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GDP rises 9.2 pct in Q1

GDP rises 9.2 pct in Q1

Macau gross domestic product (GDP) in the first quarter of this year grew by 9.2 percent year-on-year in real terms, 1.2 percentage points higher than the 8.0 percent rise in the previous quarter, the Statistics and Census Bureau (DSEC) said Tuesday.
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Chief Executive Chui Sai On called Monday for open-minded and innovative forms of cooperation between Macau and Beijing, particularly in terms of how to advance Macau’s participation in the central government’s Belt and Road Initiative (BRI) and in the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).
200 bus trips on delta bridge a day: govt

200 bus trips on delta bridge a day: govt

The Transport Bureau (DSAT) said Thursday it expects there will be more than 200 bus trips per day between the border checkpoints of the three jurisdictions for the Hong-Kong-Zhuhai-Macau (HKZM) Bridge – colloquially known as delta bridge – when it comes into operation.
Polytex vows to sue govt after Pearl Horizon ruling

Polytex vows to sue govt after Pearl Horizon ruling

Polytec Asset Holdings Limited said Thursday it was of the view that its Macau-registered affiliate Polytex Import and Export Company Ltd. “has strong legal grounds and arguments to seek compensation” from the Macau government “for losses and damages” concerning its mothballed Pearl Horizon property project.
Amax says hotel takeover by Suncity ‘untrue’  

Amax says hotel takeover by Suncity ‘untrue’  

Hong Kong-listed Amax International Holdings said in a statement to the Hong Kong Stock Exchange yesterday that reported claims by junket operator Suncity that it was now controlling the mothballed Beijing Imperial Palace Hotel in Taipa are “untrue”.
Govt proposes changes to arbitration rules

Govt proposes changes to arbitration rules

Executive Council spokesman Leong Heng Teng said Thursday that the government has drafted a bill regulating the city’s arbitration procedures, which aims to encourage residents to choose arbitration as an alternative means of dispute resolution.
Lawrence Ho eyes June 15 opening for Morpheus hotel

Lawrence Ho eyes June 15 opening for Morpheus hotel

The US$1.1 billion hotel Morpheus at the City of Dreams (COD) complex in Cotai is targeted to open on June 15 with a casino floor to tap the premium mass market as there won’t be junket operators to bring in high-rollers, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho Yau-lung said Tuesday.  
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