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Day: June 23, 2016

Prices in Macau continue to slow in May

Prices in Macau continue to slow in May

Consumer prices in Macau in May continued to slow, with year on year inflation at a rate of 1.64 per cent, or 38 basis points less than in April, said the region’s Statistics and Census Bureau (DSEC). A chart provided by DSEC in the statement on May’s CPI shows that the general index has been […]
Macau top court rejects Moon Ocean’s La Scala appeal

Macau top court rejects Moon Ocean’s La Scala appeal

The Court of Final Appeal (TUI) has rejected Moon Ocean Ltd’s request to annul a 2012 administrative order by Chief Executive Chui Sai On which invalidated the company’s provisional leaseholds of five plots of land where the aborted La Scala residential project is located, according to a statement issued by the court on Wednesday. Chui’s […]
Shun Tak to build mall with cineplex in Taipa, Macau

Shun Tak to build mall with cineplex in Taipa, Macau

Shun Tak Holdings Limited said in a statement on Wednesday that it was partnering with an Abu Dhabi company to build a shopping mall with a cineplex in Taipa that was expected to be operational in 2019. The statement said that the 50/50 joint venture partnership was agreed upon with HIP Company Limited, a wholly-owned […]