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Macau
Thursday, May 25, 2017
Following the arrest of 21 people for alleged corruption related to the falsified test results of concrete used on the Hong Kong-Zhuhai-Macau Bridge, the government is convening a press conference today to announce more details. The HKSAR Government’s official response...
Macau International Airport Company Limited (CAM), the local airport operator, announced yesterday that it has opened a tender for Fixed Base Operators (FBO) for the airport, closing August 9 at 5:00pm. The tender is open to both business and...
ICAC - the anti-corruption watchdog of Hong Kong - have made 21 arrests. Calling into question the stability of the Hong Kong-Zhuhai-Macau Bridge. Potentially falsified tests on concrete compression and a botched internal investigation by the contractor have emerged. Possibly leading to a complete re-evaluation of the project, originally slated for completion this year.
With the Dragon Boat Festival falling next Tuesday, the city is preparing to hold another edition of the International Dragon Boat Races, set to kick off Saturday. Business Daily delves into the history and current development of this cultural phenomenon
Analysts are predicting gross gaming revenue growth of between 14 pct and 20 pct for May, y-o-y
An increase of complaints by local lawyers against PSP and PJ officers for abuse of power has led the Macau Lawyers Association to prepare a joint complaint to the government

Come on up

The Easter holidays helped visitation numbers to the MSAR increase by 11 per cent y-o-y in April, reaching a total of 2.74 million visitors
Macau SAR fiscal reserves amounted to MOP471.37 billion (US$58.77 billion) at the end of the first quarter, according to data released by the Monetary Authority of Macau (AMCM) yesterday. Of the total, MOP272.84 billion constituted deposits and current accounts,...
The MSAR Government is still in talks with the Guangdong Nuclear Accident Emergency Committee to establish a nuclear security information exchange agreement
The deadline for the acquisition of Macau Life Insurance Company Limited, settled nearly a year ago on June 2, 2016, has been pushed back a further three months from the original date defined in the share sale deal, to...
Five years after the Wynn-Okada spat, one of the 17 named in a report into alleged ‘improper relationships’ between Okada and Pagcor officials, is taking Wynn Macau to court. In Macau. In question is personal data protection, which had previously resulted in a MOP20,000 fine for Wynn, as it allegedly transferred the data outside the territory.
The CA slammed IACM for poor supervision of numerous road construction projects, as well as the ineffective performance of the Road Construction Co-ordination Group
The changes to the parking fees announced last November will come into effect June 17, maintaining the same justification previously given that the measures will ‘increase rotation of parking spaces during peak hours’. The new changes affect heavy vehicles,...
The Macau SAR Government has approved the allocation of additional budgets to several local funds, commissions, and institutions for the fiscal year of 2017, totaling over MOP3.66 billion (US$457.50 million/HK$3.56 billion), according to dispatches published yesterday in the Official...
On average, however, male employees made 23.7 per cent more money than their female counterparts
The Court of Second Instance has again refused a request by seven owners of pre-sale housing units at the Pearl Horizon project, to assist in the on-going court litigation, a Court release yesterday stated. According to the release, the Court...
The number of gaming related crime cases increased by 15.2 per cent year-on-year to 424 in the first three months of 2017, as the total number of crimes registered by authorities went up 5.1 per cent yearly to 3,502 cases

Speed it up

Legislators believe revision of the current service procurement law is not going fast enough, while suggesting increased fines for public contract infractions
Total spending by tourists in Q1 hit MOP13.5 billion, a near 17 pct increase y-o-y, but a drop of 9 pct q-to-q. Overall MOP10.6 bln was spent by overnighters, rising almost 20 pct y-o-y. Mainland visitors had the highest per-capita spending at MOP2,002. Visitors spent most on shopping, accommodation and F&B, while MICE visitors had the highest per capita spending, at MOP3,286.
The Productivity and Technology Transfer Centre (CPTTM) has advised the public to make full backups of their cyber information in an attempt to prevent the recurrence of the recent worldwide cyber-attack by the blackmail virus “WannaCry”, local broadcaster TDM...
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