News

Macau residential and commercial mortgage loans decline

New approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) declined in May 2015, according to statistics released by the Monetary Authority of Macau on Monday. In May 2015, new RMLs approved by Macau banks decreased 14.5% month-to-month to MOP 3.7 billion; of which, 96.3% was extended to residents. In terms of … Continue reading "Macau residential and commercial mortgage loans decline"

15 Jul, 2015

Macau monthly car park passes won’t be terminated

The government won’t allow the monthly rental of parking spaces in new car parks but drivers who currently rent spaces won’t have their monthly passes cancelled and will still be able to rent them. This is what Secretary for Transport and Public Works Raimundo do Rosario said during a plenary session in the legislature on … Continue reading "Macau monthly car park passes won’t be terminated"

15 Jul, 2015

Macau lawmakers cannot change tobacco control amendment bill

Legislator-cum-unionist Jose Pereira Coutinho said on Tuesday that the legislature’s s 2nd Standing Committee could not alter the government’s tobacco control amendment bill. Coutinho was attending a Q&A session in the legislature when he made the remark. The outline of the government-drafted tobacco control and prevention amendment bill was passed on Friday. The bill proposes … Continue reading "Macau lawmakers cannot change tobacco control amendment bill"

15 Jul, 2015

Government vows to keep Coloane casino-free

Secretary for Economy and Finance Lionel Leong Vai Tac said on Monday that he would consider amending the law to keep Coloane free of casinos – if the public wishes. The policy secretary made the remark during a Q&A session in the legislature’s hemicycle on Monday. Directly-elected lawmaker Au Kam San asked Leong on Monday … Continue reading "Government vows to keep Coloane casino-free"

14 Jul, 2015

Macau lawmakers pass bill tripling tobacco tax

Lawmakers on Thursday passed government-drafted amendments to the sales tax law by tripling tobacco tax in an urgent procedure without lawmakers’ usual committee-level discussion as is customary for government-drafted bills. Meanwhile, chief executive Fernando Chui Sai On signed an order on Thursday according to which from Tuesday each person is permitted to bring in only … Continue reading "Macau lawmakers pass bill tripling tobacco tax"

10 Jul, 2015

Tourism cooperation boosted by Hong Kong-Zhuhai-Macau bridge

Given the Hong Kong-Zhuhai-Macau bridge’s opening looming on the horizon next year, the local government on Thursday signed a framework agreement with authorities from Zhuhai and Hong Kong, ramping up regional collaboration on tourism development. The trilateral partnership was reached at a conference held on Thursday in Hengqin where both tourism departments’ major officials came … Continue reading "Tourism cooperation boosted by Hong Kong-Zhuhai-Macau bridge"

10 Jul, 2015

Macau and Guangdong jointly promote multi-destination travel upon “One Belt, One Road” initiativ

Macau Government Tourist Office (MGTO) went on a joint sales mission to Malaysia and Singapore together with five tourism entities including Tourism Administration of Guangdong Province, Tourism Administration of Guangzhou Municipality, Zhongshan Municipal Tourism Bureau, Zhuhai Culture Sports and Tourism Bureau as well as Tourism Administration of Shaoguan Municipality. The six offices jointly promoted international … Continue reading "Macau and Guangdong jointly promote multi-destination travel upon “One Belt, One Road” initiativ"

10 Jul, 2015

Macau and Guangdong jointly promote multi-destination travel upon “One Belt, One Road” initiativ

Macau Government Tourist Office (MGTO) went on a joint sales mission to Malaysia and Singapore together with five tourism entities including Tourism Administration of Guangdong Province, Tourism Administration of Guangzhou Municipality, Zhongshan Municipal Tourism Bureau, Zhuhai Culture Sports and Tourism Bureau as well as Tourism Administration of Shaoguan Municipality. The six offices jointly promoted international … Continue reading "Macau and Guangdong jointly promote multi-destination travel upon “One Belt, One Road” initiativ"

10 Jul, 2015

Macau lawmakers pass anti-fascist victory holiday bill

Lawmakers on Thursday passed the government bill declaring September 3 this year as a mandatory holiday to celebrate the nation’s anti-fascist victory over Japan. Lawmakers unanimously passed the bill in an urgent procedure without legislators’ usual committee-level discussion as is customary for government-drafted bills. Government representatives including Secretary for Administration and Justice Sonia Chan Hoi … Continue reading "Macau lawmakers pass anti-fascist victory holiday bill"

10 Jul, 2015

4th Macau-Taipa link to be decided by end of 2015

Secretary for Transport and Public Works Raimundo do Rosario said on Wednesday he hoped the government will decide by year’s end whether the city’s fourth Macau-Taipa link will be a bridge or a tunnel. The policy secretary made the remark after attending a meeting of the legislature’s Follow-up Committee for Public Administration Affairs about the … Continue reading "4th Macau-Taipa link to be decided by end of 2015"

9 Jul, 2015

Chinese online payment Alipay now accepted in Macau shops and restaurants

Local shops and restaurants installed with Macau Pass card reading terminals can now apply to upgrade them so that they can also accept payments made by Alipay Wallet mobile application and UnionPay QuickPass cards, Macau Pass’s managing director George Zhang announced on Friday at Macau International Electronics & Global Audiovisual Expo 2015. “This new service … Continue reading "Chinese online payment Alipay now accepted in Macau shops and restaurants"

8 Jul, 2015

Macau government to announce 1st phase of restructuring this year

Details of the first phase of government restructuring will be announced later this year, Public Administration and Civil Service Bureau (SAFP) Acting Director Kou Peng Kuan said on Tuesday in a reply to an interpellation submitted by lawmaker Si Ka Lon. Si submitted a written interpellation in April, asking for more information about the promised … Continue reading "Macau government to announce 1st phase of restructuring this year"

8 Jul, 2015

Macau government proposes to kick out ‘rich’ from social housing

The Housing Bureau (IH) announced on Monday its proposed amendments to the Social Housing Law by defining ‘rich’ households, which would have to return their flats after four years. IH Director Ieong Kam Wa, Vice Director Kuoc Vai Han and Chan Wa Keong, who heads the bureau’s public housing department, jointly hosted a press conference … Continue reading "Macau government proposes to kick out ‘rich’ from social housing"

7 Jul, 2015

Macau airport sees a 6.6 percent increase in passengers in first half of 2015

The Macau International Airport (MIA) handled over 2.78 million passengers up until June 30, an increase of 6.6 percentage points compared to the same period of last year. Over 27,000 aircraft movements were recorded, a 6.9 percent growth compared to last year. According to a press release issued by MIA, the average daily passenger traffic … Continue reading "Macau airport sees a 6.6 percent increase in passengers in first half of 2015"

6 Jul, 2015

Macau cash handout centre starts operating today

To assist in the implementation of the government’s annual “wealth-sharing” cash handout scheme, a support centre at China Plaza in Avenida da Praia Grande will start operating today, the Finance Services Bureau (DSF) said in a statement on Sunday. The payout started last week. The handout is the same as last year’s – 9,000 patacas … Continue reading "Macau cash handout centre starts operating today"

6 Jul, 2015

Macau government to consult public on budget framework bill next week

Newly appointed Finance Services Bureau (DSF) Director Stephen Iong Kong Leong said on Thursday that the government would start consulting the public on Tuesday about the government’s budget framework bill. Speaking to reporters after his swearing-in ceremony, Iong said the consultation period would last for 45 days, adding that a public presentation about the bill … Continue reading "Macau government to consult public on budget framework bill next week"

3 Jul, 2015

Home prices down 30 pct, no sign of growth in second quarter

Housing prices have dropped 30 percent from their peak and there is no sign of growth in the number of transactions, supply or price during the second half of this year, Ricacorp Macau Managing Director Jane Liu Zee Ka said on Wednesday. Liu made the remarks during a press conference at the Emperor Hotel in … Continue reading "Home prices down 30 pct, no sign of growth in second quarter"

2 Jul, 2015

Macau government to publish LRT consultation results this month

Transportation Infrastructure Office (GIT) Director Ho Cheong Kei said on Wednesday the government planned to release this month the results of its public consultation about the routs of the light rail transit (LRT) system in the city’s northern districts. Ho made the announcement on the sidelines of a ceremony where he was sworn in as … Continue reading "Macau government to publish LRT consultation results this month"

2 Jul, 2015

Macau government stands firm on full casino smoking ban

Executive Council spokesman Leong Heng Teng said on Tuesday that the government had decided to further tighten its tobacco control measures, including the prohibition of the sale of e-cigarettes and a blanket ban on smoking in casinos. Leong made the announcement during a press conference at Government Headquarters. Leong said the Executive Council had completed … Continue reading "Macau government stands firm on full casino smoking ban"

1 Jul, 2015

More hotels but fewer guests for Macau in May

Macau’s number of hotels rose by three to 102 but the number of hotel guests dropped 2.7 percent year-on-year to 863,000 in May, the Statistics and Census Bureau (DSEC) announced on Tuesday. The number of guestrooms rose 7.2 percent to 30,000 at the end of May. Due to the opening of three new hotels, the … Continue reading "More hotels but fewer guests for Macau in May"

1 Jul, 2015