28 C
Macau
Tuesday, July 25, 2017
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
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 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’
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...
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...
Fu Chan, Aces Music Centre Founder
Work is still suspended on the construction site of City of Dream’s fifth tower, Morpheus, after the death of a 33 year-old worker from mainland China, and a review of safety procedures and policies might follow after the investigation...
The operator of five nuclear power plants in neighbouring Guangdong province, CGN Power Co., Ltd saw a 23.68 per cent year-on-year increase in its power production during the January to June period of this year, according to a filing...
Uber Technologies Inc will ‘pause’ its services from July 22 as it has not been able to unlock the full benefits of ridesharing in the city, according to a company release. This is the second time Uber has decided to...
The Macau Economic Services (DSE) has met with over 60 chambers of commerce and associations to collect opinions about the upgrade of the zero-tariff Closer Economic Partnership Agreement (CEPA). The MSAR Government and the Chinese Ministry of Commerce have already...
The developer has revealed that the expense of renovating the top floor of the cinema has exceeded the initial budget
Having announced the intent to sell The Landmark Macau property last week, Macau Legend Development is linking itself to regional and national initiatives via its acquisitions, while not being overly reliant upon Chinese clientele
Luxury jewellery company Chow Tai Fook Jewellery Group Limited has seen an across-the-board uptick in its results for its first financial quarter in the MSAR and in Hong Kong, as well as flat growth or upticks in China, according...
Guangzhou is building up its pilot zone for green financing to create a core financial circle led by Hong Kong and supported by Guangzhou and Macau, according to China News Guangdong. The pilot zone will be sited in Huadu District,...
More business opportunities have been created in the city in the wake of the implementation of the MSAR as the platform between Mainland China and the Portuguese speaking countries, according to the Vice-chairman of the Macau Importers and Exporters...
Luso Bank and local electronic payment provider Macau Pass inked a co-operation agreement on new mobile payments yesterday at the headquarters of Luso Bank enabling users to link their Luso Bank accounts to Macau Pass accounts. Facilitated via a...
The Zhuhai city government has announced plans to develop a fifth-generation (5G) wireless systems, or mobile networks, within the framework of its Smart City Action Plan 2016-2020, according to information published by City Info Zhuhai yesterday. The city’s government expects...
Italian carmaker Lamborghini is set to open a new, full-service showroom in the city, as reported by the South China Morning Post. The renowned Italian company is said to be investing MOP10 million in a 10,000 square foot showroom located...
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