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Chow upbeat about Macau Fisherman’s Wharf immigration post

Chow upbeat about Macau Fisherman’s Wharf immigration post

The CEO of Macau Legend Development says the newly announced immigration checkpoint at the Fisherman’s Wharf will be a good platform to further promote the city’s individual travel scheme for yachts. David Chao also thinks this checkpoint can also help fight against illegal entrants and tax evasion. Chief Executive Chui Sai On has issued an […]
Macau telecom operator makes 1.1 billion patacas profit last year

Macau telecom operator makes 1.1 billion patacas profit last year

Local telecom operator CTM made 1.154 billion patacas in profit last year from its mobile, Internet and business solutions services, said the company’s CEO Vandy Poon Fuk Hei . Last year’s profit was up 3.8 percent from the 1.112 billion patacas profit in 2014. According to Poon, with the support of major shareholder CITIC Telecom […]
Macau lawmakers give green light to asset freeze bill

Macau lawmakers give green light to asset freeze bill

The Legislative Assembly gave an initial green light to Macau’s first-ever asset-freezing law, to stop financing of both terrorism and the development of weapons of mass destruction. And authorities say tougher anti-money laundering measures are also being prepared. It was fast and unanimous. In just 15 minutes, the Legislative Assembly passed the city’s first-ever asset-freezing […]
Consumer prices in Macau up to 3.9 per cent

Consumer prices in Macau up to 3.9 per cent

Inflation increased slightly last month, thanks to higher prices for restaurant meals and fresh food during the Lunar New Year period. According to data released on Monday, consumer prices increased by almost 3.9 per cent year-on-year in February, slightly higher than in January. In fact, it was the smallest Lunar New Year increase in five […]
Almost 50 flights affected by thick fog over Macau

Almost 50 flights affected by thick fog over Macau

Almost 50 flights were cancelled or postponed today due to the foggy weather. The Meteorological Bureau says the weather will remain unchanged in the coming two days. It was still foggy in Macau today. Those seeking to travel by sea or air were the most affected, with almost 50 flights cancelled or postponed. Many people […]
All 6 hotel sex ring defendants found guilty in Macau

All 6 hotel sex ring defendants found guilty in Macau

Hotel executive Alan Ho Yau Lun, the 68-year-old nephew of gaming mogul Stanley Ho Hung Sun, and five other defendants were found guilty of pimping by the Court of First Instance (TJB) on Thursday. However, five of the sextet – including Ho – were released after the sentencing as the time they spent on remand […]
250 taxi licences open for public tender in Macau

250 taxi licences open for public tender in Macau

The Transport Bureau (DSAT) is inviting bids for 250 licences to operate conventional taxis, according to Wednesday’s Official Gazette (BO). The gazette says that the tenders must be submitted to the bureau by 6 p.m. on April 14, and the minimum bid is to be 200,000 patacas. The licences will be valid for eight years […]
Trade between Macau and Taiwan increases in 2015

Trade between Macau and Taiwan increases in 2015

The President of the Macau Trade and Investment Promotion Institute (IPIM) said in Taipei that trade between Macau and Taiwan reached US$181 million in 2015, representing an increase of 1.3 percent over the previous year. Jackson Chang also recalled, at a seminar on the exchange between companies from Macau and Taiwan, that commercial flights between […]
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