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CTM’s profit reaches 941 million patacas, 5G launch set for mid-next year

CTM’s profit reaches 941 million patacas, 5G launch set for mid-next year

Local telecom operator CTM has made a profit of 941 million patacas in 2018, the company’s CEO Vandy Poon Fuk Hei said Wednesday, pointing out that this year marks an important time for 5G development as Macau’s leading telecom operator prepares to put the superfast connection into service in the middle of next year.
Govt grants 200 more radio taxis to current operator

Govt grants 200 more radio taxis to current operator

The government has granted Macau Radio Taxi Services Limited – the city’s current and only radio taxi company – a licence to operate another 200 special radio taxis, with the first 100 additional taxis slated to come into service in the fourth quarter of this year.
Inflation rate hits 2.79 pct last month

Inflation rate hits 2.79 pct last month

Macau’s composite consumer price index (CPI) rose by 2.79 percent year-on-year last month, down 0.25 percentage points from the 3.04 percent growth in January, the Statistics and Census Bureau (DSEC) said.
Liaison chief urges Macau to grab ‘historic GBA opportunity’

Liaison chief urges Macau to grab ‘historic GBA opportunity’

Central People’s Government Liaison Office in Macau Director Fu Ziying said Tuesday that the central government attaches “unprecedentedly” high importance to the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) development, adding that the GBA is bringing “unprecedented historic opportunities” to Macau’s future development.
Govt extends SJM & MGM deals to June 2022

Govt extends SJM & MGM deals to June 2022

The Macau government has extended the gaming concession and sub-concession of SJM and MGM respectively by two years and three months until June 26, 2022, bringing them on par with the city’s two other gaming concessions and two sub-concessions.
Police bust HK$2.5 million chip fraud gang

Police bust HK$2.5 million chip fraud gang

The Judiciary Police (PJ) have busted a criminal gang allegedly involved in at least 20 fraud cases worth more than HK$2.5 million at a casino in Zape that had been operating since January, PJ spokesman Ho Chan Nam said at a special press conference on Friday.
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