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Centaline says low property prices in Macau is attracting overseas capital

Centaline says low property prices in Macau is attracting overseas capital

Property prices and the number of transactions have gone up slightly in the second quarter of this year because Macau’s low prices are attracting overseas buyers to invest in the market, Centaline Macau & Hengqin Property Agency Director Jacky Shek Pou Tak said on Wednesday. The Hong Kong real estate agency’s local office held a […]
MGM lifts Macau stake in US$325 million deal with Pansy Ho

MGM lifts Macau stake in US$325 million deal with Pansy Ho

MGM Resorts International has acquired more shares in its Macau unit in a deal valued at about US$325 million with Pansy Ho Chiu King, who will add to her stake in the Las Vegas-based parent company. According to a statement by MGM China Holdings to the Hong Kong Stock Exchange on Tuesday, MGM Resorts International […]
Macau Chief Executive describes Alexis Tam as ‘good colleague’

Macau Chief Executive describes Alexis Tam as ‘good colleague’

Chief Executive Fernando Chui Sai On said on Monday that Secretary for Social Affairs and Culture Alexis Tam Chon Weng was a hard-working official, praising him as a “good colleague”. Chui spoke to reporters at the airport before departing for a working visit to Beijing. When asked by a reporter how he evaluated the work […]
Wynn Macau to move 250 gaming tables from Nape to Cotai

Wynn Macau to move 250 gaming tables from Nape to Cotai

Wynn Macau announced on Monday that it has got permission from the Gaming Inspection and Co-ordination Bureau (DICJ) to transfer 250 gaming tables from its casino-hotel complex in Nape to Wynn Palace in Cotai. The US gaming company headed by Steve Wynn made the announcement in a statement to the Hong Kong Stock Exchange. According […]
Chan clarifies ‘foreign’ lawmakers rule for elections in Macau

Chan clarifies ‘foreign’ lawmakers rule for elections in Macau

Asked by reporters on Friday whether local residents who are – hypothetically – lawmakers in Taiwan or Hong Kong could also run in local elections, Secretary for Administration and Justice Sonia Chan Hoi Fan said, “Yes, they can” – due to the fact that both aren’t foreign jurisdictions but integral parts of China. Chan made […]
New Secretary-General of the Permanent Secretariat of Forum Macau takes office

New Secretary-General of the Permanent Secretariat of Forum Macau takes office

The new Secretary-General of the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macau) took office on Thursday. Xu Yingzhen served for several years as Commercial Counsellor of the Department of American and Oceanian Affairs of the Ministry of Commerce of China (equivalent to Director-General level). Xu replaced Chang […]
Taipa (Macau) Ferry Terminal operational in February the earliest

Taipa (Macau) Ferry Terminal operational in February the earliest

Maritime authorities say the region’s second ferry terminal will become operational between February and May next year after follow-up arrangements in the coming months. Meanwhile, officials say ferry services will remain preferential to travelers from the Pearl River Delta in the short run even after the erection of the Hong Kong-Zhuhai-Macau Bridge. The new Taipa […]
Macau’s population over 652,000 in first half-year

Macau’s population over 652,000 in first half-year

Macau’s population stood at 652,500 people at the end of the first half-year, up 0.5 percent or 3,400 people over the end-first-quarter figure, the Statistics and Census Service announced. The figures indicate that the female population of 332,600 accounted for 51 percent of the total. In year-on-year terms, the population counted 9,600 more people than […]
So says Grand Lisboa Palace to open in 2018 in Macau

So says Grand Lisboa Palace to open in 2018 in Macau

SJM Chairman Ambrose So Shu Fai said that the construction of Grand Lisboa Palace in Cotai was expected to be completed by the end of next year, ready for its official opening in 2018. So made the remarks while speaking to reporters on the sidelines of attending the gaming company’s annual scholarship awards event, which […]
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