The government is planning to abolish bearer shares issued by public limited companies (known as sociedades anónimas, or SA, in Portuguese), so as to be in line with the requirements of the Global Forum on Transparency and Exchange of Information for Tax Purposes, as part of its efforts to crack down on money laundering and […]
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Chief Executive (CE) Fernando Chui Sai On said Wednesday that if – as generally expected – the government will again enjoy a budget surplus, its wealth-sharing programme – popularly known as cash handout – will continue next year since he wants to “share the fruits of economic growth” with the city’s residents. Chui also said […]
Macau Government Tourist Office (MGTO) Director Maria Helena de Senna Fernandes said Wednesday she estimated that Macau’s number of visitor arrivals this year will exceed 30 million. Speaking to reporters at the Fisherman’s Wharf on the sidelines of the annual Macau Grand Prix press conference, Senna Fernandes said that with such a high number of […]
Macau Grand Prix Committee Co-ordinator João Manuel Costa Antunes said Wednesday that the budget for this year’s motor-racing event will be about 199 to 200 million patacas, stressing that about a third of the budget will be spent on safety measures. Antunes made the remarks during a press conference at the Macau Fishersman’s Wharf […]
Macau’s gold jewellery imports fell 29 percent year-on-year to 723 million patacas in August, the Statistics and Census Bureau (DSEC) announced Tuesday. However, the import of watches – another item popular with mainland tourists – rose 30 percent to 720 million patacas. Mobile phone imports dropped 21 percent to 311 million patacas. The import of […]
Hunan Jingtai Fireworks Co., Ltd. from China won the 26th Macau International Fireworks Display Contest held for 5 days in September and October. The team from China was followed by Spain and Australia in the second and third place respectively. The winner received US$ 8,000 dollars with Spain and Australia receiving US$ 4,000 dollars and […]
The Macau Customs Service has busted a trading company which sold parallel imports to 47 branches of three local supermarkets. A customs spokesperson told a press conference yesterday that officers were tipped off a few months ago that the company had arranged for a group of people to bring the goods across the border from […]
The 17th Lusofonia Festival co-organised by the Civic and Municipal Affairs Bureau (IACM) and the Macau Government Tourist Office will kick off on October 17 and last for three days, costing the government about 2.4 million patacas, a 41 percent increase from the 1.7 million patacas spent last year. IACM Administration Council member Ma Kam […]
The Public Security Police (PSP) said in a statement yesterday that pedestrian traffic flow control measures will be implemented in the city centre – namely Avenida de Almeida Ribeiro (San Ma Lou) – and at the Barrier Gate checkpoint during the Golden Week holiday period if too many people are thronging the areas. The […]