Business

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

Extra flights approved for the Chinese New Year

The Macao Civil Aviation Authority (AACM) has approved 80 extra and charter flights for the Chinese New Year period, double the number of authorized flights during the festive season last year.

6 Feb, 2018

Macau paid 3.32 billion patacas for the construction of the bridge to Hong Kon

Macau has already paid until now about 2.6 billion yuan (3.32 billion patacas) for its share of the construction of the Hong Kong-Zhuhai-Macau bridge, according to Macau television news (TDM).

1 Feb, 2018

The 13’s prime mover quits

Stephen Hung, hitherto the high-profile prime mover behind the troubled The 13 hotel in Coloane has resigned as joint chairman and executive director of The 13 Holdings Limited, according to a statement by the company to the Hong Kong Stock Exchange last week.

29 Jan, 2018

Hong Kong -Zhuhai-Macau bridge could open in May or June

The  Hong Kong-Zhuhai-Macao Bridge will open in the second quarter this year, according to  China Daily.

8 Jan, 2018

M&S Hong Kong and Macau

M&S sells 27 stores in Hong Kong and Macau to partner Al-Futtaim

Marks & Spencer has sold its retail business in Hong Kong and Macau to its franchise partner Al-Futtaim.

4 Jan, 2018

Macau LPG

Dublin-based DCC buys Shell’s Macau LPG business

Shell completed the sale of the first phase of its Hong Kong and Macau LPG marketing business to Ireland’s DCC on New Year’s Eve.

4 Jan, 2018

Angela Leong says she can take all greyhounds

SJM Managing Director and Chief Administrative Officer Angela Leong said Tuesday that if any of the owners of greyhounds at the local racetrack didn’t want their dogs when it closes for good in July, she could take all of them.

3 Jan, 2018

Government shuts Malo clinic for illegal services

The Health Bureau (SSM) has suspended the medical services and sealed the premises of the Taivexmalo Day Hospital at the Venetian in Cotai for a string of illegalities, according to a SSM statement on Friday.

27 Nov, 2017

Landmark Macau

Macau Legend sells the Landmark for HKD4.6 billion

David Chow’s Macau Legend Development Ltd has announced in a filing to the Hong Kong Stock Exchange its intention to dispose of 100 percent equity in the Landmark Macau casino-hotel for some HKD4.6 billion.

13 Nov, 2017

Boao Forum for Asia discusses smart city concept

Monday’s 2017 Boao Forum for Asia Development Summit (Macau) focused on the theme of "Smart City Construction and Development of the Asian Region." The one-day event was held at Sands Cotai Central.

7 Nov, 2017

Kevin Ho Global Media Group

Kevin Ho’s Macau firm buys 30% stake of Portuguese media group

KNJ Investment, headed by local businessman Kevin Ho King Lun, has acquired a 30% stake in Portugal’s Global Media Group for 15 million euros.

7 Nov, 2017

Gambling in Macau brings in overall revenues of US$28.6 billion in 2016

The global revenues of the 10 gaming and gambling companies in Macau in 2016 totalled 229.00 billion patacas (US$28.6 billion), a contraction of 1.8% compared to the figure recorded in 2015, the region’s Statistics and Census Bureau (DSEC) said.

13 Sep, 2017

Govt reveals vehicle tax rebate for Hato damage

Financial Services Bureau (DSF) Director Iong Kong Leong Thursday announced details of a vehicle tax rebate scheme for vehicle owners affected by Super Typhoon Hato.

8 Sep, 2017

Global media group

Local firm to ink Portugal media deal next month

Local businessman Kevin Ho expects to sign a deal with Global Media Group in Portugal next month to acquire 30 percent of the Portuguese group’s capital

18 Aug, 2017

13 luxury hotel

13 holdings misses deadline to open its luxury hotel in Macau

13 Holdings Ltd. missed Monday´s deadline to open its luxury hotel in Macau, a condition of a HKD3 billion (USD384 million) loan from Bank of Communications Co. for the gaming project just off the Cotai strip, according to people familiar with the matter.

1 Aug, 2017

fatal accidents

20 projects suspended after 3 fatal accidents in 3 days

The Labour Affairs Bureau has ordered the full or partial suspension of 20 construction projects after inspecting 74 construction sites on Saturday.

17 Jul, 2017