29.7 C
Macau
Tuesday, September 26, 2017
Public bus operator Reolian has seen its commercial speed decrease by 11 percent this year. In a statement, the company said this drop reflects the “complicated and ever-changing road conditions, which imposed substantial pressure on service reliability”. On the other hand,...
The average annual rate of consumer price inflation was 5.5 percent last year, the Statistics and Census Service says. It says higher rents for housing and bigger restaurant bills added 3.8 percentage points to the rate of inflation. The annual rate...
Sands China Ltd. announced yesterday it will delay the opening of the first phase of parcels 5 and 6 in Cotai to the fourth quarter of 2011 versus a previous third-quarter target, due to lack of construction workers. Phase two...
The Monetary Authority of Macau forecasts that the city’s real gross domestic product will expand by a “low single digit” rate in 2013. In its latest Monetary and Financial Stability Review, released today, the monetary authority added that Macau’s GDP...
Macau’s consumer confidence index remained stable in the third quarter, at 84.9 points out of a highest score of 200. But confidence in housing and consumer prices continued to drop: they were down by 5.4 percent and 4.1 percent respectively...
The Macau Government Tourist Office says it has not received notice of any changes on visa issuing by mainland authorities. The comment came after a report over the weekend by Chinese-language newspaper Macau Daily News suggesting that mainland authorities were...
Shun Tak Holdings Ltd is confident its Macau and Hong Kong property businesses will boost its second-half earnings after first-half net profit fell by 33 percent to HK$672 million (US$86.65 million), the South China Morning Post reports. Excluding revaluation gains...
The profit margins of cleaning and security companies would shrink by up to 7.1 percent if a minimum wage of MOP30 (US$3.75) an hour is introduced, a study has found. The University of Macau study of 20 companies, released by...

Planking it out

It is not the first time this has happened, and although the novelty of planking has worn off, in Macau it has remained – especially when it comes to showing one’s dissatisfaction. Around 20 people planked yesterday outside a CTM...
The construction platform of the Hong Kong-Zhuhai-Macau Bridge which collapsed last March 29 killing two Nepali workers had ‘design flaws,’ claimed the Confederation of Trade Unions in Hong Kong, The Standard paper reported. The two workers were killed because their...
The mainland’s trade with Macau increased by 11.8 percent year-on-year to reach US$1.63 billion (MOP13 billion) during the first eight months of the year. The mainland’s exports to Macau went up 9.2 percent year-on-year to US$1.52 billion from January to...
Atronic International announced that Marcel Heutmekers has been named Senior Director for Latin America and Asia. Mr Heutmekers’ experience spans 13 years in the gaming industry, including his leadership at Holland Casino’s slot department, where he oversaw the installation base...
The government has suspended construction work at Melco Resorts and Entertainment Ltd’s hotel Morpheus, located in Cotai, after a fatal accident last Friday, according to a statement from the Labour Affairs Bureau (DSAL). The worker killed in the accident was...
The Asia Pacific Poker Tour has announced the schedules for the eighth season of its APPT Macau tournament and its 21st Macau Poker Cup. Both tournaments will be held in the PokerStars LIVE Macau poker room. The APPT Macau tournament will...
A group of over 200 workers from Sands Cotai Central yesterday called the police to the casino resort to deal with complaints regarding overtime payments during Typhoon Vicente. According to Macau Daily Times, the staff were asked to work overtime...

AERL going strong

Junket operator Asia Entertainment & Resources Ltd. reported its unaudited rolling chip turnover for October stood at US$2.11 billion (MOP16.9 billion), up 84 percent year-over-year. This compares with a year-over-year increase in gross gaming revenue for Macau of 42 percent...
A leading figure in the field of the performing arts in Macau says the city’s performing arts industry has made little progress because it is uncompetitive, Business Daily reports. The newspaper quotes Red Studio business director Sérgio Almeida as saying...
Owners of motor vehicles registered in Macau may be able to begin buying next year insurance policies that cover their vehicles both in Macau and over the border on Hengqin Island, according to the president of the Macau Insurers...
China Star Entertainment Limited, operator of the Lan Kwai Fong Hotel, is selling its wholly-owned subsidiary Ace Season Holdings Limited to China Healthwise Holdings Limited, according to a filing of the company with the Hong Kong Stock Exchange on Wednesday...
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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