Business

Macau power utility makes US$100 million profit in 2019

Macau's Chinese-Portuguese electricity monopoly company CEM made a profit of about MOP 800 million (US$100 million) last year.

2 May, 2020

Imports fall 40.1% in March

Macau's merchandise import fell 40.1% to MOP 4.22 billion in March.

30 Apr, 2020

BNU and ICBC (Macau) jointly promote business between China and the Portuguese-speaking countries

The Banco Nacional Ultramarino (BNU) and the Industrial and Commercial Bank of China (Macau) signed a memorandum of understanding for the joint promotion of business between China and the Portuguese-speaking countries.

30 Apr, 2020

IAM urges wet market vendors to cut fresh pork prices

There were huge price differences of fresh pork throughout the city’s nine wet markets – vendors urged to review whether they ought to cut prices to help the population get through these difficult times in the wake of the COVID-19 pandemic.

28 Apr, 2020

Shoppers turn up at new IKEA store to find it doesn’t let walk-ins

IKEA opened its first store in Macau on Thursday, attracting locals who on turning up at the shop were disappointed to find out that shoppers were only allowed in through an online registration that only provided bookings until May 6, and all places are fully booked.

24 Apr, 2020

IKEA to open on Thursday in Macau

The first local IKEA store will open Thursday in Taipa and the online registration quota for the first week of opening is already full.

21 Apr, 2020

G2E Asia postponed (again) to December, due do COVID-19

Macau's annual Global Gaming Expo (G2E) Asia exhibition has been postponed again due to the COVID-19 pandemic, this time to December 1-3.

17 Apr, 2020

Buses between Hong Kong and Macau suspended from Sunday

The "Golden Bus" shuttle service, that link Hong Kong to Macau through the bridge will be suspended from 6 a.m. Sunday, the bus operator announced Saturday.

5 Apr, 2020

Melco International profit rises 10.5% in 2019

Macau gaming operator Melco International said in a statement on Tuesday that its 2019 profit rose 10.5 per cent to HK$1.8 billion.

1 Apr, 2020

BNU Macau ‘saved’ a critical sale of 500 Chinese ventilators to Portugal

Last week, an order from Portugal for 500 Chinese ventilators was threatened by an offer from another country but was saved "in extremis" by BNU Macau.

31 Mar, 2020

China Import and Export Fair in Guangdong postponed

The 127th session of the China Import and Export Fair, or the Canton Fair, previously scheduled between April 15 and May 5, will be postponed, given the high risk of imported COVID-19 cases.

24 Mar, 2020

SJM Holdings’ net profit rises 12.5% in 2019

Macau gaming operator SJM Holdings said in a statement to the Hong Kong Stock Exchange on Monday that its net profit rose 12.5% year-on-year to HK$3.2 billion in 2019.

16 Mar, 2020

Hong Kong orders quarantine for arrivals from Europe, Korea 

The Hong Kong government says all arrivals from Europe's Shengen bloc and South Korea will have to isolate themselves at home for 14 days starting  March 17 (Tuesday).

14 Mar, 2020

MGM launches more measures to help SMEs hit by COVID-19 crisis

Macau gaming operator MGM has announced further measures to assist small- and medium-sized enterprises (SMEs) in coping with the adverse impact of the COVID-19 epidemic. 

3 Mar, 2020

Government exempts street vendors, stall owners from fees, rentals this year

The Macau government published on Monday an executive order exempting street vendors, secondhand dealers and other traders from paying licence fees this year. 

24 Feb, 2020

16 of 29 hotels closed over COVID-19 threat reopen

Sixteen of the 29 hotels and guesthouses that had closed their doors in Macau in response to the COVID-19 threat have meanwhile reopened.

20 Feb, 2020

29 of Macau’s 41 casinos to reopen tonight

Macau's gaming industry will reopen its doors tonight after its 15-day shutdown by the government as part of the authorities' fight against the novel coronavirus (COVID-19). 

19 Feb, 2020

Government to announce guidelines on public enterprises

The government aims to complete formulating its guidelines on the method the city’s government-owned enterprises should announce their financial information and start implementing the guidelines next month.

14 Jan, 2020

CTM, Angola Cables ink deal, expanding business opportunities

Local telecom operator CTM and Angola Cables have recently signed a Memorandum of Understanding that will enhance digital business opportunities between Macau, mainland China and Portuguese-speaking countries.

9 Jan, 2020

Baidu chief to give talk at UM on autonomous driving: UM

Zhang Yaqin, president of Beijing-based internet giant Baidu, will be giving a lecture on “Advances in Autonomous Driving” on Monday at the University of Macau.

11 Dec, 2019