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Yuan devalution could negatively impact mass gaming market in Macau

Yuan devalution could negatively impact mass gaming market in Macau

Macau’s mass gaming market could be negatively impacted by China’s devaluation of the yuan, according to Union Gaming Research analyst Grant Govertsen. “Based on the current two-percent decline in value of the renminbi, we would expect the mass market story to be negatively impacted by up to two percent over the coming weeks or months,” […]
Chief Executive of Macau stays ‘cautiously optimistic’ about gaming industry

Chief Executive of Macau stays ‘cautiously optimistic’ about gaming industry

Chief Executive said on Wednesday that he remained “cautiously optimistic” about the future of Macau’s gaming industry. A Q&A plenary session was held in the legislative hemicycle on Wednesday, where the Chief Executive answered questions from 32 lawmakers about various issues affecting the city, ranging from labour laws and regulations, the city’s waste management, to […]
Chief Executive of Macau: info on land swaps to go online

Chief Executive of Macau: info on land swaps to go online

Chief Executive Fernando Chui Sai On said on Wednesday that information about the government’s land swaps would be uploaded onto an official website Chui made the pledge during a Q&A plenary session in the Legislative Assembly (AL). “I have had a discussion with Secretary for Transport and Public Works Raimundo do Rosário. We can release […]
Macau new mortgage loans increase in June

Macau new mortgage loans increase in June

The latest statistics from the Monetary Authority of Macao indicate that new approvals of both residential mortgage loans (RMLs) and commercial real estate loans (CRELs) have increased in June. The total outstanding balance on the loans also witnessed an increase. June recorded MOP3.9 billion worth of new residential mortgage loans being approved by Macau banks, […]
Macau government to decide on scooter-only lane next year

Macau government to decide on scooter-only lane next year

The government will decide on whether to keep the scooter-only lane on Sai Van Bridge or to cancel it by early next year, Secretary for Transport and Public Works Raimundo do Rosário said on Tuesday. The policy secretary made the remark during a Q&A plenary session in the Legislative Assembly (AL). In 2012, the government […]
Macau government to introduce new food safety regulation by 2017

Macau government to introduce new food safety regulation by 2017

The government is planning to draft further regulations on food safety by 2017, according to the Civic and Municipal Affairs Bureau (IACM) president Alex Vong. “We have administrative regulations [ensuring food safety.] And by 2017, we will introduce more regulations on this matter,” he told lawmakers on Tuesday. Mr Vong also revealed that IACM is […]
Macau Government submits Iec Long land swap to graft busters

Macau Government submits Iec Long land swap to graft busters

A land swap case involving the site of the former Iec Long Firecracker Factory in Taipa has been submitted to the Commission against Corruption (CCAC), Secretary for Transport and Public Works, Raimundo do Rosário, said on Monday. Rosário talked to reporters on the sidelines of a Q&A plenary session in the Legislative Assembly (AL). “I […]
Macau’s population hits 642,900 which 180,523 are non-resident workers

Macau’s population hits 642,900 which 180,523 are non-resident workers

The local population climbed to 642,900 at the end of June, rising from 640,700 in March, according to the latest demographic figures from the Statistics and Census Service released on Monday. Females accounted for 50.6 percent of the region’s population, which equates to 325,400 in total. The number of newborn infants slipped 2.9 percent in […]
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