22.6 C
Macau
Monday, March 27, 2017
Companhia de Telecomunicações de Macau, SARL (CTM) recorded earnings before interest, tax, depreciation and amortisation of MOP392 million (US$49 million) in the first quarter of this year. This is an increase of 20 percent year-on-year, the company’s shareholder Portugal Telecom...
The Macau government is set to introduce a deposit protection scheme bill. The bill proposes banks to compensate depositors up to a maximum of MOP500,000 (US$62,500) in the event of a bank failure. Macau already has a similar scheme in place,...
Portugal has named Rodrigo Brum as its newest representative to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Forum Macau), according to local broadcaster TDM. Brum will also serve as the deputy secretary-general of the...
The University of Macau (UM) welcomes the public to attend the first Open Day of its new campus on Sunday 29 March from 10:00am to 5:00pm. Various faculties and laboratories will be open to the public, while there will...
There is widespread agreement on two facts about the Chinese economy. First, the slowdown has ended and growth is picking up. Second, not all is well financially. But there is no agreement on what happens next. The good news is...
Bank of China Ltd, Macau branch has joined Citic Telecom International Holdings’ acquisition of local telecommunications provider CTM. The news was broken by Bloomberg, quoting two people familiar with the matter, who asked not to be named as the details...
Online securities trading has steadily gained popularity among retail investors in Macau, according to service providers, Macau Business reports in its June issue. The actual number is hard to quantify since there is no official data on online securities trading...
The city’s unemployment rate stood at 1.9 per cent, and its underemployment rate at 0.5 per cent during the months of May, June and July, according to the most recent data from the Statistics and Census Service (DSEC). Both figures...
The government declared yesterday the invalidity of the concession of a land plot in Coloane originally designated for expanding the island’s only port, according to yesterday’s Official Gazette. The land parcel was granted to Macauport - Sociedade de Administração de...
Macao Water Supply Co Ltd executive director Kuan Sio Peng has said her company may again ask the government to pay it more to provide the city with water. The government said last week it would pay the company MOP5.12...
The 28th East Asian Insurance Congress is to be held in the MSAR in October. For the second time since 1998.
NASDAQ-listed VIP operator Asia Entertainment & Resources Ltd. (AERL) announced that it would be adding a private room to its VIP facility at StarWorld Hotel. The move is justified in order to handle the increasingly high demand for private rooms,...
In 1993, the economists Alberto Alesina and Larry Summers published a seminal paper that argued that central bank independence keeps inflation in check, with no adverse consequences for economic performance. Since then, countries around the world have made their...
Andy Home Reuters columnist The London Metal Exchange (LME) Asia festivities have just wrapped up in Hong Kong. It is the third such annual event since the LME was bought by Hong Kong Exchanges and Clearing (HKEx) in 2012 and each year,...
The number of migrant workers in Macau had risen to 173,358 by the end of last month, 20.6 per cent more than a year earlier, police data indicate. The data show that the number of migrant workers from the mainland...
It has become impossible to deny the so-called secular stagnation gripping the world’s most developed economies: Wealth is piling up, but real wages are barely rising and labour force participation has been on a downward trend. Worse yet, policymakers...
The Infrastructure Development Office (GDI) says that the superstructure works for the Macau Border for the Hong Kong-Zhuhai-Macau Bridge will kick off within this quarter, after the foundation works for the project are finished later this month. ‘We are...
Global gambling revenues passed US$400 billion (MOP3.2 trillion) last year, according to the latest research undertaken by Global Betting and Gaming Consultants. The provisional figures show that gambling activities generated US$419 billion in revenues across the world in 2011. This figure...
The Macao Trade and Investment Promotion Institute has set up a display facility called “Macao Ideas – Taipei” in the Macau Economic and Cultural office in Taiwan, located in the Taipei 101 building. According to a press release, the venue...
In order to broadcast on Mainland Chinese video hosting services, online streaming shows from the MSAR will be required to reveal their identity and to have a government permit
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