Business

09 Aug 2018

Govt says won’t obey top court’s LRT depot tender ruling

The government said Wednesday it will not obey a ruling by the city’s top court according to which it would need to reassess the rival quotations submitted by seven bidders in a public tender for the construction of the depot of the Light Rail Transit (LRT) system.

08 Aug 2018

Credit cards rise 10 pct to 1.2 million in June  

The number of personal credit cards issued by local banks rose 10.4 percent year on year and 2.2 percent quarter on quarter to 1.24 million at the end of June, the Macau Monetary Authority (AMCM) said.

07 Aug 2018

No timetable for Land Law changes: Chan

Secretary for Administration and Justice Sonia Chan Hoi Fan said Monday the government was studying the various issues possibly resulting from the implementation of the current Land Law that took effect several years ago.

06 Aug 2018

Macau Government plans to explore and promote the development of maritime industries

The Macau government intends to explore new hubs to sustain economic growth and promote the development of emerging maritime industries, which will give the territory and the “One Centre, One Platform,” concept a new dynamic, said the Chief Executive.

03 Aug 2018

Macao int’l airport passenger traffic reaches new record in July

Macao int’l airport passenger traffic reaches new record in JulyMacao International Airport (MIA) experienced its busiest month ever in this summer, as over 740,000 passenger movements were recorded in July 2018, MIA said on Thursday in its air traffic report.

03 Aug 2018

MGM China H1 revenue up 30 percent

MGM China Holdings Limited said its H1 revenue rose 30 percent, helped by the February opening of its new Cotai resort.

03 Aug 2018

Wynn Macau to present development proposal for Cotai land parcel in 4Q18

Wynn Resorts CEO Matt Maddox says the company’s Macau subsidiary, Wynn Macau Limited, will present plans for its empty seven-acre parcel of land located alongside Wynn Palace in Cotai to the Macau government before the end of 2018.

02 Aug 2018

THE 13 Hotel expects to open this month

THE 13 Hotel, which reportedly cost US$1.6 billion to build, in Seac Pai Van in Coloane is expected to open on or before August 31, South Shore Holdings Limited said in a statement Wednesday.

01 Aug 2018

Macau gaming revenue rises 10 percent in July

Macau casinos’ gross gaming revenue increased by 10 percent year-on-year for July.