30 C
Macau
Wednesday, July 26, 2017
The Identification Bureau (IB) will launch a new system that will allow the Bureau to share updated addresses of residents which approve for their data to be shared with other public departments. In response to legislator Ella Lei Cheng I’s...
Global premium spirits seller Rémy Cointreau, maker of the famed Rémy Martin and Louis XIII cognacs, has seen a 9.9 per cent uptick in sales in its first fiscal quarter, ended June 30, according to a company release. ‘Geographically, Asia...
A Macau yacht had its first trial run under the free yacht travel scheme on Monday starting at Nansha, Guangzhou, according to a release by the The Marine and Water Bureau (DSAMA). The test covered the latest approach of the...
A 5.4 pct y-o-y uptick in the first six months of the year saw 15.56 million tourists visiting the MSAR. Overnight visitors continue to increase, up by 13 pct y-o-y to 8.09 mln, while same-day visitor numbers fell 1.8 pct y-o-y to 7.46 mln. Visitor numbers in June increased 1 pct y-o-y, to 2.37 mln, but fell 7.5 pct m-o-m.
The decision to create a private company with public funds to manage the future Light Rail Transit system was questioned by local residents

Bullish July

Gross gaming revenues could grow as much as 29 per cent yearly in July to MOP22.9 billion, brokerage firm Bernstein predicts
The latest official data shows that Macau’s tourism industry performance was less satisfactory in 2015
A total of seven property units in the latest development in the centre of Taipa – Nova Grand – developed by Shun Tak Holdings Limited, are set to be sold by a subsidiary of the company and purchased by...
The Court of Final Instance has denied an appeal made by a former agent of the Public Security Police Force regarding the agent’s dismissal, according to a court filing. The agent was dismissed due to having accepted a HK$10,000...
The cross department task force set up to monitor local food prices, along with a number of local vegetable retailers, visited the province of Gansu to seek new vegetable suppliers for the MSAR, according to a press release posted...
Luxury charter aircraft Crystal Skye, operated by gaming and hospitality group Genting, will depart on its inaugural trip from Hong Kong, instead of a previously announced possibility of departing from the MSAR, according to regional media reports. The trip,...
In order to encourage local youth to start up businesses in mainland China and diversify the local economy, the Guangdong Youth Federation, Hong Kong United Youth Association and the Macao Youth Federation have signed a framework agreement on cooperation,...
Exhibitors are seeking exposure and participants are seeking more diverse offerings for employment placements
The second phase of the construction of the Manduco Social Services Complex is set to be completed in almost two years for a cost of MOP193.9 million, while the first phase of the project is still considered to be on-going by the DSSOPT after a two-year delay
Hotel industry experts are ready for stable occupancy and increases in room rates, with acceleration having commenced mid-July. Currently, occupancy rates are at 80 to 90 pct, with estimates to hold at 90 to 95 pct in the coming weeks. Increases in room rates could hit 10 pct y-o-y, with increased demand outstripping additional supply. However, retailers are not feeling the uptick, with little increase compared to last year’s sales figures.
A 1.06 percentage point increase was registered in the composite consumer price index for June, when compared to the same month last year, as increased pricing of education, health and communication pushed up prices, according to the most recent...
The renewal of Air Macau’s franchise, which has allowed it the position of sole home airline for the MSAR, will happen in 2020 and could leave room for another airline to enter the city’s aviation market, according to an...
Taxpayers from Hong Kong and Macau can now pay their taxes via a new online tax payment platform introduced yesterday in Hengqin, according to the press release by the Zhuhai Hengqin New Area Local Taxation Bureau. The new tax payment...
Local group suggests the use of the 85 kilometres of territorial water should start with plans allowing more exposure to maritime culture
The government believes that there is still room for improvement in the telecommunications sector, however Secretary for Transport and Public Works, Raimundo do Rosário notes that customers are paying less for their services provided by Companhia de Telecomunicaçōes de...
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