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Austerity measures possible, public finances stable

Austerity measures possible, public finances stable

Chief Executive Fernando Chui Sai On said on Tuesday that if, as predicted, this month’s gross gaming revenue drops to about 18 billion patacas the government would implement certain austerity measures, a possible move announced by Secretary for Economy and Finance Lionel Leong Vai Tac earlier this month. Chui, who made the remarks on the […]
Macau remains a source territory for human trafficking

Macau remains a source territory for human trafficking

Macau remains “a source territory for sex trafficking and forced labour” despite government efforts to fight human trafficking, according to the latest annual report from the U.S. State Department. The report rates 188 countries on their efforts to fight modern-day slavery. The report claims Macau prosecutors have been charging human traffickers with lighter crimes that […]
Macau blue card holders rise 16 pct to 180,523 in June

Macau blue card holders rise 16 pct to 180,523 in June

The number of non-resident workers, commonly known as blue card holders, rose 16.2 percent year-on-year to 180,523 at the end of June, the Human Resources Office (GRH) announced on Monday. The number increased by 1,107 between May and last month. Mainlanders accounted for 65 percent of all imported labour. Other major segments were hired from […]
Macau to maintain judicial autonomy

Macau to maintain judicial autonomy

Court of Final Appeal (TUI) President Sam Hou Fai said on Monday that the local government would maintain the judiciary’s autonomy as it has done since the city’s change in administration in 1999. Sam made the remark while addressing the opening ceremony of a closed-door forum with mainland, Taiwan, Hong Kong and local judiciary officials, […]
Leong doesn’t expect July’s casino revenue to top 18 billion patacas

Leong doesn’t expect July’s casino revenue to top 18 billion patacas

Secretary for Economy and Finance Lionel Leong Vai Tac said on Saturday that while the statistics for July’s gross gaming revenue are not available yet, he estimated that the figure will not exceed 18.355 billion patacas ( US$ 2.294 billion), the so-called “red line” set by the government for austerity measures to be put in […]
Macau Exco gives green light to IACM’s reshuffle

Macau Exco gives green light to IACM’s reshuffle

The Executive Council (ExCo) has concluded discussions on the ongoing restructuring and reshuffling of Macau’s Civic and Municipal Affairs Bureau (IACM), and its new functions. Under the reshuffle, some of IACM’s duties and functions will be reassigned to the Cultural Affairs Bureau (IC) and the Sports Development Board (ID). Two hundred IACM employees will then […]
Full smoking ban could lead to 25 pct casino revenue loss: Macau MGM chief

Full smoking ban could lead to 25 pct casino revenue loss: Macau MGM chief

A 15 to 25 percent loss in gaming revenue was possible if a blanket smoking ban would be imposed on casinos, as had been the case in other gaming jurisdictions, MGM Chief Executive Officer and Executive Director Grant Bowie said Thursday. Bowie made the gloomy prediction after attending a graduation ceremony of the gaming operator’s […]
ANIMA pledges to find greyhounds new homes if racetrack is closed

ANIMA pledges to find greyhounds new homes if racetrack is closed

Macau Society for the Protection of Animals (ANIMA) President Albano Martins said Thursday that once the Yat Yuen Canidrome is closed, his group had a plan to work with its international counterparts to find the about 700 greyhounds new homes. ANIMA held an International Roundtable on Greyhounds  at the Grand Coloane hotel, with representatives of […]
Closer trade ties expected between Guangdong FTZ, HK and Macau

Closer trade ties expected between Guangdong FTZ, HK and Macau

Efforts are well underway to create even closer economic ties between China (Guangdong) Pilot Free Trade Zone, and Hong Kong and Macau. “Cooperation with Hong Kong and Macau has always been what distinguishes Guangdong free trade zone from China’s three other free trade zones,” said He Li, deputy director of the Guangdong sub-administration of China […]
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