Paul Tse, the head of Keck Seng Group, one of Macau’s biggest real-estate developers, said the sector’s best is yet to come in anticipation of the next phase of growth driven by human capital expansion. In an interview with the Macau Inc. Magazine, the top executive of the group that built Ocean Gardens, said what … Continue reading "Real-Estate business better in the future says Paul Tse"
11 Mar, 2013
The Macau Monetary Authority (AMCM) said in a statement Thursday that it was “highly” concerned about a local company claiming that it would pay “the highest prices” to purchase the city’s commemorative Chinese zodiac 10-pataca banknotes, vowing that it would ensure the “normal” circulation and supply of the city’s pataca currency. The quasi-central bank also … Continue reading "Govt vows to ensure ‘normal’ currency circulation"
8 Mar, 2013
Macau needs to educate talented people and diversify its development in the current good times, to better prepare for possible difficulties in the future said Chinese deputy Prime Minister Zhang Dejiang in a meeting with Macau’s deputies to the National People’s Congress in Beijing. Zhang, a member of the Standing Committee of the Political Bureau … Continue reading "Chinese deputy PM ask Macau to diversify and prepare for the future"
8 Mar, 2013
Lawmakers urged the government Wednesday to stipulate in its amendment bill on land use that all information on any plot of land exempted from public tender must include the reasons for the exemption and the size of the respective plot, according to directly-elected lawmaker Kwan Tsui Hang who heads the legislature’s First Standing Committee. Kwan, … Continue reading "Lawmakers urge govt to list reasons for exempting land from public tender"
7 Mar, 2013
Representatives of a recently-established trade union for the gaming industry’s “frontline workers” urged the Health Bureau (SSM) Wednesday to ensure that it has inspectors on duty in the city’s casinos 24 hours a day to enforce a strict smoking ban in the non-smoking areas of the casinos. The union also urged the government to review … Continue reading "Gaming workers call for anti-smoking sleuths in casinos 24 hours"
7 Mar, 2013
Public Security Police (PSP) Commissioner Lei Siu Peng said Tuesdaythat despite a relatively high number of job vacancies in the police force that needed to be filled, there were still enough officers to serve the public and maintain law and order. Lei said that the PSP currently employed about 4,500 officers, of which roughly 1,000 … Continue reading "Police chief says enough staff to ensure public security"
6 Mar, 2013
At the end of 2012 the population in Macau was estimated at 582,000 an increase of 4%4 year-on year, according to the Statistics and Census Service (DSE), with female accounted for 51.8% of the total population. As regards the age structure, the elderly population (aged 65 and over) took up 7.7% of the total, up … Continue reading "Macau population totaled 582,00 at the end of 2012"
6 Mar, 2013
Chief Executive Fernando Chui Sai On said Monday that thorough research will be carried out to assess the effect of the mainland’s individual visit scheme on the city’s economic development in the past 10 years, vowing that the scheme will never be allowed to have an adverse impact onresidents’ quality of life. Chui made the … Continue reading "Chui vows not to let tourism affect residents’ quality of life"
5 Mar, 2013
Pupils who go to tutorial classes after school have a lower reading ability and understanding of their subjects than pupils who do not go to tutorial classes. This is one of the surprising findings of a study conducted in Macau by the University of Hong Kong (HKU) Centre for Advancement of Chinese Language Education and … Continue reading "Study shows tutored pupils have lower reading ability than non-tutored ones"
1 Mar, 2013
Macau recorded 21,810 visitor arrivals from Thailand last month, a year-on-year growth of 81 percent, the Statistics and Census Bureau (DSEC) announced Tuesday. However, the total number of visitors in January dropped 6.1 percent to 2.31 million. The decline could be explained by the fact that last year’s Chinese New Year fell in January, while … Continue reading "81 pct more Thais visit Macau in January"
27 Feb, 2013
Banco Nacional Ultramarino (BNU) has donated 1.2 million patacas to local charitable organisation Tung Sin Tong, the Portuguese bank that co-issues Macau’s legal tender said in a statement. Last week’s donation ceremony was attended by Tung Sin Tong President Chui Sai Cheong and BNU Chief Executive Officer Pedro Cardoso. Established in 1892, Tung Sin Tong … Continue reading "BNU donates 1.2 million patacas to Tung Sin Tong"
26 Feb, 2013
Safeguarding China’s national sovereignty while preserving the prosperity of the Macau Special Administrative Region (MSAR) are core considerations in creating central government policies for Macau, the nation’s top legislator said in a speech Thursday. They are also guiding principles for the central government in handling Macau affairs, Wu Bangguo, chairman of the National People’s Congress … Continue reading "NPC chief stresses Macau’s prosperity and national sovereignty"
22 Feb, 2013
National People’s Congress (NPC) Standing Committee Chairman Wu Bangguo said Wednesday he trusts that Chief Executive Fernando Chui Sai On and his government will continue to manage Macau well and score new achievement, after his predecessor Edmund Ho Hau Wah achieved sustainable growth for the local economy, improved people’s livelihood and made Macau’s civil society … Continue reading "NPC chief trusts Macau’s CE, govt will score new achievements"
21 Feb, 2013
Macau’s Chinese New Year visitor arrivals rose 13.6 percent to 1.28 million compared to last year’s holiday period, the Government Information Bureau (GCS) announced Tuesday. The city’s seven border checkpoints logged 3.73 million departures and arrivals by locals and visitors between February 8 and Sunday 17. The Barrier Gate checkpoint recorded nearly two thirds of … Continue reading "Chinese New Year visitor arrivals rise 13.6 pct"
20 Feb, 2013
High-profile legislator Jose Maria Pereira Coutinho urged the government Tuesday to provide Macau residents with free tap water and free bus rides to help them cope with rising living costs. The president of the influential Macau Civil Servants Association (ATFPM) also said that the government should subsidise housing rents that were rising beyond what locals … Continue reading "Legislator wants free water, free bus rides for all"
20 Feb, 2013
>Macau’s 100 hotels and inns logged a record 9.54 million guests last year, an increase of 10.8 percent from the previous year, according to official statistics released Monday. However, the hospitality industry’s average occupancy rate dropped by 1.1 percentage points to 83.1 percent. At the end of last year, the number of guestrooms stood … Continue reading "Macau hosts 9.5 million hotel guests last year"
19 Feb, 2013
Lawmaker Antonio Ng Kuok Cheong confirmed to reporters Monday that he and his fellow lawmakers Paul Chan Wai Chi and Au Kam San will run for re-election later this year. Ng, Chan and Au are members of the grassroots New Macau Association (NMA) and are directly-elected legislators. Ng said that the trio’s objective is to … Continue reading "Several lawmakers confirm re-election bid"
19 Feb, 2013
China’s top lawmaker, National People’s Congress (NPC) Standing Committee Chairman Wu Bangguo, will arrive in Macau on Wednesday for a three-day visit to mark the 20th anniversary of the Macau Basic Law. According to a statement by the Macau Government Information Bureau (GCS), Wu will attend the Macau Basic Law commemorative activities on Thursday at … Continue reading "China´s top lawmaker to arrive in Macau on Wednesday"
18 Feb, 2013
The government’s top tourism official said Thursday she believed that the mainland’s Individual Visit Scheme would continue to benefit the development of tourism in the city. Macau Government Tourist Office (MGTO) Director Maria Helena de Senna Fernandes made the remark on the sidelines of a public activity to celebrate the Chinese New Year in Taipa … Continue reading "Macau government sees no need to restrict Individual Visit Scheme"
15 Feb, 2013
There are currently 11 hotels under construction and another 25 hotel projects are awaiting official building permits, involving a total of 25,500 guestrooms and 17,200 parking spaces, the Lands, Public Works and Transport Bureau (DSSOPT) says in a statement cited by The Macau Post Daily today. The number would nearly double the number of existing … Continue reading "36 new hotels being built or awaiting building permit"
14 Feb, 2013