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Year: 2016

Macau and Guangdong explore cross-border ecommerce platform

Macau and Guangdong explore cross-border ecommerce platform

In recent years, China’s e-commerce and online payment markets are getting mature and popular. Smartphone payments tools like Alipay and Wechat are now inseparable from public life. Yet, these markets are still at the beginning stage in Macau. An e-commerce expert from Guangdong suggested the two places to build together an online payment platform, or […]
Wynn hopes business will pick up by year-end

Wynn hopes business will pick up by year-end

Wynn Resorts Macau Executive Director Linda Chen told reporters yesterday she expects gaming industry revenue to stabilise this year and hopes that there will be a slight rebound by the end of the year. Chen made the comments at Wynn Macau where she attended the opening of a business matching session with local small- and […]
Cultural Heritage Council meeting to be open “when possible” says Ung Vai Meng

Cultural Heritage Council meeting to be open “when possible” says Ung Vai Meng

Cultural Affairs Bureau (IC) President, Ung Vai Meng, said the government will open certain meeting of the government-appointed Cultural Heritage Council to the public “whenever possible”. Ung made remarks after signing ceremony for an implementation plan for cultural exchanges and co-operation between Macauand the mainland in 2016-18, at the UNESCO World Heritage-listed Mandarin House. Some […]
IMF says Macau economy to contract 7.2 per cent in 2016

IMF says Macau economy to contract 7.2 per cent in 2016

The International Monetary Fund (IMF) forecast Macau SAR’s economy to contract 7.2% for 2016 and to resume a positive growth of 0.7% for 2017 informed the Monetary Authority of Macau on Wednesday. The international organisation indicated that Macau SAR’s inflation to linger around 3.0% and its unemployment rate to stay at a low level of […]
Business-government collusion is ‘rather serious’ says CCAC

Business-government collusion is ‘rather serious’ says CCAC

The Commission Against Corruption (CCAC) is concerned about “rather serious” collusion between business people and government officials, according to an annual report released by the graft buster on Wednesday. The report also singles out the shocking case of two Public Security Police (PSP) officers suspected of fabricating evidence. The commission says in the report its […]
Shrek the Musical to stage in Macau this summer

Shrek the Musical to stage in Macau this summer

Shrek, the ogre, and his friends will take the stage in Macau this summer, as part of an international tour. Named ‘Shrek the Musical,’ this Broadway production is based on the Oscar-winning DreamWorks Animation film and the book by William Steig. Debuting on Broadway in 2008, the musical portrays a faraway kingdom where things get […]
Macau at risk of overcapacity said Morgan Stanley

Macau at risk of overcapacity said Morgan Stanley

Morgan Stanley warns of overcapacity in Macau as thousands of rooms and hundreds of gaming tables come online by 2017, according to a note from the brokerage. “This could result in either cannibalization or rise in competition – thus, margin erosion,” says the note. Morgan Stanley analysts say Macau will see over 6000 new rooms […]
Teaching material deal ‘lawfully granted’ in Macau

Teaching material deal ‘lawfully granted’ in Macau

Chief Executive Fernando Chui Sai On confirmed that the government has granted a 5.9 million pataca service contract to the Macau Association for Promotion of Science and Technology, which is headed by his cousin Jose Chui Sai Peng, for compiling general knowledge teaching materials for local primary schools, “according to the law and established procedures”. […]
Govt announces rise in vehicle insurance premiums

Govt announces rise in vehicle insurance premiums

Macau, china, 12 Apr-The government’s top advisory body announced Manday the revision of a by-law on mandatory third party liability insurance for road vehicles, entailing increases in insurance premiums and minimum coverage. Executive Council spokesman Leong Heng Teng made the announcement in a press conference at Government House. The changes will affect cars, motorcycles, scooters, […]
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