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Macau
Friday, June 23, 2017
The government should help Macau’s recycling industry overcome increases in rents and labour costs and the problem of its unpredictable profits, Macau Recyclers Association president Chan Man Nin has said. Mr Chan told Business Daily in an interview that profits...
The theme park operator said its operation in Hengqin has benefited from Macau-Zhuhai travel packages – helping the company receive more overseas visitors and those from outside Guangdong Guangzhou-based theme park operator Guangdong
The city’s Secretary for Social Affairs and Culture says the SAR will focus on building its infrastructure and not affect people’s quality of life by having too many tourists
Malaysia’s Genting Bhd has finalised a 2.5 billion ringgit (US$832.4 million) bid to buy Pan Malaysian Pools from Tanjong, the Star newspaper reported on Tuesday citing sources. “They'll be signing the deal on Thursday worth 2.5 billion ringgit,” the newspaper quoted...
A news report from ProPublica.org says Las Vegas Sands Corp, Sands China Ltd’s parent company, moved documents from Macau to the United States without the prior authorisation of the Macau government. The information was stored on former Sands China chief...

Building costs rising

Macau keeps getting into the record books. Now it’s the second costliest city in the continent when it comes to construction. Only following Hong Kong in Asia – and 11th in the world.
Yanis Varoufakis Greece’s finance minister A German television presenter recently broadcast an edited video of me, before I was Greece’s finance minister, giving his country the middle-finger salute. The fallout has shown the potential impact of an alleged gesture, especially in...
Banco Nacional Ultramarino (BNU) has confirmed its data sharing with its parent company to be part of a legal consolidated supervision mechanism, in statements to Business Daily. In recent months, BNU clients have received a letter requesting an update of...
Wells Fargo has reaffirmed its “outperform” rating for stocks of Macau casino operators. The stockbroker says there is a risk of 10 percent downside for shares in Las Vegas Sands Corp and Wynn Resorts Inc as growth in VIP gaming...
The six-storey Ginza Plaza shopping centre, just a stone’s throw from touristy Senado Square, is struggling to attract retailers and walk-in shoppers, Macau Business reports in its May issue. The Ginza Plaza complex combines housing, shops and a car park...
The Swede is back in the territory chasing his second win at the Macau Grand Prix. In his sixth visit to the city, he’s driving for Theodore Racing
Ponte 16 operator Success Universe Group Ltd posted a significant downturn in revenue and profits for the year of 2016, mainly attributable to a decrease in share profits from its local casino. According to the company’s annual results filed with...
Louis XIII Holdings Ltd says it has arranged a HK$3.05 billion (US$393 million) loan and will spend the money on building its casino-hotel on Coloane. The company has told the Hong Kong Stock Exchange that subsidiary New Concordia Hotel Ltd...
Macau banks approved MOP9.2 billion (US$1.5 billion) of new mortgage lending for housing in June, 51.8 percent more than the month before, official data show. The Monetary Authority of Macau says much of the increase was due to enterprises using...
Betting on skill-based video games, such as virtual reality games, could be the new turf for gaming operators to explore.
Macau’s foreign exchange reserves amounted to MOP196.2 billion (US$24.4 billion) at the end of February 2011, according to preliminary estimates by the Monetary Authority. The reserves rose by 2.2 percent from the revised value of MOP192.0 billion for the previous...
Money laundering is far more prevalent in Macau and Hong Kong than elsewhere around the world, a survey by PwC has found. The professional services firm says 37 percent of firms in Hong Kong and Macau encountered money laundering in...
Gaming operators have cancelled 11 shuttle bus routes and optimised 10 routes, said Lam Hin San, Director of the Transport Bureau (DSAT), in a February 11 written reply to legislator Chan Meng Kam’s enquiry. Lam said gaming operators have cut...

Fair for investment

Macau’s Chief Executive, Chui Sai On, is in Xiamen, Fujian, to attend the 18th China International Fair for Investment and Trade (CIFIT). Hosted by the Ministry of Commerce and jointly organised by more than 50 ministries and commissions, provinces and...

Out there, somewhere

By Luciana Leitão Ms Lao is in her 50s. She has been unemployed for seven months, having been fired by the kindergarten where she had worked as a cleaner for 18 years. She is now looking for part-time work, because...
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