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
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
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
The Macau (Yat Yuen) Canidrome Co. Ltd. has abandoned 533 greyhounds at the Canidrome on Friday night after the government refused their proposal to keep the Canidrome operational in order to keep the animals.
21 Jul, 2018
The government’s latest overall budget for the Light Rail Transit (LRT) project amounts to 16.4 billion patacas ( US$ 2.05 billion) – but not including the still unscheduled LRT peninsula section, Mak Soi Kun, who heads the legislature’s Follow-up Committee for Public Finance Affairs, quoted government officials as saying.
18 Jul, 2018
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
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
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
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
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
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
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
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 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
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
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 will launch scheduled flights to Europe this year, the Macau International Airport Company (CAM) said.
9 Mar, 2018
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
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
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