22.9 C
Friday, March 24, 2017
The company said ‘stringent market conditions’ is one reason driving down its earnings
Last month, local hotel occupancy increased as the cost of staying overnight in a hotel room was cut by double digits
A total of 2.6 million Macau Pass cards had been issued as at the end of 2016, an increase of 260,000 cards or 11.1 per cent compared to some 2.34 million cards as at the end of 2015, the...
Guangzhou Railway (Group) Corporation is to expand three cross-province routes from Guangzhou’s South Railway Station to Zhuhai Railway Station from April 16 this year, local Chinese language news outlet Macao Daily reported. These routes will connect the neighbouring Mainland...
Forbes ‘The World’s Billionaires’ reveals fortunes made both near and far
Although the MSAR saw a double-digit increase in the number of Internet users that shopped online in Q4 2016, the median spending remained nearly the same. Only 75,800 Internet users said they shopped online, still a 21.7 pct y-o-y increase. Meanwhile, the Internet penetration rate of the city’s 25 to 34 year olds was 97.1 pct, as the total number of Internet users hit 499,900, a 6.2 pct increase y-o-y.
But the company’s revenue from CTM recorded a decrease of nearly 13 per cent from one year ago
The Macau SAR Government is allocating a total of nearly MOP144.94 million to the Macao Water Supply Co. Ltd. (Macao Water) through the renewal of a contract for the “placement of the fourth raw water pipe to Macau (MSAR...
Future Bright sees 97 pct y-o-y reduction in losses for 2016, while filing a submission to deny that its Hengqin land plot under investigation is ‘idle’
The percentage of food related businesses and retailers claiming to have had increases in receipts in January of this year reached the highest numbers ever collected by a survey on both sectors
The percentage of companies reporting a shortage of personnel in Q4 2016 significantly increased both q-o-q and y-o-y
JC (Cambodia) International Airlines commenced a new route between the MSAR and Siem Reap, Cambodia last Friday, according to a press release by the local airport operator, Macau International Airport Company Ltd (CAM). The airline, founded in 2014 and based in the...
GAES is ready to disburse over MOP3 million in 2017 to enable Macau residents enrolled in higher education programmes to improve Mandarin, Portuguese, and English language skills abroad. As long as they don’t go to Taiwan
Total profit for the year hit US$274.83 million, while net sales of the group during the year amounted to US$2.81 billion
The majority of cargo shipped out was destined for the Mainland, making up 52 per cent of the total, whilst cargo headed for Macau made up 5 per cent
Local young entrepreneurs are open-minded about doing business online but they are still concerned about stepping forward for cross-border e-commerce, Chan Weng Tat, the head of the Foreign Trade Management Department of the Macao Economic Services, said on local...
The Taiwanese Government will allow foreign enterprises and entities from the MSAR and Hong Kong to obtain value added tax (VAT) refunds for temporary business and exhibition activities, according to the National Taxation Bureau of Taipei, Ministry of Finance...

On the right track

Millennium BCP Macau general manager agrees with investor’s direction to expand operations
Chinese clients will continue to be main focus of retailers in 2017
Footwear and accessories retailer Le Saunda Holdings Ltd. announced an expected decrease of between 35 per cent and 40 per cent in consolidated profit for the financial year of 2016/2017, according to a filing with the Hong Kong Stock...
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