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Macau
Sunday, September 24, 2017
The city’s foreign exchange reserves reached MOP155.7 billion (US$19.5 billion) as at the end of last year, reveal preliminary estimates by the Monetary Authority of Macau (AMCM). The amount represents an increase of 2.8 per cent from that of MOP151.4...
Sands China Ltd’s profit for the first quarter 2013 rose by 63.3 percent year-on-year to US$452.9 million (MOP3.6 billion). The company’s total net revenues increased by 39.3 percent to US$2.02 billion between January and March this year, according to a...
Citigroup has revised upwards its forecast for Macau’s casino industry performance for the current month. The investment bank noted that September is a seasonally weak period, but even so it estimates casino gross gaming revenue in Macau will reach MOP24...

Mile-high rollers

Luxury luggage maker Rimowa has opened a new flagship store in the city at the One Central shopping mall. The German firm launched in Macau almost four years ago and the new shop reflects its intention to grab a...
From changes in government in Argentina and Brazil to mid-course policy corrections in Chile, Latin American politics appears to be undergoing a rightward shift. But rather than being “pulled” by the attractiveness of the economic policies that the right...
The 32 workers involved in the show were told their contracts are to be terminated, but the operator says it’s a ‘temporary closure’
The public servant group hopes the government can increase the cash handout amount and raise the salary of public servants next year.
The month’s inflation rate rebounded slightly from the 3.73 pct of December 2015
Chinese oil group China Petroleum & Chemical Corp. (Sinopec) registered a 21.6 per cent year-on-year fall in profits for the first half of 2016, for a total of RMB19.9 billion (MOP23.8 billion/US$2.9 billion) according to a company filing with...
Typhoon Hato’s fury did not spare even sizeable structures in the city, with cranes falling off buildings like acrobatic divers
Macau is the 12th most competitive city among over 34 big cities in Greater China this year, the latest China City Competitiveness Report says. The annual report says Macau has moved up one place in the table from last year,...
Equity research powerhouses continue to bet on Macau’s casino industry. The latest is Nomura. Its analyst Harry Curtis wrote in an investors' note that Macau´s March casino gross gaming revenue could reach MOP25.5 billion (US$3.19 billion), up by 27 percent...
The values of two contracts related to consultation and security of the city’s planned Light Rail Transit (LRT) system have been increased due to ‘adjustment of some contractual work and the extension of working time’, according to an Official...
The chief executive of SJM Holdings Ltd, Ambrose So Shu Fai yesterday said that the 40 gaming tables removed from Greek Mythology in August have been put into operation at the Grand Lisboa casino. “The move was made about two...
The Jamaican government has approved the signing of a tax information exchange agreement with Macau, the country’s media reported. The goal is to strengthen administrative cooperation on taxes between both parties and facilitate the exchange of relevant information. In September, Macau...
Macau’s economy is set to post a two-digit growth this year and in 2012, according to the latest report on Macau from the Economist Intelligence Unit, of The Economist group. The think tank estimates Macau’s gross domestic product will grow...
A delegation from China including officials and businesspeople from Macau will visit Cape Verde on Thursday and Friday, according to media reports. The delegation will be headed by the Chinese deputy Trade minister, Jiang Yaoping, and also includes Macau’s secretary...
Nick Naples, the co-chief operating officer of Melco Crown Entertainment Ltd. for non-gaming, is no longer with the company. Ted Chan is now the sole chief operating officer, and was already the company’s co-chief operating officer for gaming. In a company statement...
PokerStars player Raiden Kan took home the HK$1.25 million (US$160,000) grand prize for the main event of the Macau Poker Cup Championship 2011. The 27-year old is the first Malaysian to win a major tournament on the Asian poker circuit. PokerStars...
If the SAR Government manages to purchase a plot of land in Hengqin it would be a breakthrough in policy and may encourage both the SARs to buy land on the Mainland
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