News

Macau lawyers ‘interested in Hengqin partnerships’

Some local lawyers are interested in providing legal services in partnership with their mainland counterparts on Hengqin Island, Macau Lawyers Association (AAM) President Jorge Neto Valente said on Sunday. However, he was quick to add that no one had yet put the idea into practice. Heading an AAM delegation of 19 to Gansu province, Neto … Continue reading "Macau lawyers ‘interested in Hengqin partnerships’"

7 Sep, 2015

Macau economy to contract 16 percent, says Fitch Ratings

Macau secured its AA- rating from the international agency Fitch Ratings, despite its forecast of 16 percent economic contraction in the region this year. According to a press release issued last Friday, the evaluators expressed their belief that the territory was capable of diversifying its economy outside VIP gaming and of withstanding the structural economic … Continue reading "Macau economy to contract 16 percent, says Fitch Ratings"

7 Sep, 2015

Macau lawmaker Pereira Coutinho wins the undisputed elections for the Council of the Portuguese Comm

The list headed by lawmaker Pereira Coutinho won the undisputed elections for the Council of the Portuguese Communities, the advisory body for Government policies on emigration and Portuguese communities abroad. The Portuguese Consulate in Macau hosted a trouble-free election that saw only around 2,200 voters from the 15,000 registered to vote. This time the Consulate … Continue reading "Macau lawmaker Pereira Coutinho wins the undisputed elections for the Council of the Portuguese Comm"

7 Sep, 2015

Macau lawmaker Pereira Coutinho wins the undisputed elections for the Council of the Portuguese Comm

The list headed by lawmaker Pereira Coutinho won the undisputed elections for the Council of the Portuguese Communities, the advisory body for Government policies on emigration and Portuguese communities abroad. The Portuguese Consulate in Macau hosted a trouble-free election that saw only around 2,200 voters from the 15,000 registered to vote. This time the Consulate … Continue reading "Macau lawmaker Pereira Coutinho wins the undisputed elections for the Council of the Portuguese Comm"

7 Sep, 2015

Macau Acting Chief Executive urges local youths to learn from history

Local youths should learn from history and cherish peace, Acting Chief Executive Wong Sio Chak said on Thursday, adding that Macau people’s contributions to their nation’s war of resistance against Japanese aggression were enormous. Even though Portugal, which ruled Macau at that time, remained neutral during World War II, many local residents actively supported their … Continue reading "Macau Acting Chief Executive urges local youths to learn from history"

4 Sep, 2015

Austerity in Macau to stay even if casino income rises this month said Chui

The austerity measures announced by the government on Monday will not be cancelled even if the city’s gross gaming revenues rebound to over 20 billion patacas this month, Chief Executive Fernando Chui Sai On said on Wednesday. Chui spoke to reporters at the local airport before departing for Beijing to attend Thursday’s V-Day parade. On … Continue reading "Austerity in Macau to stay even if casino income rises this month said Chui"

4 Sep, 2015

Austerity in Macau to stay even if casino income rises this month said Chui

The austerity measures announced by the government on Monday will not be cancelled even if the city’s gross gaming revenues rebound to over 20 billion patacas this month, Chief Executive Fernando Chui Sai On said on Wednesday. Chui spoke to reporters at the local airport before departing for Beijing to attend Thursday’s V-Day parade. On … Continue reading "Austerity in Macau to stay even if casino income rises this month said Chui"

4 Sep, 2015

Macau Acting Chief Executive urges local youths to learn from history

Local youths should learn from history and cherish peace, Acting Chief Executive Wong Sio Chak said on Thursday, adding that Macau people’s contributions to their nation’s war of resistance against Japanese aggression were enormous. Even though Portugal, which ruled Macau at that time, remained neutral during World War II, many local residents actively supported their … Continue reading "Macau Acting Chief Executive urges local youths to learn from history"

4 Sep, 2015

Macau’s gambling revenue tumbles 35.5 percent in August

Macau’s casino malaise deepened in August, with gaming revenue falling a 15th straight month as the recent opening of new gambling resorts failed to rouse a return of mainland Chinese visitors over the popular school holiday season. Gross gaming revenue fell 35.5 percent to 18.6 billion patacas (USD2.3 billion), widening from July’s 34.5 percent drop, … Continue reading "Macau’s gambling revenue tumbles 35.5 percent in August"

2 Sep, 2015

Macau casino revenue plunge triggers austerity measures

Responding to Tuesday’s 15th straight monthly plunge in casino revenue, the government announced – as widely expected – austerity measures to control public expenditure. The move came after the city’s gross gaming revenue in the first eight months of this year fell below the government’s previously announced “red line” of a monthly average of 20 … Continue reading "Macau casino revenue plunge triggers austerity measures"

2 Sep, 2015

Macau casino revenue plunge triggers austerity measures

Responding to Tuesday’s 15th straight monthly plunge in casino revenue, the government announced – as widely expected – austerity measures to control public expenditure. The move came after the city’s gross gaming revenue in the first eight months of this year fell below the government’s previously announced “red line” of a monthly average of 20 … Continue reading "Macau casino revenue plunge triggers austerity measures"

2 Sep, 2015

Chief Executive of Macau urges residents to care about heritage sites

Fernando Chui Sai On acknowledged on Tuesday that the government is facing the dilemma of promoting the city’s development and protecting its heritage sites at the same time, but pledged that if “most residents” agreed to protect any building or sites which they thought were worthy of preservation the government would do its best to … Continue reading "Chief Executive of Macau urges residents to care about heritage sites"

2 Sep, 2015

Chief Executive of Macau urges residents to care about heritage sites

Fernando Chui Sai On acknowledged on Tuesday that the government is facing the dilemma of promoting the city’s development and protecting its heritage sites at the same time, but pledged that if “most residents” agreed to protect any building or sites which they thought were worthy of preservation the government would do its best to … Continue reading "Chief Executive of Macau urges residents to care about heritage sites"

2 Sep, 2015

Macau’s GDP shrinks 26.4 percent in Q2 – lowest since 2011

Macau’s gross domestic product (GDP) dipped to its lowest since 2011 as high-stakes gamblers avoided the world’s largest casino market amid the mainland’s widening crackdown on graft and an economic slowdown. GDP tumbled 26.4 percent year-on-year in real terms in the second quarter, the Statistics and Census Bureau (DSEC) said in a statement. The drop … Continue reading "Macau’s GDP shrinks 26.4 percent in Q2 – lowest since 2011"

1 Sep, 2015

Macau’s trade balance with US$5.432 billion deficit from January thru July

Macau’s trade balance posted a 43.463 billion patacas (US$5.432 billion) deficit in the period from January through July, down 2.89 percent over the 44.760 billion recorded in the same period of 2014, indicates the Statistics and Census Service. During the first seven months of the year Macau exported products worth 6.397 billion patacas, up 10.6 … Continue reading "Macau’s trade balance with US$5.432 billion deficit from January thru July"

1 Sep, 2015

Macau government to invest up to 20 billion patacas in Guangdong and Fujian

Macau government is still discussing with its Guangdong and Fujian counterparts plans to invest 10 billion to 20 billion patacas of the city’s financial reserves in the two provinces’ infrastructure projects, Chan Sau San, a member of the board of directors of the Macau Monetary Authority (AMCM) said on Sunday, adding that the government would … Continue reading "Macau government to invest up to 20 billion patacas in Guangdong and Fujian"

31 Aug, 2015

BNU plans to open Hengqin branch

Local lender Banco Nacional Ultramarino (BNU) is applying to the mainland authorities to set up a branch on Hengqin Island, the Portuguese bank’s executive director Ronald Kan Cheok Kuan said on Thursday, adding that BNU was also in discussion with the University of Macau (UM) about opening a branch on its new campus on the … Continue reading "BNU plans to open Hengqin branch"

28 Aug, 2015

Macau package tours to Bangkok axed until Sept. 10

Macau Travel Industry Council President Andy Wu Keng Kuong said on Wednesday that all package tours to Bangkok would be cancelled until September 10. The move came after a deadly bomb explosion, which killed 20 people, including two female Hong Kong tourists, in the Thai capital on the night of August 17. According previous announcements … Continue reading "Macau package tours to Bangkok axed until Sept. 10"

27 Aug, 2015

Macau government mulls creating jobs for elderly

Social Welfare Bureau (IAS) Director Iong Kong Io said on Wednesday that his bureau was working with relevant government entities to look for ways to provide jobs for senior citizens in the future. Iong was responding to a caller during a phone-in programme at Ou Mun Tin Toi, the Chinese-language radio channel of government broadcaster … Continue reading "Macau government mulls creating jobs for elderly"

27 Aug, 2015

Macau inflation returns to 4.76 percent in July

The consumer price index last month rose by 4.76 percent year-on-year to 106.13, down from 4.91 percent the preceding month, reported the Statistics and Census Service. The increase was said to be due to higher rentals for dwelling and rising costs of eating out. Compared to July 2014, notable hikes were seen in the price … Continue reading "Macau inflation returns to 4.76 percent in July"

26 Aug, 2015