Business

Airport logs record 8.2 million passengers in 2018

Macau’s airport handled a record 8.26 million passengers last year, a 15 percent growth year-on-year, its operator announced Thursday.

4 Jan, 2019

MJC pledges to invest up to 4.5 billion patacas

The Macau Jockey Club (MJC) has promised to spend between 3.5 billion and 4.5 billion patacas on revamping its racetrack in Taipa, lawmakers were told Thursday.

4 Jan, 2019

Macau, mainland ink new air transport deal

The civil aviation authorities of mainland China and Macau signed an air transport deal in Beijing this week.

29 Nov, 2018

Air Macau adds three new Airbus aircraft to its fleet

In the first half of 2019 Air Macau is scheduled to take delivery of three new A320neo Airbus aircraft that were ordered from BOC Aviation, the Bank of China group company said in a statement.

22 Nov, 2018

Lawrence Ho’s ‘family office’ launches pataca bond

Lawrence Ho Yau Lung’s “family office” Black Spade Capital launched the world’s first pataca-denominated corporate bond Tuesday with Tai Fung Bank.

31 Oct, 2018

Two  public bus routes to begin 2 hours before delta bridge opens

Two local public bus routes travelling between the Macau border checkpoint on the Hong Kong-Zhuhai-Macau Bridge (HZMB) and the peninsula (101X), and between the checkpoint and Taipa (102X), will start at 7 a.m. tomorrow, two hours before the commencement of the operation of the delta bridge at 9 a.m.

23 Oct, 2018

Macau government mulls stronger support to young start-uppers: Chui

Chief Executive Chui Sai On said Monday that his government will study how to provide stronger support to young business start-uppers.

9 Oct, 2018

BNU Macau wants to boost relations with local small and medium-sized enterprises

Macau's Banco Nacional Ultramarino (BNU) is looking to increase support for the more than 40,000 small and medium-sized enterprises (SMEs) in the territory, said Carlos Cid Álvares, the bank's chief executive told the Tribuna de Macau newspaper.

3 Oct, 2018

CTM hopes govt can grant 5G licences next year

Telecom operator CTM CEO Vandy Poon Fuk Hei said Thursday his company hopes the government will be able to start granting 5G licences next year so that his company could start the city’s 5G network service in 2020 in line with neighbouring regions.

28 Sep, 2018

Five telecom base stations to be moved from low-lying areas

Local telecom companies plan to move five of their base stations away from the city’s low-lying areas and are looking for alternative locations, Post and Telecommunications Bureau (CTT) Director Derby Lau Wai Meng said Thursday.

21 Sep, 2018

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