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Macau
Tuesday, July 25, 2017
Macau Waste Systems Co. Ltd. (CSR), the company responsible for waste management in the Macau SAR registered a 20.9 per cent increase in total assets in 2015, valued at MOP100.88 million (US$12.61million), according to an independent audit presented in...
China’s State Council has loosened its administrative approvals and special management measures for the city’s service suppliers to operate in the country, it announced on Wednesday evening. The announcement followed the country’s agreement with the Special Administrative Region on trade...
Hang Seng Bank Limited has announced that the bank had entered into a placing agreement with Goldman Sachs Gao Hua Securities Company Ltd. to sell its 5 per.cent of ordinary shares of Industrial Bank Co. Ltd. to institutional investors. In...
The Philippines unit of low-cost carrier Air Asia has announced it will operate four weekly flights between Manila and Guangzhou, according to Philippines website BusinessWorld. The new lines opened by Philippines AirAsia, Inc. will connect the two cities every Monday,...
As the city's aviation sector reflects the difficulty of putting into practice the proposed administrative regulation of ‘minimum air transport passenger rights in case of denied boarding, flight cancellation or delay’, there are no provisions at present for this...
The construction of three more amusement facilities at Chimelong International Ocean Resort on Hengqin officially started yesterday following nearly a full year of operation of the amusement park’s first phase, the operator of the theme park, Guangdong Chimelong Group...
The ATM operator recently announced that their Pay P2P service is soon to be launched in Hong Kong where money transfers can be enabled by merely inserting the recipient’s mobile phone number
Fewer MSAR residents travelled to the neighbouring city of Hong Kong in 2016, of which total visitor arrivals fell 2.6 per cent year-on-year to 994,822, according to official data released by the Hong Kong Census and Statistics Department. August and...
Macau Trade and Investment Promotion Institute (IPIM) is preparing a trade mission to Manaus, capital of the Amazon, Brazil. Representatives of the Institute and the MSAR Government’s Environmental Protection Services at the Superintendency of the Manaus Free Trade Zone were...
SJM executive director Angela Leong's theme park project, abutting the Lisboa Palace, will feature five hotels and family-oriented entertainment facilities
Forbes ‘The World’s Billionaires’ reveals fortunes made both near and far
While the Hong Kong-listed property developer enjoys a stable income from its investment portfolio in Macau, its oil business in Kazakhstan has been hurt by plummeting international oil prices
The Court of Final Appeal has ruled that the government could fine the contractor in charge of the dike works for the building materials landfills in Cotai for delaying the completion of the works for 64 days over the...
This is the first double-digit room rate decrease that the sector has posted this year
The value of bilateral trade between Macau and Belgium totalled US$43 million (MOP344 million) for the first quarter of this year, a jump of 43.3 per cent compared to some US$30 million for the same period of 2014, executive...

Troubled hotel

A group of claimed victims has reported suspected fraud by Beijing Imperial Palace Hotel involving more than MOP257.5 mln.
Following the switch to a new contract format, city public bus operator Transportes Urbanos de Macau SARL (Transmac) hopes the initial financial aid from the government will take the difference in service fees in the past into account. Deputy General...
However, the sector saw a 12.8 pct y-o-y increase in international assets as at the end of 2015
A United States congressional commission has criticised the Macau government for failing to decrease the size of financial transactions that must be reported, our sister publication Business Daily says. The newspaper quotes a report by the US-China Economic and Security...
The four 4G licence awardees – CTM, China Telecom, SmarTone and Hutchison – plan to invest a combined MOP1.28 billion within four years to launch the services and related upgrades
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