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Macau
Friday, July 21, 2017
Local group suggests the use of the 85 kilometres of territorial water should start with plans allowing more exposure to maritime culture
The government believes that there is still room for improvement in the telecommunications sector, however Secretary for Transport and Public Works, Raimundo do Rosário notes that customers are paying less for their services provided by Companhia de Telecomunicaçōes de...

WTCC back to MGP

The 64th edition of the Macau Grand Prix is going to welcome back the World Touring Car Championship, after its absence in both 2015 and 2016, according to local broadcaster TDM Radio. The confirmation was made by the president...
Retailer Luk Fook’s SAR stores saw same store sales growth of 3 per cent year-on-year, as compared to 23 per cent overall growth in the Mainland
The Macau International Airport saw a 3 per cent increase in the amount of passengers it handled during the first half of the year, at 3.35 million passengers, according to a press release. In addition the cargo flow increased...
Restaurants and retail operators saw an increase in sales for the month of May, an official survey showed. However, the Statistics and Census Service said that retailers remained cautious about their business prospects. The results were better than expected.
The suggestion proposal of adjusting the approval ratio for reconstructing old buildings “should be readied by the next meeting ”, said the Secretary for Transport and Public Works Raimundo Arrais do Rosário after the end of the Urban...
The acquisition of the local liquid petroleum gas (LPG) market leader in the MSAR by international sales, marketing and support services group DCC is ‘progressing according to plan,’ according to a company press release. Expectations are for the acquisition...
The amount distributed in subsidies on interest payments to the city’s local companies under a scheme regulated by the Macau Economic Services (DSE) saw a 88.4 per cent uptick quarter-to-quarter in the second quarter of the year, according to...
The Mutual Evaluation Report notes that ‘licensing controls are robust in the Macau gaming sector for both concessionaires/sub-concessionaires and junket promoters’
Casino investor Amax International Holdings is entering into an agreement to purchase an augmented reality, virtual reality, 3D modelling and animation company, according to a filing on the Hong Kong Stock Exchange. The company, MostCore, as well as its subsidiary...
The Cultural Industry Fund disbursed a total of MOP9.70 million during the second quarter of 2017, according to a dispatch in yesterday’s Official Gazette. The amount for the current period represents an increase of 47.65 per cent compared to...
In the month of June, the city’s occupancy rate increased by 3.1 percentage points year-on-year to 88.5 per cent, according to the latest data gathered by the Macau Hotel Association (MHA) and revealed by the Macao Government Tourism Office...
The Macau Horse Racing Company Ltd. has recorded losses of MOP4.07 billion for the financial year ended December 2016, according to information published in the Official Gazette yesterday. Total liabilities of the company have amounted to some MOP1.31 billion...
One of Asia’s primary gaming hubs – Singapore - will be linking up with China for its Belt and Road initiative, further strengthening cooperation between the regions, according to statements by Singapore’s Prime Minister quoted by regional media. As...
An investment company in which Crown Resorts’ James Packer holds a 25 per cent stake has increased its holdings in Australia’s other large gaming operator The Star Entertainment, having pushed its holdings over the 5 per cent mark after...
Tough times ahead for property transactions, says property agency Centaline. A bleak market outlook for the coming months, with few to no new projects in the pipeline. Q3 transactions expected to reach only 700 or 800 versus 500 to 600 in July alone. Mortgage loan ratio adjustments and revisions to rental bill to blame.
Fu Chan, Aces Music Centre Founder
The EBITDA contribution from just the gaming segments of local integrated resorts should exceed US$12 billion by the same year
DSAL is investing MOP700,000 to organize the 12th edition of the Youth Career Expo, opening up opportunities for Macau residents, mostly
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