Business

CTM chief says data centre in HK provides extra back-up

Telecom operator CTM opened its first data centre outside Macau in Hong Kong Thursday, with the company’s CEO Vandy Poon Fuk Hei saying that it would provide an extra back-up service, as well as enhance the security and reliability of data management for its customers.

20 Sep, 2018

Macau government grants construction time exemption to ensure checkpoint project’s schedule  

The government has allowed the construction of the new Macau-Zhuhai border checkpoint project at Ilha Verde to be carried out from 8 a.m. to 10 p.m. every day, by issuing an exemption to the statutory restrictions on the period allowed for construction work to be carried out.

21 Aug, 2018

Macau police contact 32 victims in cryptocurrency mining case

Up to Thursday, the Judiciary Police (PJ) had contacted 32 victims in a suspected cryptocurrency investment scam, with total losses amounting to at least HK$12.4 million, PJ spokesman Choi Ian Fai said during a regular news briefing in Zape Thursday.

17 Aug, 2018

Macau Government launches tender for 200 ‘green’ radio taxis

The Transport Bureau (DSAT) said in a statement Wednesday that it has launched a tender for a company licence to operate up to 200 special radio taxis and that the winning bidder will have to buy hybrids or other environmentally-friendly cabs.

16 Aug, 2018

CCAC says received complaint about handling of greyhounds  

The Commission Against Corruption (CCAC) told local media Wednesday that it had received a complaint earlier in the day about the ongoing process of looking after the greyhounds left behind at the closed Canidrome and their relocation.

9 Aug, 2018

No timetable for Land Law changes: Chan

Secretary for Administration and Justice Sonia Chan Hoi Fan said Monday the government was studying the various issues possibly resulting from the implementation of the current Land Law that took effect several years ago.

7 Aug, 2018

Macao int’l airport passenger traffic reaches new record in July

Macao int'l airport passenger traffic reaches new record in JulyMacao International Airport (MIA) experienced its busiest month ever in this summer, as over 740,000 passenger movements were recorded in July 2018, MIA said on Thursday in its air traffic report.

3 Aug, 2018

Graft busters to probe Viva Macau loans

The Commission Against Corruption (CCAC) has announced that it will investigate loans worth 212 million patacas granted by the Macau government about a decade ago to the now defunct local airline Viva Macau.

30 Jul, 2018

TOP court orders government to reassess quotations for LRT depot project

The Court of Final Appeal (TUI) said in a statement yesterday that it has rejected an appeal by Chief Executive Fernando Chui Sai On against a ruling by the Court of Second Instance (TSI) in March, which determined that the government would need to reassess the rival quotations submitted by seven construction companies for the construction of the depot of the Light Rail Transit (LRT).

25 Jul, 2018

Govt ‘unable’ to recover 212 million patacas Viva Macau loan

The Economic Services Bureau (DSE) said in a statement Sunday that it was unable to recover a 212 million patacas (US$ 26,424 million) loan granted to locally incorporated airline Viva Macau in 2008-09 and the latter’s Hong Kong-registered Eagle Airways as guarantor.

23 Jul, 2018

Macau-company abandons 533 greyhounds after Canidrome closure

The Macau (Yat Yuen) Canidrome Co. Ltd. has abandoned 533 greyhounds at the Canidrome on Friday night after the government refused their proposal to keep the Canidrome operational in order to keep the animals.

21 Jul, 2018

Light Rail Transit budget rises to US$ 2 billion: lawmaker

The government’s latest overall budget for the Light Rail Transit (LRT) project amounts to 16.4 billion patacas ( US$ 2.05 billion) – but not including the still unscheduled LRT peninsula section, Mak Soi Kun, who heads the legislature’s Follow-up Committee for Public Finance Affairs, quoted government officials as saying.

18 Jul, 2018

Airport logs 4 million passengers in 1H    

Macau’s airport recorded 4 million passengers in the first half of the year, a year-on-year growth of 20 percent, Ma Iao Hang, chairman of the board of directors of the Macau International Airport Company (CAM) has announced.

18 Jul, 2018

HK- Macau bus fee to range between HKD 170 and HKD 220  

One Bus Hong Kong Macau Limited’s Chairman Teddy Chung disclosed that tickets for cross-border bus services between Hong Kong and Macau, over the Hong Kong-Zhuhai-Macau Bridge (HKZMB), will have a price tag ranging from HKD170 up to HKD220.

21 Jun, 2018

Polytex wants 60 billion patacas compensation from govt: report

The locally registered Polytex Import and Export Co. Ltd. will demand from the government at least 60 billion patacas in compensation if the government fails to grant the land concession of the mothballed Pearl Horizon mixed-used property project to company again, the Portuguese-language newspaper Hoje Macau reported.

6 Jun, 2018

Polytex vows to sue govt after Pearl Horizon ruling

Polytec Asset Holdings Limited said Thursday it was of the view that its Macau-registered affiliate Polytex Import and Export Company Ltd. “has strong legal grounds and arguments to seek compensation” from the Macau government “for losses and damages” concerning its mothballed Pearl Horizon property project.

25 May, 2018

Govt says e-payment rising fast in city

There are over 8,000 mobile payment terminals set up in shops in Macau, Economic Services (DSE) Director Tai Kin Ip said Tuesday, pointing out that as e-payments are rising fast in the city, the government is studying the possibility of supporting small business owners planning to install the required equipment.

25 Apr, 2018

HK$80 from Hong Kong to Zhuhai on mega bridge – exclusive bus rights go to Pansy Ho’s firm

A transport firm run by the daughter of Macau casino kingpin Stanley Ho Hung-sun looks set to be the biggest winner when the Hong Kong-Zhuhai-Macau bridge opens, after her company won the exclusive rights to run shuttle buses across the multibillion-dollar link, according to the South China Morning Post (SCMP) today.

31 Mar, 2018

Agriculture Bank of China opens branch in Macau

The state-owned Agricultural Bank of China (AgBank or ABC), one of the nation’s “Big Four” banks as well as one of the largest banks in the world, opened a branch in Macau Wednesday.

29 Mar, 2018

CEM profit rise 6.3 pct to 793 million patacas in 2017

Macau’s electricity utility CEM announced Wednesday a net profit of 793 million patacas for last year, a year-on-year increase of 6.3 percent.

29 Mar, 2018