National People’s Congress (NPC) Standing Committee Chairman Zhang Dejiang told a delegation of the Macau Chamber of Commerce (ACM) in Beijing Tuesday that the holding of a so-called “civic referendum” in Macau would violate the Macau Basic Law. ACM President Ma Iao Lai revealed Zhang’s position on the controversy when talking to reporters after a […]
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Macau Monetary Authority (AMCM) President Anselmo Teng Lin Seng said Monday that the People’s Bank of China (PBOC) and the AMCM had agreed to sign a co-operation agreement to fight money laundering. Teng said the deal would further strengthen co-operation between the two sides to fight money laundering. Teng made the remarks to reporters after […]
Median monthly employment earnings in the gaming industry amounted to 16,000 patacas in the April-June employment survey released by the Statistics and Census Bureau (DSEC) Monday. The number of gaming industry workers rose by 5,500 in the first quarter to 80,100 in the second quarter, accounting for 20.9 percent of the city’s total employment. In […]
The International Monetary Fund (IMF) in Washington says there is evidence of a “threat of a housing bubble” in Macau and “overvaluation” in the local property market, according to a statement by the Macau Monetary Authority (AMCM) citing an IMF report Macau’s financial sector regulator issued the statement on Friday. The IMF report said that Macau […]
The newly elected board members of the Macau Chamber of Commerce (ACM), including Chairman Ma Iao Lai and board member Lionel Leong Vai Tat, both members of the government’ top advisory Executive Council (ExCo), flew to Beijing Sunday for meetings with a number of central government entities, including the State Council’s Hong Kong and Macau […]
Macau’s long-delayed legislation on animal protection is heading for another delay due to procedural matters in the legislature. The Legislative Assembly’s Rules and Statutes Committee reached a consensus Thursday that a government-drafted bill on protecting animals is a “repeat” of the one unsuccessfully proposed by lawmakers José Pereira Coutinho and Leong Veng Chai in February, […]
Government broadcaster TDM said in a statement Thirsday that it had submitted a complaint to the Public Prosecution Office (MP) over an incident in which several casino workers taking part in a demonstration outside the Venetian “harassed” the TV station’s journalists. The statement, signed by TDM Executive Committee Chairman Manuel Gonçalves Pires Jr., added that […]
Macau’s number of visitor arrivals from Japan rose 25 percent to 24,208 in June, the highest year-on-year growth of any major visitor segment in that month, according to data released by the Statistics and Census Bureau (DSEC) Wednesday. The number of South Korean visitors grew 24.5 percent year-on-year to 41,786 last month. June’s total number […]
Macau Cultural Resources Association (MCRA) Vice President Cheong Cheok Fu said Tuesday that while residents should not reject the universal value of democracy, neither should they rush to demand the introduction of universal suffrage to elect the chief executive and all lawmakers as they are not yet fully prepared. Cheong made the remark on the […]