The austerity measures announced by the government on Monday will not be cancelled even if the city’s gross gaming revenues rebound to over 20 billion patacas this month, Chief Executive Fernando Chui Sai On said on Wednesday. Chui spoke to reporters at the local airport before departing for Beijing to attend Thursday’s V-Day parade. On […]
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The austerity measures announced by the government on Monday will not be cancelled even if the city’s gross gaming revenues rebound to over 20 billion patacas this month, Chief Executive Fernando Chui Sai On said on Wednesday. Chui spoke to reporters at the local airport before departing for Beijing to attend Thursday’s V-Day parade. On […]
Local youths should learn from history and cherish peace, Acting Chief Executive Wong Sio Chak said on Thursday, adding that Macau people’s contributions to their nation’s war of resistance against Japanese aggression were enormous. Even though Portugal, which ruled Macau at that time, remained neutral during World War II, many local residents actively supported their […]
Macau’s casino malaise deepened in August, with gaming revenue falling a 15th straight month as the recent opening of new gambling resorts failed to rouse a return of mainland Chinese visitors over the popular school holiday season. Gross gaming revenue fell 35.5 percent to 18.6 billion patacas (USD2.3 billion), widening from July’s 34.5 percent drop, […]
Responding to Tuesday’s 15th straight monthly plunge in casino revenue, the government announced – as widely expected – austerity measures to control public expenditure. The move came after the city’s gross gaming revenue in the first eight months of this year fell below the government’s previously announced “red line” of a monthly average of 20 […]
Responding to Tuesday’s 15th straight monthly plunge in casino revenue, the government announced – as widely expected – austerity measures to control public expenditure. The move came after the city’s gross gaming revenue in the first eight months of this year fell below the government’s previously announced “red line” of a monthly average of 20 […]
Fernando Chui Sai On acknowledged on Tuesday that the government is facing the dilemma of promoting the city’s development and protecting its heritage sites at the same time, but pledged that if “most residents” agreed to protect any building or sites which they thought were worthy of preservation the government would do its best to […]
Fernando Chui Sai On acknowledged on Tuesday that the government is facing the dilemma of promoting the city’s development and protecting its heritage sites at the same time, but pledged that if “most residents” agreed to protect any building or sites which they thought were worthy of preservation the government would do its best to […]
Macau’s gross domestic product (GDP) dipped to its lowest since 2011 as high-stakes gamblers avoided the world’s largest casino market amid the mainland’s widening crackdown on graft and an economic slowdown. GDP tumbled 26.4 percent year-on-year in real terms in the second quarter, the Statistics and Census Bureau (DSEC) said in a statement. The drop […]