Business

Sheldon Adelson says he wants to build more in Macau

US casino magnet Sheldon Adelson said on Tuesday he was interested in building even more integrated resorts in Macau now that he has completed the development of all six plots of land he was granted by the government.

14 Sep, 2016

CTM slashes broadband fees, gives unlimited data usage in Macau

Telecom operator CTM is giving all its broadband and fibre broadband customers unlimited data usage and slashes its tariffs from October 1, the company announced on Tuesday. CTM’s CEO Vandy Poon Fuk Hei said in a press conference at the telecom’s head office in Taipa that despite the fact that all CTM customers will have … Continue reading "CTM slashes broadband fees, gives unlimited data usage in Macau"

7 Sep, 2016

Centaline says low property prices in Macau is attracting overseas capital

Property prices and the number of transactions have gone up slightly in the second quarter of this year because Macau’s low prices are attracting overseas buyers to invest in the market, Centaline Macau & Hengqin Property Agency Director Jacky Shek Pou Tak said on Wednesday. The Hong Kong real estate agency’s local office held a … Continue reading "Centaline says low property prices in Macau is attracting overseas capital"

18 Aug, 2016

IPIM to organize Franchise Expo and Guangdong Products Fair this weekend in Macau

Macau Trade and Investment Promotion Institute (IPIM) Executive Director Irene Lau On Monday, Kuan Va said the joint budget for this week’s 2016 Macau Franchise Expo (MFE) and 2016 Guangdong & Macau Branded Products Fair (GMBPF) will be about 16 million patacas. Lau made the remarks during a press conference about the two fairs. The … Continue reading "IPIM to organize Franchise Expo and Guangdong Products Fair this weekend in Macau"

26 Jul, 2016

Macau Legend Development announces investments in Setubal, Portugal

Macau Legend Development signed a memorandum of understanding with the Portuguese municipality of Setúbal, which could reach 150 million euros in the first phase, Macau’s press reported on Thursday. The first phase, due to start in the first few months of 2017, includes the construction of a hotel, a block with 60 apartments, a marina … Continue reading "Macau Legend Development announces investments in Setubal, Portugal"

8 Jul, 2016

Macau Polytechnic Institute to launch Portuguese teacher training courses

Macau Polytechnic Institute (IPM) President Lei Heong Iok said the tertiary education institution would launch Portuguese-language teacher training courses soon. Lei made the announcement on the sidelines of a graduation ceremony for IPM students of the academic year 2015-2016. Lei said that after the launch of a new bachelor’s programme in International Chinese Language Education … Continue reading "Macau Polytechnic Institute to launch Portuguese teacher training courses"

29 Jun, 2016

Shun Tak to build mall with cineplex in Taipa, Macau

Shun Tak Holdings Limited said in a statement on Wednesday that it was partnering with an Abu Dhabi company to build a shopping mall with a cineplex in Taipa that was expected to be operational in 2019. The statement said that the 50/50 joint venture partnership was agreed upon with HIP Company Limited, a wholly-owned … Continue reading "Shun Tak to build mall with cineplex in Taipa, Macau"

23 Jun, 2016

Sharp decline in MICE events in Macau

A total of 191 MICE events were held in the first quarter of 2016, down by 20 per cent year-on-year. Information released on Monday by the Statistics and Census Service indicates that the total number of participants and attendees decreased by 50.4 per cent to 124,960. There were 187 meetings and conferences held in the … Continue reading "Sharp decline in MICE events in Macau"

14 Jun, 2016

Government hopes Macau youngsters will set up shop in Guangdong

The government’s Youth Business Incubation Centre is talking to its counterparts in the China (Guangdong) Pilot Free Trade Zone (FTZ) about encouraging young local people to set up shop in the zone, Economic Services Bureau (DSE) Director Tai Kin Ip said on Sunday. Tai spoke to reporters on the sidelines of the closing ceremony of … Continue reading "Government hopes Macau youngsters will set up shop in Guangdong"

13 Jun, 2016

Macau should build itself into ‘data city’ says Jack Ma

Macau should make use of the Internet and big data to build itself into a data city, Jack Ma, the founder and executive chairman of e-commerce giant Alibaba Group, said at University of Macau (UM) on Monday. Ma, also known as Ma Yun, made the suggestion during a public lecture hosted by the Zhejiang Chamber … Continue reading "Macau should build itself into ‘data city’ says Jack Ma"

7 Jun, 2016

Businesspeople argue that human resource development is “fundamental” for Mozambique

Mozambique needs to develop its human resources, without forgetting the capital needed to implement projects, said Thursday in Beijing the Director-General of Mozambique’s Investment Promotion Centre. Lourenço Sambo was speaking during a session to present business opportunities in Mozambique, held in Beijing, and was part of a state visit by the President of Mozambique, Filipe Jacinto Nyusi. … Continue reading "Businesspeople argue that human resource development is “fundamental” for Mozambique"

20 May, 2016

21st Macau International Fair to invite Portugal as ‘partner country’

The Macau Trade and Investment Promotion Institute (IPIM) will invite Portugal to become the partner country at this year’s 21st Macau International Trade and Investment Fair (MIF), IPIM Executive Director Gloria Batalha Ung said on Thursday. Speaking to reporters on the sidelines of a seminar themed “Ideas from Europe, Ideas from Macau” at Macau Tower, … Continue reading "21st Macau International Fair to invite Portugal as ‘partner country’"

13 May, 2016

Macau, Hong Kong and mainland China aviation bodies sign delta deal

The civil aviation authorities of the mainland, Hong Kong and Macau signed an agreement on enhancing air traffic management co-operation in the Pearl River Delta (PRD) region on Monday, the Macau Civil Aviation Authority (AACM) said in a statement. The trilateral pact was signed in Hong Kong. Macau was represented by AACM President, Simon Chan … Continue reading "Macau, Hong Kong and mainland China aviation bodies sign delta deal"

10 May, 2016

Agencies from Brazil and Macau to further study business missions exchanges

Investment and trade promotion agencies from São Paulo in Brazil and Macau may sign an agreement to intensify the exchange of business missions, ensuring enhanced monitoring on the ground, according to a report from Portuguese-language newspaper Tribuna de Macau. The proposal was presented by the Paulista Agency for Promotion of Investments and Competitiveness (Invests São … Continue reading "Agencies from Brazil and Macau to further study business missions exchanges"

6 May, 2016

Mission to Brazil promotes Macau as a platform between China and PSC’s

Macau’s economic mission is taking part in São Paulo at the “Feira APAS 2016”, an international trade fair for the supermarket sector organised by the Paulista Association of Supermarkets, from the 2nd to the 5th of May. The delegation, organised by the Macau Trade and Investment Promotion Institute (IPIM), will meet with entrepreneurs and institutions to … Continue reading "Mission to Brazil promotes Macau as a platform between China and PSC’s"

4 May, 2016

Macau and Guangdong explore cross-border ecommerce platform

In recent years, China’s e-commerce and online payment markets are getting mature and popular. Smartphone payments tools like Alipay and Wechat are now inseparable from public life. Yet, these markets are still at the beginning stage in Macau. An e-commerce expert from Guangdong suggested the two places to build together an online payment platform, or … Continue reading "Macau and Guangdong explore cross-border ecommerce platform"

17 Apr, 2016

Macau telecom operator makes 1.1 billion patacas profit last year

Local telecom operator CTM made 1.154 billion patacas in profit last year from its mobile, Internet and business solutions services, said the company’s CEO Vandy Poon Fuk Hei . Last year’s profit was up 3.8 percent from the 1.112 billion patacas profit in 2014. According to Poon, with the support of major shareholder CITIC Telecom … Continue reading "Macau telecom operator makes 1.1 billion patacas profit last year"

23 Mar, 2016

Macau airport to stay more convenient than Hong Kong

The chairman of the executive committee of the Macau International Airport Company Ltd. (CAM), Dr Deng Jun, led a delegation to pay a visit to the Civil Aviation Authority of Macau (AACM), where they discussed with Simon Chan, president of AACM, how to enhance cooperation between the two organizations. According to a press statement from … Continue reading "Macau airport to stay more convenient than Hong Kong"

25 Feb, 2016

Catholic university in Macau expects to move to new campus next term

University of Saint Joseph (USJ) Rector Peter Stilwell said on Monday that the university’s new campus in Ilha Verde was expected to become operational in the first term of the 2016/2017 academic year if the construction goes smoothly. Stilwell made the remarks after a signing ceremony of a co-operation agreement between the university, which is … Continue reading "Catholic university in Macau expects to move to new campus next term"

16 Feb, 2016

186 pets adopted from ANIMA Macau in 2015

A total of 186 dogs and cats from the Macau Society for the Protection of Animals’ (ANIMA) shelter in Coloane were adopted last year, a number similar to that of 2014, Kiko Ieong Im Fai, an administrative staff member of the group, said on Sunday. Speaking to reporters at the society’s animal adoption booth near … Continue reading "186 pets adopted from ANIMA Macau in 2015"

15 Feb, 2016