshell, it is easy to see that the desire chnical director, who has knowledge of pro- property prices has also led to a higher ex- The law sets out several requirements for of the Macau Government is to not only in- perty management, is capable of pointing pectation of the overall standard of manage- successful approval of the license. The com- crease the duties of the entity responsible of out structural deficiencies and can proceed ment of the condominiums. pany or sole proprietor must not be declared condominium management but also severely with any maintenance duties, is, indeed, a The Macau Government and the Legisla- bankrupt/insolvent, owe any debts to the sanction the violation of the duties imposed step forward. tive Assembly sensed the need to delineate Macau Government and also pay a deposit, by law. Non-compliance can result in fines All things considered, we believe that good and regulate the commercial activity of con- calculated according to the number of uni- ranging from MOP2,000 to MOP500,000, management and tighter supervision of the dominium management by property mana- ts in the condominium. This amount will be suspension of license or interdiction of their Housing Bureau will positively reform the gers, for the improvement of the efficiency of further approved by a Chief Executive dis- management of the condominium, as well as standard and quality of the condominiums the management companies as well as the patch and published in the Official Gazette. criminal liability in case of disobedience. in Macau and it will, beyond any doubt, overall environment of the condominiums. Moreover, if the managing entity is a com- To that point, duties of the condominium boost the value and environment of the cur- As such, a new law regulating the commer- pany, it must have a minimal share capital manager shall not only consist of hiring se- rent real estate market. cial activity of condominium management, of MOP250,000, its registered office must curity guards and/or cleaners to perform numbered as Law no.12/2017, which was be in Macau and its scope of business must daily maintenance chores. Multi-dimension *Associate, MdME Lawyers www.macaudailytimes.com.mo EDITOR-IN-CHIEF (DIRECTOR)_Paulo Coutinho [email protected] A MACAU TIMES PUBLICATIONS LTD PUBLICATION MANAGING EDITOR_Paulo Barbosa [email protected] CONTRIBUTING EDITORS_Eric Sautedé, Leanda Lee, Severo Portela ADMINISTRATOR AND CHIEF EXECUTIVE OFFICER + 4 Million page views Kowie Geldenhuys [email protected] NEWSROOM AND CONTRIBUTORS_Albano Martins, Annabel Jackson, Daniel Beitler, Emilie Tran, Grace Yu, SECRETARY Juliana Cheang [email protected] PER MONTH Ivo Carneiro de Sousa, Jacky I.F.
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