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Government prepares Macau’s Social Security Fund expansion

Government prepares Macau’s Social Security Fund expansion

The government will expand the organisational structure of the Social Security Fund (FSS) as the Law on the Non-Mandatory Central Provident Fund System will come into force on January 1, Executive Council spokesman Leong Heng Teng announced on Thursday.
KYC improves information exchange with mainland

KYC improves information exchange with mainland

Financial Intelligence Office Director Ng Man Seong said that the Know Your Customer (KYC) security feature installed in the city’s ATMs will enhance the government’s ability to exchange information on money laundering and suspicious transactions with the mainland authorities.
Civic leader calls for restart of Macau-Wanzai ferry

Civic leader calls for restart of Macau-Wanzai ferry

Central Districts Community Service Consultative Council member Tou Mio Leng urged the local government to discuss with its Zhuhai counterpart the resumption of a passenger ferry service between the peninsula’s Inner Harbour and Wanzai in Zhuhai.
Gross gaming receipts in June rose 25.9 percent

Gross gaming receipts in June rose 25.9 percent

Gross gaming receipts in June rose to 19.99 billion patacas, 25.9 percent year on year.That compares with the median prediction for a 30 percent increase in a Bloomberg survey of 11 analysts and follows a 24 percent jump in May.
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