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Macau
Tuesday, July 25, 2017
January is usually expected to be a good month for stock markets, with new money gushing into investment funds, while tax-related selling abates at the end of the year. Although the data on investment returns in the United States...
A commitment to the independence of central banks is a vital part of the creed that “serious” policymakers are expected to uphold (privatization, labour-market “flexibility,” and so on). But what are central banks meant to be independent of? The...
People from Macau are now banned from buying shops in Guangzhou, as a means of tightening controls on its retail property market. South China Morning Post today reports that the policy came into effect last week after investors shifted their...
The President of the Macau Construction Industry Environmental Protection Society warned yesterday that the levels of pollution in the air will pose a problem for the SAR in the future. Antonio Trindade also said that Macau inhabitants have already...
The founder of Oasis Electric Motorcycle Factory, Macau’s first maker of electric motorcycles, believes such bikes require government promotion if they are to become popular, Business Daily reports. The newspaper quotes Oasis Electric Motorcycle Factory chairman Alexander Chan Kuok Keong...
Factory orders slumped in the second quarter of this year to their lowest since records began in 2004, a Macau Economic Services survey has found. Exporters had an average of 2.1 months of orders in the second quarter, 23.6 percent...
The board of directors of Sands China Ltd. will meet on January 31 for the purpose of considering the payment of an interim dividend, the company has announced. If approved, it will be the first time Sands China Ltd. has...
The Macau Jockey Club posted losses of about MOP50 million (US$6.25 million) in 2012, the club’s chief executive, Thomas Li Chu Kwan, said last week. This figure is nearly three times higher than the loss of MOP17.8 million posted in...
Macau is one of the cheapest places in Asia for expatriates to live in, survey of 63 cities by ECA has found. The survey results show Macau is the 35th-most expensive for expats, ranking below most cities in Greater China. Hong...
Legislators are questioning gov’t results from SME schemes. Urging ongoing non-financial support rather than splashing out on subsidies only. DSE claims 90 pct of businesses opened under the schemes remain in operation. But legislators say the gov’t should be on top of its monitoring game.
Macau’s legislature will this afternoon give its final vote on a revised tobacco control bill that will ban smoking in almost all workplaces, except for casinos, where smoking will be permitted on up to half the floor area. Debate has...
“Don’t ask where I’m from, ask where I’m a local” was the advice presented by Taiye Selasi when she spoke at TEDGlobal in 2014. I recently had the opportunity of watching her talk and I was incredibly moved with...
Citic Telecom International Holdings Ltd confirmed it is talking to other shareholders of CTM over the proposed acquisition of a major stake in the company. In a statement sent to the Hong Kong Stock Exchange yesterday, Citic did not reveal...
Macau’s only electricity utility CEM will have its contract renewed for 15 years next month, according to the director of the Energy Sector Development Office, Arnaldo Santos. Mr Santos said that the new contract would reduce the current 12-percent guaranteed...
Hainan intends to introduce video lottery terminals for the mainland’s Sports Lottery, GamblingCompliance reports. The website says video lottery terminals will probably be tried out in the province with a view to using them throughout the mainland. The Hainan provincial authorities...
Auto Italia Holdings Ltd, which owns the Ferrari and Maserati dealership in Macau, says it increased its net profit to HK$6.5 million (about US$833,333) in the first half of this year, 261 per cent more than a year earlier. But...
A minority of Macau people are worried by the prospect of the economy slumping as casino business declines, the results of survey by the Association of Macao New Vision indicate. The survey found that 16.57 per cent of the 774...
By Sara Farr One of Macau’s best-kept secrets is the amount of money visitors bet on average in casinos. A survey by the Institute for the Study of Commercial Gaming at the University of Macau has now shed some light...
A loss of almost 14 million patacas (US1.8million) was registered last year by Nam Kwong Natural Gas Co., LTD, according to the annual report released by its board yesterday. The report reveals that as at 31 December 2013, the company...
Former MGM Mirage chief executive officer Terry Lanni passed away last week. Mr Lanni, who stepped down in 2008 as chief executive officer of the company now known as MGM Resorts International, died at age 68, after a two-year battle...
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