News

European Union says Macau governance needs to be ‘modernised’

The 28-nation European Union (EU) says in its annual Macau report that “the functioning of the government needs to be modernised and made more efficient.” The European Commission also says in its Annual Report 2015 that “the EU encourages the Macau authorities to consider ways to promote greater public involvement in the election of the … Continue reading "European Union says Macau governance needs to be ‘modernised’"

27 Apr, 2016

BNU recorded a MOP 510 million net income in 2015

Banco National Ultramarino, S.A. (BNU) recorded a net income of MOP 510.3 million (USS63.88 million) in 2015, up 15.1 per cent from MOP 443.3 million in 2014, according to a press release issued on Tuesday by the bank. The financial results also indicate that in 2015 BNU registered a 21.6 per cent increase in credit … Continue reading "BNU recorded a MOP 510 million net income in 2015"

27 Apr, 2016

Shipyard pillar collapses heightening risks for villagers in Coloane, Macau

A main supporting pillar of an endangered shipyard in Coloane has collapsed on Monday morning. Authorities cordoned off the area and the Secretary for Social Affairs and Culture visited the site and listened to the residents’ complaints, stressing the government’s commitment to revitalize the area. However villagers demand immediate action and call for a sit-down … Continue reading "Shipyard pillar collapses heightening risks for villagers in Coloane, Macau"

26 Apr, 2016

Overnight visitors in Macau rise 14 per cent in March

Macau’s visitor arrivals rose by 4.2 per cent year-on-year to 2.36 million, the Statistics and Census Bureau (DSEC) has announced. While overnight visitors increased by 14.1 per cent to 1.17 million, same-day visitors dropped by 3.9 per cent to 1.19 million. Overnight visitors accounted for 49.6 per cent of all visitor arrivals last month. Most … Continue reading "Overnight visitors in Macau rise 14 per cent in March"

25 Apr, 2016

World wushu masters to gather in Macau

The government is inviting wushu masters from all over the world to join Macau’s four-day Wushu Grand Gathering in August, Secretary for Social Affairs and Culture Alexis Tam Chon Weng told reporters on Thursday. ‘Wushu’ is Putonghua for martial arts. The policy secretary made the remarks after chairing a plenary meeting of the government-appointed Cultural … Continue reading "World wushu masters to gather in Macau"

22 Apr, 2016

International Museum Day to be celebrated for one month

Marking International Museum Day, the city’s 18 public and private museums, archives and exhibition halls will co-organise a string of activities and events next month. International Museum Day is on May 18. Officials of the Cultural Affairs Bureau (IC) and representatives from the 18 entities including Lei Lai Kio, who heads the bureau’s department of … Continue reading "International Museum Day to be celebrated for one month"

22 Apr, 2016

Inflation growth slows in March

Macau’s composite consumer price index (CPI), a main gauge of inflation, grew 3.31 per cent in March from a year earlier, according to official data from the Statistics and Census Service (DSEC) revealed on Thursday. This is a decrease of 0.57 per centage points from the 3.88 per cent year-on-year growth recorded in February. DSEC attributed … Continue reading "Inflation growth slows in March"

22 Apr, 2016

Macau government prepares to destroy 150 kilos of ivory

The government is preparing to destroy 150 kilos of confiscated ivory, Economic Services Bureau (DSE) Director Tai Kin Ip said on Wednesday. Tai made the remarks during a plenary session in the Legislative Assembly (AL). Asked by lawmaker-cum-unionist Jose Pereira Coutinho, Tai said his bureau had transferred 748 kg of confiscated ivory to the Finance … Continue reading "Macau government prepares to destroy 150 kilos of ivory"

21 Apr, 2016

Macau’s cars are one-step closer to be allowed into Hengqin

Hengqin authorities say they have basically completed drafting the management plans and details for Macau vehicles to access the neighbouring Hengqin island. However, a timetable for implementation of the measure is yet to be set by the Macau and Guangdong authorities. Niu Jing, director of the Hengqin New Area’s Administrative Committee said: “Plans and details … Continue reading "Macau’s cars are one-step closer to be allowed into Hengqin"

21 Apr, 2016

Macau based association claims operators violate their holiday entitlement rights

Macau Gaming Enterprises Staff Association Director Kelvin Choi Kam Fu urged the government on Wednesday to mandate employees’ holiday entitlement in its next revision of the Labour Relations Law. Choi made the plea during a press conference at the Macau Federation of Trade Unions’ headquarters. Choi said many gaming employees had told his group that their … Continue reading "Macau based association claims operators violate their holiday entitlement rights"

21 Apr, 2016

Macau government plans to set up info platform on policies

Public Administration and Civil Service Bureau (SAFP) Director Kou Peng Kuan says in a reply to a written interpellation by directly elected legislator Si Ka Lon that the government plans to set up an information platform from which the public can receive answers to their questions about the government’s policies. Si, a local Fujianese community … Continue reading "Macau government plans to set up info platform on policies"

20 Apr, 2016

Venetian Macao hosts China Music Awards

The 20th Channel [V] China Music Awards and Asian Influential Power Grand Ceremony returned to The Venetian Macao on Friday for the fifth consecutive year, holding the award ceremony at its Cotai Arena. A press release issued by Sands China described how The Venetian’s main lobby was the location for hundreds of fans as they … Continue reading "Venetian Macao hosts China Music Awards"

19 Apr, 2016

Pearl Horizon homebuyers launch new protest in the streets of Macau

About 2,000 Pearl Horizon homeowners staged a street protest on Sunday, hoping to meet with the Chief Executive to find a way out for the suspended Areia Preta residential project. An owners association says a short-term assistance program introduced by the developer is no solution. Some 2,000 Pearl Horizon homeowners took to the streets to … Continue reading "Pearl Horizon homebuyers launch new protest in the streets of Macau"

18 Apr, 2016

Macau and Guangdong explore cross-border ecommerce platform

In recent years, China’s e-commerce and online payment markets are getting mature and popular. Smartphone payments tools like Alipay and Wechat are now inseparable from public life. Yet, these markets are still at the beginning stage in Macau. An e-commerce expert from Guangdong suggested the two places to build together an online payment platform, or … Continue reading "Macau and Guangdong explore cross-border ecommerce platform"

17 Apr, 2016

Wynn hopes business will pick up by year-end

Wynn Resorts Macau Executive Director Linda Chen told reporters yesterday she expects gaming industry revenue to stabilise this year and hopes that there will be a slight rebound by the end of the year. Chen made the comments at Wynn Macau where she attended the opening of a business matching session with local small- and … Continue reading "Wynn hopes business will pick up by year-end"

15 Apr, 2016

Cultural Heritage Council meeting to be open “when possible” says Ung Vai Meng

Cultural Affairs Bureau (IC) President, Ung Vai Meng, said the government will open certain meeting of the government-appointed Cultural Heritage Council to the public “whenever possible”. Ung made remarks after signing ceremony for an implementation plan for cultural exchanges and co-operation between Macauand the mainland in 2016-18, at the UNESCO World Heritage-listed Mandarin House. Some … Continue reading "Cultural Heritage Council meeting to be open “when possible” says Ung Vai Meng"

14 Apr, 2016

IMF says Macau economy to contract 7.2 per cent in 2016

The International Monetary Fund (IMF) forecast Macau SAR’s economy to contract 7.2% for 2016 and to resume a positive growth of 0.7% for 2017 informed the Monetary Authority of Macau on Wednesday. The international organisation indicated that Macau SAR’s inflation to linger around 3.0% and its unemployment rate to stay at a low level of … Continue reading "IMF says Macau economy to contract 7.2 per cent in 2016"

14 Apr, 2016

Business-government collusion is ‘rather serious’ says CCAC

The Commission Against Corruption (CCAC) is concerned about “rather serious” collusion between business people and government officials, according to an annual report released by the graft buster on Wednesday. The report also singles out the shocking case of two Public Security Police (PSP) officers suspected of fabricating evidence. The commission says in the report its … Continue reading "Business-government collusion is ‘rather serious’ says CCAC"

14 Apr, 2016

Shrek the Musical to stage in Macau this summer

Shrek, the ogre, and his friends will take the stage in Macau this summer, as part of an international tour. Named ‘Shrek the Musical,’ this Broadway production is based on the Oscar-winning DreamWorks Animation film and the book by William Steig. Debuting on Broadway in 2008, the musical portrays a faraway kingdom where things get … Continue reading "Shrek the Musical to stage in Macau this summer"

13 Apr, 2016

Macau at risk of overcapacity said Morgan Stanley

Morgan Stanley warns of overcapacity in Macau as thousands of rooms and hundreds of gaming tables come online by 2017, according to a note from the brokerage. “This could result in either cannibalization or rise in competition – thus, margin erosion,” says the note. Morgan Stanley analysts say Macau will see over 6000 new rooms … Continue reading "Macau at risk of overcapacity said Morgan Stanley"

13 Apr, 2016