Business

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

CTM to start testing 5G by year end

CTM CEO Vandy Poon Fuk Hei said Wednesday that his company would start tests on its 5G network by the end of this year, and that it would be able to launch 5G at the same pace as the mainland and Hong Kong.

29 Mar, 2018

Macao Water profit rises 20 pct, investment up 256 pct  

Macau’s water utility SAAM – commercially known as Macao Water – reported Tuesday an after-tax profit of 77.5 million patacas for last year, a year-on-year increase of about 20 percent.

28 Mar, 2018

Delta bridge paves foundation for B&R Initiative: chief engineer

The chief engineer of the Hong Kong-Zhuhai-Macau Bridge, Su Quanke, said Thursday in Beijing that the completion of the mega-bridge project paves the foundation for the development of the country’s Belt and Road Initiative (BRI).

16 Mar, 2018

Macau to launch flights to Europe this year

Macau will launch scheduled flights to Europe this year, the Macau International Airport Company (CAM) said.

9 Mar, 2018

Macao Water to built another elevated water tank in Taipa

Macao Water Executive Director Nacky Kuan Sio Peng said Wednesday that Big Taipa Hill or Small Taipa Hill were possible sites where the company plans to build one more elevated treated water tank

8 Mar, 2018

Government approves extension of horse race concession until 2024

The Macau government has approved an extension of the city’s horse racing concession for a period of 24 years and six months, the Secretary for Economy and Finance, Leong Vai Tac said today.

27 Feb, 2018

New ‘Water Market’ to open next week

Civic and Municipal Affairs Bureau (IACM) President Jose Fonseca Tavares said Monday that the new Patane Market Municipal Complex will come into service next Tuesday.

27 Feb, 2018

Delta bridge Macau car park to have 3,000 spaces for HK cars

The East Car Park at the border checkpoint of the Hong Kong-Zhuhai-Macau (HKZM) Bridge will have a capacity of 3,000 spaces for Macau-bound drivers of Hong Kong-registered cars.

22 Feb, 2018

Home prices rise 16.8 pct in 2017: official

The average price of homes reached 100,822 patacas per square metre (10,670 square foot) last year, an increase of 16.8 percent year on year, the Statistics and Census Bureau (DSEC) said in a statement Wednesday

22 Feb, 2018

Developer possibly victim of Coloane plot fraud: anti-graft chief

Commissioner Against Corruption (CCAC) Andre Cheong Weng Chon said Wednesday that the developer of a -currently suspended- highrise residential building project on a plot at the bottom of Coloane Hill is possibly a victim of a fraud case surrounding the plot that was revealed by the CCAC earlier this week.

8 Feb, 2018

Steve Wynn Resigns From Company Amid Sexual Misconduct Allegations

The casino mogul Stephen Wynn resigned Tuesday as chairman and chief executive of his company, Wynn Resorts, in response to sexual misconduct allegations spanning decades, according to The New York Times.

7 Feb, 2018

Graft busters suspect fraud over Coloane Hill plot

The Commission Against Corruption (CCAC) says in a hard-hitting report Tuesday it has discovered possible administrative illegalities, fraud and other possible crimes concerning the inheritance of the ownership of a plot at the bottom of Coloane Hill on which was previously planned a – meanwhile suspended – high-rise residential building project.

7 Feb, 2018