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Macau donates nearly 800,000 patacas to Yunnan quake victims

Macau donates nearly 800,000 patacas to Yunnan quake victims

The Macau Red Cross and two local associations Monday donated nearly 800,000 patacas for the victims of Sunday’s earthquake in Zhaotong prefecture in the north-east of Yunnan province. Meanwhile, the office of Chief Executive Fernando Chui Sai On said in a statement  that Chui expressed his condolences to the victims’ families on behalf of the […]
Watch imports leap 65 pct in 1st half

Watch imports leap 65 pct in 1st half

Macau’s watch imports jumped 65 percent year-on-year to 4.28 billion patacas, the Statistics and Census Bureau (DSEC) announced Thursday. Watch imports accounted for nearly 10 percent of the total value of imports. Gold jewellery imports rose 35 percent to 5.2 billion patacas. Gold jewellery accounted for nearly 12 percent of all imports between January and […]
Real-estate deals, prices drop in June

Real-estate deals, prices drop in June

The number of real-estate deals and property prices dropped in June, according to stamp duty statistics released by the Finance Service Bureau (DSF) yesterday. A total of 609 units were sold in June, a 17.8 percent drop from the 741 units sold in the previous month. Some 77.5 percent of all units sold in June […]
Light Rail only ‘fully ready’ in 2020

Light Rail only ‘fully ready’ in 2020

Macau’s long-delayed Light Rail Transit (LRT) system will only be fully ready in 2022, Transportation Infrastructure Office (GIT) Deputy Director Andre Ritchie told the Portuguese news agency Lusa in an interview published Wednesday. Ritchie told the Lisbon-based wire service that the nine-kilometre-long LRT segment in Taipa was slated to be completed by the end of […]
Court finds ex-IACM chief innocent in burial plot case

Court finds ex-IACM chief innocent in burial plot case

Former Civic and Municipal Affairs Bureau (IACM) president Raymond Tam Vai Man and three of his staff have been acquitted of misfeasance charges in the city’s infamous burial plot case, the Court of First Instance (TJB) ruled Tuesday. Lawyer Paulina Santos filed a high-profile complaint with the Public Prosecution Office (MP) in 2010, alleging that […]
NPC chief says ‘referendum’ breaches Basic Law

NPC chief says ‘referendum’ breaches Basic Law

National People’s Congress (NPC) Standing Committee Chairman Zhang Dejiang told a delegation of the Macau Chamber of Commerce (ACM) in Beijing Tuesday that the holding of a so-called “civic referendum” in Macau would violate the Macau Basic Law. ACM President Ma Iao Lai revealed Zhang’s position on the controversy when talking to reporters after a […]
Macau, mainland to ink anti-money laundering deal

Macau, mainland to ink anti-money laundering deal

Macau Monetary Authority (AMCM) President Anselmo Teng Lin Seng said Monday that the People’s Bank of China (PBOC) and the AMCM had agreed to sign a co-operation agreement to fight money laundering. Teng said the deal would further strengthen co-operation between the two sides to fight money laundering. Teng made the remarks to reporters after […]
Monthly casino wages average 16,000 patacas: survey

Monthly casino wages average 16,000 patacas: survey

Median monthly employment earnings in the gaming industry amounted to 16,000 patacas in the April-June employment survey released by the Statistics and Census Bureau (DSEC) Monday. The number of gaming industry workers rose by 5,500 in the first quarter to 80,100 in the second quarter, accounting for 20.9 percent of the city’s total employment. In […]
IMF warns of ‘threat of housing bubble’ in Macau

IMF warns of ‘threat of housing bubble’ in Macau

The International Monetary Fund (IMF) in Washington says there is evidence of a “threat of a housing bubble” in Macau and “overvaluation” in the local property market, according to a statement by the Macau Monetary Authority (AMCM) citing an IMF report Macau’s financial sector regulator issued the statement on Friday. The IMF report said that Macau […]
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