News

Trade fair becomes shopping haven

Thousands of locals and tourists flocked to the Guangdong and Macau Branded Products Fair over the weekend looking for bargains as they bought pots and pans, food and wine, while their children took DIY classes to make crispy egg rolls and chocolate. The four-day fair, co-hosted by the Macau Trade and Investment Promotion Institute (IPIM) … Continue reading "Trade fair becomes shopping haven"

4 Aug, 2014

#Tourism

Watch imports leap 65 pct in 1st half

Macau’s watch imports jumped 65 percent year-on-year to 4.28 billion patacas, the Statistics and Census Bureau (DSEC) announced Thursday. Watch imports accounted for nearly 10 percent of the total value of imports. Gold jewellery imports rose 35 percent to 5.2 billion patacas. Gold jewellery accounted for nearly 12 percent of all imports between January and … Continue reading "Watch imports leap 65 pct in 1st half"

1 Aug, 2014

#Economy

Real-estate deals, prices drop in June

The number of real-estate deals and property prices dropped in June, according to stamp duty statistics released by the Finance Service Bureau (DSF) yesterday. A total of 609 units were sold in June, a 17.8 percent drop from the 741 units sold in the previous month. Some 77.5 percent of all units sold in June … Continue reading "Real-estate deals, prices drop in June"

1 Aug, 2014

#Economy

Light Rail only ‘fully ready’ in 2020

Macau’s long-delayed Light Rail Transit (LRT) system will only be fully ready in 2022, Transportation Infrastructure Office (GIT) Deputy Director Andre Ritchie told the Portuguese news agency Lusa in an interview published Wednesday. Ritchie told the Lisbon-based wire service that the nine-kilometre-long LRT segment in Taipa was slated to be completed by the end of … Continue reading "Light Rail only ‘fully ready’ in 2020"

31 Jul, 2014

#Politics

Court finds ex-IACM chief innocent in burial plot case

Former Civic and Municipal Affairs Bureau (IACM) president Raymond Tam Vai Man and three of his staff have been acquitted of misfeasance charges in the city’s infamous burial plot case, the Court of First Instance (TJB) ruled Tuesday. Lawyer Paulina Santos filed a high-profile complaint with the Public Prosecution Office (MP) in 2010, alleging that … Continue reading "Court finds ex-IACM chief innocent in burial plot case"

30 Jul, 2014

#Politics

NPC chief says ‘referendum’ breaches Basic Law

National People’s Congress (NPC) Standing Committee Chairman Zhang Dejiang told a delegation of the Macau Chamber of Commerce (ACM) in Beijing Tuesday that the holding of a so-called “civic referendum” in Macau would violate the Macau Basic Law. ACM President Ma Iao Lai revealed Zhang’s position on the controversy when talking to reporters after a … Continue reading "NPC chief says ‘referendum’ breaches Basic Law"

30 Jul, 2014

#Politics

Macau, mainland to ink anti-money laundering deal

Macau Monetary Authority (AMCM) President Anselmo Teng Lin Seng said Monday that the People’s Bank of China (PBOC) and the AMCM had agreed to sign a co-operation agreement to fight money laundering. Teng said the deal would further strengthen co-operation between the two sides to fight money laundering. Teng made the remarks to reporters after … Continue reading "Macau, mainland to ink anti-money laundering deal"

29 Jul, 2014

#Economy

Monthly casino wages average 16,000 patacas: survey

Median monthly employment earnings in the gaming industry amounted to 16,000 patacas in the April-June employment survey released by the Statistics and Census Bureau (DSEC) Monday. The number of gaming industry workers rose by 5,500 in the first quarter to 80,100 in the second quarter, accounting for 20.9 percent of the city’s total employment. In … Continue reading "Monthly casino wages average 16,000 patacas: survey"

29 Jul, 2014

#Economy

IMF warns of ‘threat of housing bubble’ in Macau

The International Monetary Fund (IMF) in Washington says there is evidence of a “threat of a housing bubble” in Macau and “overvaluation” in the local property market, according to a statement by the Macau Monetary Authority (AMCM) citing an IMF report Macau’s financial sector regulator issued the statement on Friday. The IMF report said that Macau … Continue reading "IMF warns of ‘threat of housing bubble’ in Macau"

28 Jul, 2014

#Economy

New chamber leaders to brief Beijing

The newly elected board members of the Macau Chamber of Commerce (ACM), including Chairman Ma Iao Lai and board member Lionel Leong Vai Tat, both members of the government’ top advisory Executive Council (ExCo), flew to Beijing Sunday for meetings with a number of central government entities, including the State Council’s Hong Kong and Macau … Continue reading "New chamber leaders to brief Beijing"

28 Jul, 2014

#Politics

Animal protection bill heading for another delay

Macau’s long-delayed legislation on animal protection is heading for another delay due to procedural matters in the legislature. The Legislative Assembly’s Rules and Statutes Committee reached a consensus Thursday that a government-drafted bill on protecting animals is a “repeat” of the one unsuccessfully proposed by lawmakers José Pereira Coutinho and Leong Veng Chai in February, … Continue reading "Animal protection bill heading for another delay"

25 Jul, 2014

#Politics

TDM complains to prosecution about reporters’ harassment

Government broadcaster TDM said in a statement Thirsday that it had submitted a complaint to the Public Prosecution Office (MP) over an incident in which several casino workers taking part in a demonstration outside the Venetian “harassed” the TV station’s journalists. The statement, signed by TDM Executive Committee Chairman Manuel Gonçalves Pires Jr., added that … Continue reading "TDM complains to prosecution about reporters’ harassment"

25 Jul, 2014

#Politics

Japanese visitors rise 25 pct in June

Macau’s number of visitor arrivals from Japan rose 25 percent to 24,208 in June, the highest year-on-year growth of any major visitor segment in that month, according to data released by the Statistics and Census Bureau (DSEC) Wednesday. The number of South Korean visitors grew 24.5 percent year-on-year to 41,786 last month. June’s total number … Continue reading "Japanese visitors rise 25 pct in June"

24 Jul, 2014

#Tourism

Macau not ready for universal suffrage: civic leader

Macau Cultural Resources Association (MCRA) Vice President Cheong Cheok Fu said Tuesday that while residents should not reject the universal value of democracy, neither should they rush to demand the introduction of universal suffrage to elect the chief executive and all lawmakers as they are not yet fully prepared. Cheong made the remark on the … Continue reading "Macau not ready for universal suffrage: civic leader"

23 Jul, 2014

#Politics

Inflation slows to 5.99 pct in June

Macau’s composite consumer price index (CPI) rose 5.99 percent year-on-year last month, slowing down a bit from May’s 6.16 percent increase, according to data released by the Statistics and Census Bureau (DSEC) Monday. A DSEC statement attributed last month’s inflation pressure namely to higher housing rents and the higher cost of eating out. Last month … Continue reading "Inflation slows to 5.99 pct in June"

22 Jul, 2014

#Economy

Commander of PLA Macau Garrison changed

Colonel Wen Yufa, spokesman of the Chinese People’s Liberation Army (PLA) Macau Garrison, announced,  that  Major General Zhu Qingsheng, commander of the PLA Macau Garrison, was appointed as the director of the Armaments Department of the PLA Guangzhou Military Area Command (MAC). Senior Colonel Wang Wen will succeed him as commander of the PLA Macau … Continue reading "Commander of PLA Macau Garrison changed"

22 Jul, 2014

#Politics

Top lawyer says doesn’t intend to run for CE

Macau Lawyers Association (AAM) President Jorge Neto Valente said Monday that he had no intention of running in next month’s chief executive (CE) election. He confirmed, however, that he had nominated a candidate for the CE election without further elaboration. He made the remarks in a phone interview with The Macau Post Daily yesterday after … Continue reading "Top lawyer says doesn’t intend to run for CE"

22 Jul, 2014

#Politics

Think tank says co-op between govt, civic groups ‘important’

Macau Development Strategy Research Centre (CPEDM) President Lionel Leong Vai Tac said Sunday that the government’s co-operation with civic associations was important to Macau’s development, adding that there was a need for administrative reform. Leong made the remarks on the sidelines of the think tank’s annual conference in which civic leaders in various fields were … Continue reading "Think tank says co-op between govt, civic groups ‘important’"

21 Jul, 2014

#Politics

Officials clamp down on stagnant water to fight dengue

The government has started a survey to collect data about breeding sites for Aedes aegypti, the dengue fever carrying mosquito, and warned that a number of public areas in residential buildings have been found to contain stagnant water, which is the main breeding site for the insect. Lam Chong, a doctor who heads the Health … Continue reading "Officials clamp down on stagnant water to fight dengue"

21 Jul, 2014

#Politics

Hotel guests drop 4 pct in June

The number of hotel guests dropped four percent year-on-year to 863,000 in June, the Statistics and Census Bureau (DSEC) announced Wednesday. Some 59 percent of all guests stayed at 5-star hotels. Guests’ average length of stay remained unchanged at just 1.3 nights. The average occupancy rate of hotels and guesthouses rose four percentage points year-on-year … Continue reading "Hotel guests drop 4 pct in June"

21 Jul, 2014

#Tourism