In recent years, China’s e-commerce and online payment markets are getting mature and popular. Smartphone payments tools like Alipay and Wechat are now inseparable from public life. Yet, these markets are still at the beginning stage in Macau. An e-commerce expert from Guangdong suggested the two places to build together an online payment platform, or […]
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Wynn Resorts Macau Executive Director Linda Chen told reporters yesterday she expects gaming industry revenue to stabilise this year and hopes that there will be a slight rebound by the end of the year. Chen made the comments at Wynn Macau where she attended the opening of a business matching session with local small- and […]
The International Monetary Fund (IMF) forecast Macau SAR’s economy to contract 7.2% for 2016 and to resume a positive growth of 0.7% for 2017 informed the Monetary Authority of Macau on Wednesday. The international organisation indicated that Macau SAR’s inflation to linger around 3.0% and its unemployment rate to stay at a low level of […]
The Commission Against Corruption (CCAC) is concerned about “rather serious” collusion between business people and government officials, according to an annual report released by the graft buster on Wednesday. The report also singles out the shocking case of two Public Security Police (PSP) officers suspected of fabricating evidence. The commission says in the report its […]
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 […]
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”. […]
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 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 […]
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 […]