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Day: September 23, 2015

Macau real estate developer arrested in the U.S.

Macau real estate developer arrested in the U.S.

Authorities in the U.S. arrested Macau real estate developer Ng Lap Seng on Saturday. Alongside his assistant, Jeff Yin, Mr Ng was charged with engaging in a two-year scheme to import over USD4.5 million into the United States under false pretenses. Reuters has reported that both man were informed of the accusations through a criminal […]
Macau Secretary for Economy and Finance meets gaming operators

Macau Secretary for Economy and Finance meets gaming operators

The Secretary for Economy and Finance, Lionel Leong, has exchanged views with gaming operators on how to maintain economic vitality, enhance Macau’s competitiveness, stabilize the job market and strengthen social responsibility in the sector. According to a statement from Mr Leong issued by the Government Information Bureau, the government has always been concerned with the […]
Macau currency to be used in Hengqin

Macau currency to be used in Hengqin

Mainland authorities are striving to draw up a preliminary scheme within the year that would allow local currency to be used in Hengqin before they move to seek approval from the Chinese central bank. This information was revealed by Hengqin New Area Administrative Committee director Niu Jing on the sidelines of a session exploring financial […]
Macau real estate developer arrested in the U.S.

Macau real estate developer arrested in the U.S.

Authorities in the U.S. arrested Macau real estate developer Ng Lap Seng on Saturday. Alongside his assistant, Jeff Yin, Mr Ng was charged with engaging in a two-year scheme to import over USD4.5 million into the United States under false pretenses. Reuters has reported that both man were informed of the accusations through a criminal […]