The Macau government Tuesday rejected the European Union’s “unilateral and biased” decision to include Macau in a blacklist of 17 tax havens.
Business
Macau Civil Aviation Authority (AACM) President Simon Chan Weng Hong said Monday that adjustments were needed for the local airport expansion project after central government officials reviewed it.
Macau’s casino revenue in November grew at the fastest pace in four months, according to data released by the Gaming Inspection and Coordination Bureau (DICJ) on Friday.
Secretary for Transport and Public Works Raimundo do Rosário said he was confident that the Taipa section of the Light Rail Transit (LRT) project will not run further over budget – i.e. the total cost of the project will not exceed 11 billion patacas (US$1.375 billion).
The Macau balance of trade posted a year-on-year increase of 1.512 billion patacas between January and October to 51.131 billion patacas (US$6.391 billion), the region’s Statistics and Census Bureau said.
The Health Bureau (SSM) has suspended the medical services and sealed the premises of the Taivexmalo Day Hospital at the Venetian in Cotai for a string of illegalities, according to a SSM statement on Friday.
Secretary for Economy and Finance Lionel Leong Vai Tac said in the legislature’s hemicycle Thursday that if the government revealed “prematurely” the details of its upcoming gaming concession bidding process in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions, it would “adversely impact” the “healthy” development of Macau’s gaming industry in the future.
Macau’s gross domestic product (GDP) grew by 6.1 percent year on year in real terms in the third quarter, a marked slowdown compared to economic growth of 11.3 percent in the first quarter and 10.8 percent in the second quarter, the Statistics and Census Bureau (DSEC) said Thursday.
The company “will have sufficient working capital to finance its operations and to meet its financial obligations for at least the next 12 months from the date of the approval of these condensed consolidated financial statements”.