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Year: 2016

South Korean visitors to Macau rise 49 pct in June

South Korean visitors to Macau rise 49 pct in June

Macau’s South Korean visitor arrivals rose 49.5 per cent to 47,957 in June, the highest increase of any visitor segment, according to figures released by the Statistics and Census Bureau (DSEC) last week. The total number of visitor arrivals rose 4.9 per cent year-on-year to 2.36 million last month. However, month-to-month, the figure was down […]
China unveils in Zhuhai world’s largest amphibious aircraft

China unveils in Zhuhai world’s largest amphibious aircraft

China has completed production of the world’s largest amphibious aircraft, state media has said, the latest effort in the country’s program to wean itself off dependence on foreign aviation firms. The state-owned Aviation Industry Corporation of China (AVIC) unveiled the first of the new planes, dubbed the AG600, Saturday in the southern port city of Zhuhai, the […]
Macau government expects visitors to revamped Grand Prix museum to triple

Macau government expects visitors to revamped Grand Prix museum to triple

Macau Government Tourist Office (MGTO) Director Maria Helena de Senna Fernandes said on Thursday she expected the revamped Grand Prix Museum to attract up to three times more visitors than it does currently. On Thursday, the office organised a media briefing about plans to revamp the museum at the Tourism Activities Centre (CAT) in Zape, […]
Canidrome to relocate or shut down its operations by 2018

Canidrome to relocate or shut down its operations by 2018

The Macau government has ordered Macau (Yut Yuen) Canidrome Co Ltd. to relocate its greyhound racing track or shut down its operations within the next two years. The racing track is located in the northern area of the Macau peninsula. A press release issued today by the Gaming Inspection and Coordination Bureau (DICJ) states that […]
Macau’s June annual inflation continues to slow

Macau’s June annual inflation continues to slow

Annual inflation in Macau in June continued to slow down, posting an increase of 2.26 per cent year on year, or a decrease of 0.38 percentage points compared to May, reported the city’s Statistics and Census Bureau. Growth in June was mainly due mainly to rising car park rates as well as the prices of […]
Spending on public projects boosts Macau’s competitiveness

Spending on public projects boosts Macau’s competitiveness

Chief Executive Fernando Chui Sai On said on Wednesday that the development of public infrastructure did help enhance the city’s competitiveness in the long term. Chui also said he was still considering whether to add the proposed renovation of the Grand Prix Museum to his policy address for next year. Chui spoke to reporters at […]
Macau and China add protocol to the agreement to avoid double taxation

Macau and China add protocol to the agreement to avoid double taxation

The Macau Special Administrative Region (MSAR) and China’s State Administration of Taxation in Beijing signed an additional protocol to the agreement to avoid double taxation and prevent tax evasion, officials said in Macau. The Additional Protocol, the third, according to the statement released by the Office of the Secretary for Economy and Finance includes reducing […]
VIP baccarat is the main source of revenue from Macau’s casinos in 1st half

VIP baccarat is the main source of revenue from Macau’s casinos in 1st half

VIP baccarat remained the main source of gross revenue from Macau casinos in the first half of 2016, according to data released Monday by the Gaming Inspection and Coordination Bureau. Gross revenue from Macau casinos amounted to MOP 107.787 billion (US$13.473 billion), and revenues from VIP baccarat totalled MOP 56.980 billion (US$7.1225 billion), accounting for […]
Macau Liaison office has new chief

Macau Liaison office has new chief

The Liaison Office of the Central People’s Government in Macau said in a statement on Tuesday that the State Council has appointed Wang Zhimin as director of the Liaison Office, replacing Li Gang as the central government’s top official posted to Macau. According to the statement, Wang, aged 59, was born in Fujian’s Xianyou county. […]
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