25 C
Macau
Thursday, May 25, 2017
Companhia de Telecomunicações de Macau SARL will bid for a cable television licence when Macau Cable TV Co Ltd’s monopoly expires in April. Any cable television service offered by the city’s biggest telecommunications provider would supplement the existing service, not...
Junket investor Amax Holdings issued a profit warning on Wednesday night announcing it had hired a corporate restructuring and insolvency expert firm. Amax, controlled by long-time Macau VIP room operator Ng Man Sun, hired Horwath Corporate Advisory to assist with...
Some 89 motorbikes and several bicycles were severely damaged by a fire early yesterday morning. The affected area was near the residential building San Pou Garden on Avenida Norte do Hipódromo on the Peninsula. According to local broadcaster TDM Radio...
In 2009, Macau only had 20 companies dedicated to conference and exhibition organizing services, engaging a total of 85 people. According to official data, last year total receipts of the sector grew by 45.7 percent year-on-year to MOP76.79 million. Total expenditure...
The AGEM Index, a composite score of 17 global gaming suppliers, declined by double digits for the second consecutive month, reaching a value of 88.89 points by the close of June 2010 (down 14.69 points from May). The latest movement...
By Luciana Leitão When James Brown recorded the song “It’s a Man’s, Man’s, Man’s World” in 1966 he may not have imagined that the words, described by Rolling Stone magazine as “almost biblically chauvinistic”, would still apply nearly half a...
Klaus Schwab Founder and Executive Chairman of the World Economic Forum When financial policymakers attempt to promote economic growth, they almost invariably focus on looking for new ways to unleash capital. But, although this approach may have worked in the past,...

Median wage in Macau up

Median monthly employment earnings increased by MOP500 in the third quarter of 2010, according to official data. The overall median monthly employment earnings reached MOP9,000, while that of local residents held stable at MOP10,000. The principal indicators of employment for the...
The Health Bureau is investigating an alleged case of food poisoning at one of Galaxy Macau’s buffet restaurants. The incident took place last week, on Wednesday and Thursday. At least 11 customers showed symptoms of food poisoning. Preliminary inspections have not found...
Worries about bond market liquidity illustrate little more than the fact that if you remove a subsidy, the price goes up. In this case the subsidy was from the public purse to banks, and through them to market liquidity as...
Eight Asians were arrested in Las Vegas on Sunday for operating an illegal World Cup gambling ring from three Caesars Palace hotel suites. Among the arrested was a Malaysian deported from Macau last month for setting up an illegal...
The Macau Government is allocating a total of MOP8.48 million for this year and next for wastewater treatment systems and maintenance for Taipa and the Airport. The notice published in yesterday’s Official Gazette says the wastewater treatment systems and maintenance...
Belle Corp. is in discussions with a Macau-based gaming firm for a partnership regarding its entertainment complex to be built on Manila Bay. Alfredo Benitez, majority owner of Leisure & Resorts World Corp. (LRWC), said he expects to conclude a...
PokerStars will officially open its newly branded live poker room at Melco Crown Entertainment Ltd’s City of Dreams tomorrow. The world’s biggest online poker company will have 13 permanent poker tables on the main floor of Melco Crown’s flagship casino...
The number of investments by Macau enterprises in the mainland grew by almost 50 percent last month to 23 projects, compared with the same month of 2012, the mainland’s Ministry of Commerce announced yesterday. The combined value of these projects...
Jiangmen authorities announced last week that it is open for investment from Macau firms establishing facilities for the elderly, such as nursing homes, reporting that the first project had reached an agreement worth 1.5 billion yuan. The Mainland city...
The government will set the minimum wage for all cleaning and security staff at MOP28 (US$3.51) an hour. The director of the Labour Affairs Bureau, Wong Chi Hong, said on Friday the government would introduce legislation soon, but did not...
Italy's GTECH Spa intends to buy Las Vegas maker of slot machines International Game Technology for US$4.7 billion (MOP 37.6 billion), Reuters reports. The news agency quotes GTECH as saying it would pay in cash and shares and take on...
The public tender for the operation and maintenance of the Macau Sewage Treatment Plant was cancelled yesterday, according to a press release published in the Official Gazette of the Environmental Protection Bureau (DSPA). The cancellation is a consequence of...
Local airline Air Macau Co. Ltd. will introduce a new flight route to Guiyang, China, according to the airline’s official website. The new flight connection will be launched on 23 September, with a total of three flights per week....
- Advertisement -