28 C
Macau
Tuesday, July 25, 2017
The MSAR has reached a consensus with the mainland to set up a Guangdong- Macau nuclear safety notification scheme
Vitória Alice Maria da Conceição will continue to head Macau’s Financial Services Bureau for a further two years. The announcement was made in today’s Official Gazette. Ms Conceição’s appointment as the director of the bureau was extended until November 2014. She has...
The Statistics and Census Service intends to begin publishing this year or next new sets of data, according to its director, Paul Ieong Meng Chao. Mr Ieong told reporters that one set would cover investment by Macau enterprises in the...
But not just yet. Passengers will need to wait until June to use the new ferry terminal in Taipa. Gov’t authorities and related bodies assembled at the official opening ceremony yesterday to laud the 200,000 sq. m., 16 docking berth, 127 border crossing channel behemoth which took MOP3.8 bln (US$474m) to build over a decade.

Effective adjustment

Most committee members agree that the results of the new adjustments to the city’s transportation fees have been positive, said committee representative Kou Kun Pang after yesterday’s Traffic Affairs Consultative Committee meeting. Kou revealed however, that some members expressed their...
Room prices in April, meanwhile, dropped y-o-y although up m-o-m
About 80 local residents have requested assistance from the MSAR Tourism Crisis Management Office
Galaxy Macau workers have joined hands with the Macau Civil Servant’s Association. Demanding better working conditions. Plus salary adjustments pegged to the cost of living. Chinese New Year bonuses and compensation leave for holidays on workers’ days off are on the agenda, too.
Continuing the legacy of former local businessman Theodore “Teddy” Yip, Teddy Yip Jr. successfully resurrected his father’s racing team SJM Theodore Racing team in 2013, with the team conquering two of the last three Macau Formula 3 Grand Prix. After a second place position in this year’s Formula 3 championship by the team’s driver Felix Rosenqvist, the Theodore Racing owner talks about his successful partnership with Italian motorsport team Prema Powerteam and his plans for Asian expansion.

Post-CNY Calm

The MSAR recorded nearly 2.5 mln visitor arrivals in February. Down 5.6 pct y-o-y, or 13.2 pct m-o-m. This year’s Chinese New Year occurred in January, while last year’s was in February. Decreases were primarily evident in visitations from the Mainland and Hong Kong. While those from South Korea kept surging.
Global Finance publication salutes Macau. Factoring in various metrics to rank the MSAR third richest territory in the world. Thanks to the bounce-back in gaming revenues. Just after Qatar and Luxembourg. GDP and purchasing power were the primary considerations.
The former personal driver of the ex-Prosecutor-general said he had seen pieces that seemed to be agar wood taken by Ho Chio Meng from his Cheoc Van residence to the Hotline Building
The MSAR government will submit a request to the central government this year for land reclamation for the expansion plan
Funding for Science and Technology Development granted MOP140.35 million to finance projects developed by local universities and schools, as well as a few individuals and technology companies, in the fourth quarter of 2016, according to data published by the...
The acting governor of Guangdong Province, Ma Xingrui said the province undertook in-depth measures last year regarding the co-operation framework agreements between Macau and Hong Kong, broadcaster TDM Radio reported yesterday. These measures aim to deepen the free trade of...

Money Machine

Illegal cash withdrawal services. Via modified point-of-sale terminals. Discovered by local police. Eight shops were raided, and 23 arrested. An underground factory for modifying the terminals was also uncovered. JP Morgan analysts believe the raid won’t affect legal UnionPay transactions.
The President of the Second Standing Committee of the Legislative Assembly (AL), Chan Chak Mo, said he is “100 per cent sure” the law changes transferring civil protection responsibilities to the Unitary Police Service (SPU) will be enforced before...
Twelve years after the start of construction, the opening of the new ferry terminal in Taipa is now a matter of weeks away
Hong Kong billionaire Joseph Lau Luen Hung has distributed his interests in Chinese Estates Holdings Ltd. to his children due to his ‘very unstable health condition,’ according to a company filing with the Hong Kong Stock Exchange yesterday. In...
The new passed bill suggests housing subsidy for civil workers will be increased to MOP3,320 next year
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