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Macau at risk of overcapacity said Morgan Stanley

Macau at risk of overcapacity said Morgan Stanley

Morgan Stanley warns of overcapacity in Macau as thousands of rooms and hundreds of gaming tables come online by 2017, according to a note from the brokerage. “This could result in either cannibalization or rise in competition – thus, margin erosion,” says the note. Morgan Stanley analysts say Macau will see over 6000 new rooms […]
Teaching material deal ‘lawfully granted’ in Macau

Teaching material deal ‘lawfully granted’ in Macau

Chief Executive Fernando Chui Sai On confirmed that the government has granted a 5.9 million pataca service contract to the Macau Association for Promotion of Science and Technology, which is headed by his cousin Jose Chui Sai Peng, for compiling general knowledge teaching materials for local primary schools, “according to the law and established procedures”. […]
Govt announces rise in vehicle insurance premiums

Govt announces rise in vehicle insurance premiums

Macau, china, 12 Apr-The government’s top advisory body announced Manday the revision of a by-law on mandatory third party liability insurance for road vehicles, entailing increases in insurance premiums and minimum coverage. Executive Council spokesman Leong Heng Teng made the announcement in a press conference at Government House. The changes will affect cars, motorcycles, scooters, […]
Hainan wants more co-operation with Macau

Hainan wants more co-operation with Macau

Hainan and Macau have many different and complementary strengths, Liu Cigui, governor of the nation’s southernmost province, said on Monday, adding that the two sides should step up their co-operation in various spheres such as tourism. “We attach great importance to Macau and are grateful for Macau businesspeople’s long-term contribution to Hainan. Currently there are […]
Macau TUI rejects Ho Chio Meng’s appeal over detention

Macau TUI rejects Ho Chio Meng’s appeal over detention

The Court of Final Appeal has rejected Ho Chio Meng’s appeal against the decision to be put him under pre-trial detention. The decision was made on Friday and publicized on Monday. Judge Viriato Lima says there’s no appeal to be considered because the Court of Final Appeal (TUI) is obviously the last instance. The judge […]
Lawmaker calls for direct election to municipal organs in Macau

Lawmaker calls for direct election to municipal organs in Macau

Grassroots lawmaker Antonio Ng Kuok Cheong said on Sunday that all members of the city’s future non-political municipal organs should be elected directly by popular vote, adding that only directly-elected members would “automatically” reflect the public’s concerns and opinions. Ng, a founding member of the grassroots New Macau Association (NMA), made the appeal during a […]
Macau government to launch election law consultation by late April

Macau government to launch election law consultation by late April

The government will launch a public consultation on an amendment bill to the Legislative Assembly Election Law by the end of the month as planned, Secretary for Administration and Justice Sonia Chan Hoi Fan said on Sunday. The policy secretary made the remarks on the sidelines of a bazaar jointly hosted by the Macau Basic […]
Contractors say deadline for Hong Kong-Zhuhai-Macau bridge is unconvincing

Contractors say deadline for Hong Kong-Zhuhai-Macau bridge is unconvincing

The December 2017 deadline set by the Hong Kong government for the completion of their portion of the Hong Kong –Zhuhai-Macau Bridge looks increasingly unrealistic, according to a report from Hong Kong Free Press (HKFP). The report points out that the project, which includes an artificial island where the Hong Kong Boundary Crossing Facilities (HKBCF) […]
Inadequate number of legal translators in Macau creates bottlenecks

Inadequate number of legal translators in Macau creates bottlenecks

Legal Affairs Bureau (DSAJ) Director Liu Dexue said on Thursday that the inadequate number of legal translators had created a bottleneck in the efficient drafting of bills and regulations. He also said that it could take two or three years for the bureau to recruit enough legal translators proficient in Portuguese and Chinese to overcome […]
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