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Goverment sold Taipa land to HK firm for 1.36 billion patacas

Goverment sold Taipa land to HK firm for 1.36 billion patacas

The Court of Final Appeal (TUI) heard Wednesday that it was the government’s then secretary for transport and public works Ao Man Long who had decided to sell five plots of land totalling 79,000 square metres opposite the airport in Taipa to a company headed by Hong Kong real estate tycoon Joseph Lau Luen-hung for […]
Ponte 16 inks HK$1.9 billion, 400 million yuan loan

Ponte 16 inks HK$1.9 billion, 400 million yuan loan

Pier 16 –Property Development Ltd., the owner of the Ponte 16 casino-hotel in Macau, announced in a statement Tuesday the signing of HK$1.9 billion and 400 million yuan 5-year syndicated loan facilities with 11 banks. According to the statement cited by The Macau Post Daily today, ICBC (Macau) Ltd. is the mandated lead arranger and […]
Hong Kong tycoon denies bribery claim in Ao Man-long case

Hong Kong tycoon denies bribery claim in Ao Man-long case

Chinese Estates Holdings chairman Joseph Lau Luen-hung Tuesday denied bribing ex- Macau official Ao Man-long, according to the Hong Kong media today. In a filing to the Hong Kong bourse, Lau said he had not given Macau’s former secretary for transport and public works “an unlawful advancement or bribe.” Macau’s Court of Final Appeal alleged […]
Hotel occupancy rate reaches 82.3 pct in Jan-Feb

Hotel occupancy rate reaches 82.3 pct in Jan-Feb

Macau’s hospitality industry logged an average occupancy rate of 82.3 percent in the first two months this year, up 1.6 percent from a year earlier, according to official statistics. The number of guests rose 14.4 percent year-on-year to 1.42 million between January and February. Hotel guests accounted for 30.9 percent of all visitor arrivals in […]
Nearly 1/4 of Macau’s population speaks English

Nearly 1/4 of Macau’s population speaks English

Nearly a quarter of Macau’s population uses English as their first or second language, according to the preliminary results of the 2011 Census released by the Statistics and Census Bureau (DSEC). According to the findings, 2.3 percent of the population aged at least three years uses English as their first language, up from just 0.7 […]
Macau government to hand out cash ahead of Labour Day

Macau government to hand out cash ahead of Labour Day

The government will start paying residents its annual “wealth-share” handout before May Day, Executive Council (ExCo) spokesman Leong Heng Teng announced Thursday. Residents who are regular recipients of government subsidies and grants will have their handout credited to their bank account on April 24, the sixth time since 2008, while the majority of the population […]
“Guangdong Macau Week” kicks off in Guangzhou

“Guangdong Macau Week” kicks off in Guangzhou

Macau Chief Executive Chui Sai On and Governor of Guangdong province Zhu Xiaodan officiated at the opening ceremony of the “Guangdong Macau Week” held in Guangzhou,Thursday. Jointly hosted by the Macau Special Administrative Region Government and the People’s Government of Guangdong Province and co-organized by the Macau Government Tourist Office and Tourism Administration of Guangdong […]
Government vows to launch ‘individual travel’ scheme for yachts

Government vows to launch ‘individual travel’ scheme for yachts

The Maritime Administration (CP) said in a statement Monday that it plans to start an “individual travel” scheme for yachts from Guangdong, Macau and Hong Kong to travel among the three places easily. Maritime Administration Director Susana Wong Soi Man said in the statement that her office would study the related regulations for the matter […]
Macau Government vows to submit political reform bills to legislature early May

Macau Government vows to submit political reform bills to legislature early May

The government will try its best to finish the work related to the drafting of the city’s two political development bills and then submit them to the Legislative Assembly (AL) in early May, Secretary for Administration and Justice Florinda Chan LaiMan said Monday. According to The Macau Post Daily there are three options listed in […]
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