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Macau not a tax haven and complies to all international rules, says SARM government

Macau not a tax haven and complies to all international rules, says SARM government

Macau, China, 6 Apr – The Macau secretary for Economy and Finance, Francis Tam Pak Yuen, said that the Chinese Special Administrative Region is not a tax haven and complies with current legislation regarding tax issues, helping international efforts in combating money laundering. The statements made by Francis Tam, disclosed by the Macau Government Information […]
Daytrippers accounted for 54 percent of Macau visitors in 2008

Daytrippers accounted for 54 percent of Macau visitors in 2008

Macau, China, 06 Apr – Daytrippers accounted for 53.7 percent of all visitor arrivals during 2008, the Statistics and Census Service (DSEC) has announced. The number of daytrippers reached 12.3 million in 2008. Package-tour visitors (4.9 million) accounted for 21 percent of all visitor arrivals in 2008. The total number of visitor arrivals last year […]
Macau International Airport Company recorded a net loss of US$ 10 million in 2008

Macau International Airport Company recorded a net loss of US$ 10 million in 2008

Macau, China, 31  Mar – The Macau International Airport Company (CAM) recorded a net loss of US$ 10 million (80.2 million patacas) in 2008 an 81.6 percent increase on 2007, Deng Jun, chairman of the board of directors and executive committee said Monday. Deng made the remark at a press conference that took place on […]
Chinese Communist Youth League recommends Chief Procurator of Macau as new Chief Executive

Chinese Communist Youth League recommends Chief Procurator of Macau as new Chief Executive

Macau, China 31 Mar- Ho Chio Meng, the Chief Procurator of the Special Administrative Region of Macau, received support from the Chinese Communist Youth League to become the future Chief Executive of the territory, reported Ponto Final newspaper in an article published last week. The Portuguese-language newspaper cited a report in China Profiles, which was […]
Air Macau losses in 2008 surpass US$13.6 million

Air Macau losses in 2008 surpass US$13.6 million

Macau, China, 27 Mar – In 2008 Air Macau posted a loss of more than the 109 million patacas (US$13.6 million) posted in 2007, said the airline’s chairman Zhao Xiaohang at the end of a board of directors meeting that took place on Thursday to discuss the company’s financial situation. Zhao Xiaohang also said that […]
Macau government wants to cut imported labour in half in 2009

Macau government wants to cut imported labour in half in 2009

Macau, China, 26 Mar – The government of Macau plans to reduce imported labour by at least a half to ensure work for Macau residents, according to a statement from the Government Information Bureau. The number of non-resident workers in Macau currently stands at 89,331 people, 15,000 less when compared to September, 2008. The Macau […]
Businessman Ho Iat Seng says he is not in running for role of Macau Chief Executive

Businessman Ho Iat Seng says he is not in running for role of Macau Chief Executive

Macau, China, 23 Mar – Businessman Ho Iat Seng, who has been mentioned as one of the potential candidates for the Chief Executive of the Special Administrative Region of Macau from 20 December 2009, said Monday that he was “not a candidate for the post.” Speaking to television station, Teledifusão de Macau (TDM) Ho Iat […]
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