News

The corruption trial of Hong Kong tycoons Joseph Lau Luen-hung and Steven Lo Kit-sing, which is due to start on Monday in Macau, may be adjourned over pre-trial hitches and an “impossible” court schedule, accordant to todays South China Morning Post. The two businessmen were charged for allegedly offering a HK$20 million bribe to Macau’s […]

The Judiciary Police (PJ) announced Wednesday the arrest of two local businessmen believed to be members of a loan-fraud gang suspected of ripping off up to 10 banks in Hong Kong between 2006 and early this year, involving at least HK$70 million. According to The Macau Post Daily, a PJ spokesperson  said that the duo […]

Chief Executive Fernando Chui Sai On told reporters Sunday that he has already ordered Secretary for Transport and Public Works Lau Si Io to come up with a new budget for the construction of the first phase of the Light Rail Transit (LRT) system “as soon as possible”, in time for the presentation of the […]

A follow-up auditing report and an investigation by the Commission Against Corruption Commission (CCAC) released  Thursday both slammed the government’s Transportation Infrastructure Office (GIT) for its handling of the city’s Light Rail Transit (LRT) project. The report by the Commission of Audit (CA) is a so-called audit trail, following its first audit report of the […]

The Government Spokespersons Office (GPV) said in a statement Wednesday that the local government received a “declaration of dissent” from La Scala developer Moon Ocean on Tuesday and would, based on a local court ruling, go ahead with its previous decision to axe the graft-tainted land deal. The statement cited by The Macau Post Daily […]

The government announced Monday that it has decided to set up an office handling protocol, public relations and external affairs. The Protocol, Public Relations and External Affairs Office will formally be established on Saturday. According a statement from the government’s spokesperson’s office, the office will be part of the chief executive’s portolio and initially be […]

The Macau government yesterday gave HK$10.2 million to a visiting 70-member delegation that includes the nation’s 47 London Olympics gold medallists. A spokesperson for the Macau government told The Macau Post Daily the amount was an “award” to be shared among the gold medallists. The spokesperson did not say how the money would be shared […]

Legislative Assembly First Standing Committee President Kwan Tsui Hang said yesterday that most of the lawmakers in her committee agreed with the government’s stance that it would not legally fix property agents’ commission rates in its bill regulating the city’s real-estate agencies and agents. Kwan made the remarks to the media after her committee had […]

An offshore renminbi centre should be set up in Hengqin to attract investment in the newly opened-up development region through a multi-currency clearing and settlement platform for China and Portuguese-speaking countries as well as cross-border trade, Macau Electronic Financial Industry Trade Promotion Association (APCIFE) Deputy President Cheong Fong Ioi said yesterday. According to The Macau […]