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SJM and Wynn Macau pledge to meet non-gaming revenue goal

SJM and Wynn Macau pledge to meet non-gaming revenue goal

SJM Managing Director Angela Leong On Kei and Wynn Macau Executive Director Linda Chen said that they believe that Macau’s six gaming operators’ revenue from non-gaming business will exceed nine per cent of their total income by 2020, 2.4 percentage points up from 2014.   The government laid down the goal for the city’s gaming operators […]
Macau government hopes its first 5-Year Plan will become ‘joint action agenda’

Macau government hopes its first 5-Year Plan will become ‘joint action agenda’

Think tank head Lao Pun Lap said he hoped the government’s first ever Five-Year Development Plan will become a “joint action agenda” for the government and the community at large, adding that the government would adopt “more open, transparent and interactive” ways to collect public opinion on the plan. Lao, who heads the government’s Policy Research […]
Island hospital delayed to after 2019

Island hospital delayed to after 2019

Macau’s first five-year draft plan says the Island Hospital will only be ready after 2019, at least three years behind schedule. Last December, Secretary for Social Affairs and Culture Alexis Tam went to the Legislative Assembly and pledged to have the city’s second public hospital ready by 2019. A few months later, the government has […]
European Union says Macau governance needs to be ‘modernised’

European Union says Macau governance needs to be ‘modernised’

The 28-nation European Union (EU) says in its annual Macau report that “the functioning of the government needs to be modernised and made more efficient.” The European Commission also says in its Annual Report 2015 that “the EU encourages the Macau authorities to consider ways to promote greater public involvement in the election of the […]
BNU recorded a MOP 510 million net income in 2015

BNU recorded a MOP 510 million net income in 2015

Banco National Ultramarino, S.A. (BNU) recorded a net income of MOP 510.3 million (USS63.88 million) in 2015, up 15.1 per cent from MOP 443.3 million in 2014, according to a press release issued on Tuesday by the bank. The financial results also indicate that in 2015 BNU registered a 21.6 per cent increase in credit […]
Shipyard pillar collapses heightening risks for villagers in Coloane, Macau

Shipyard pillar collapses heightening risks for villagers in Coloane, Macau

A main supporting pillar of an endangered shipyard in Coloane has collapsed on Monday morning. Authorities cordoned off the area and the Secretary for Social Affairs and Culture visited the site and listened to the residents’ complaints, stressing the government’s commitment to revitalize the area. However villagers demand immediate action and call for a sit-down […]
World wushu masters to gather in Macau

World wushu masters to gather in Macau

The government is inviting wushu masters from all over the world to join Macau’s four-day Wushu Grand Gathering in August, Secretary for Social Affairs and Culture Alexis Tam Chon Weng told reporters on Thursday. ‘Wushu’ is Putonghua for martial arts. The policy secretary made the remarks after chairing a plenary meeting of the government-appointed Cultural […]
Inflation growth slows in March

Inflation growth slows in March

Macau’s composite consumer price index (CPI), a main gauge of inflation, grew 3.31 per cent in March from a year earlier, according to official data from the Statistics and Census Service (DSEC) revealed on Thursday. This is a decrease of 0.57 per centage points from the 3.88 per cent year-on-year growth recorded in February. DSEC attributed […]
Macau government prepares to destroy 150 kilos of ivory

Macau government prepares to destroy 150 kilos of ivory

The government is preparing to destroy 150 kilos of confiscated ivory, Economic Services Bureau (DSE) Director Tai Kin Ip said on Wednesday. Tai made the remarks during a plenary session in the Legislative Assembly (AL). Asked by lawmaker-cum-unionist Jose Pereira Coutinho, Tai said his bureau had transferred 748 kg of confiscated ivory to the Finance […]
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