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BNU donates 1.6 million patacas to Macau’s oldest charity

BNU donates 1.6 million patacas to Macau’s oldest charity

Local Portuguese lender BNU has donated 1.6 million patacas to Tung Sin Tong, the city’s oldest charitable organisation. According to a BNU statement issued on Tuesday, BNU Chief Executive Officer Pedro Cardoso handed the donation to Tung Sin Tong President Chui Sai On at the social welfare body’s headquarters last Friday. Tung Sin Tong has […]
Macau, Hong Kong and mainland China aviation bodies sign delta deal

Macau, Hong Kong and mainland China aviation bodies sign delta deal

The civil aviation authorities of the mainland, Hong Kong and Macau signed an agreement on enhancing air traffic management co-operation in the Pearl River Delta (PRD) region on Monday, the Macau Civil Aviation Authority (AACM) said in a statement. The trilateral pact was signed in Hong Kong. Macau was represented by AACM President, Simon Chan […]
Caixa Geral de Depósitos aims to faciliate businesses between China and the PSC’s

Caixa Geral de Depósitos aims to faciliate businesses between China and the PSC’s

Portuguese state financial group Caixa Geral de Depósitos (CGD) plans, from a base in Macau where it has a significant presence through the Banco Nacional Ultramarino (BNU), plans to function as a business facilitator between China and the Portuguese-speaking countries, the group’s “Chief China Officer”, Alberto Soares, told Macauhub. Taking into account the role already […]
100 million yuan donation to Jinan University causes mixed reaction

100 million yuan donation to Jinan University causes mixed reaction

A 100 million yuan donation by the public Macau Foundation (FM) to Jinan University in Guangzhou, from which thousands of local students have graduated, has caused a mixed reaction here. While some have supported the donation as a patriotic gesture, others have rejected it due to its perceived conflict of interest. For instance, the grassroots […]
Macau Legislative Assembly rejects extradition proposal

Macau Legislative Assembly rejects extradition proposal

In an unprecedented move, a government proposal that would make it possible to sign extradition treaties with Hong Kong and mainland China has been rejected. The Legislative Assembly blames the draft law’s technical problems. Last month, in an interview with TDM, Sonia Chan said a proposal paving the way for an agreement on the surrender […]
Wynn Macau revenue drops 13.8 per cent in Q1

Wynn Macau revenue drops 13.8 per cent in Q1

Wynn Macau’s net revenues dropped 13.8 per cent year-on-year to US$608.2 million in the first quarter, Wynn Resorts said in a statement in Las Vegas last week. Adjusted property Ebitda decreased 9.9 per cent year-on-year to US$191 million. According to the statement, table game turnover in the VIP segment amounted to US$13.47 billion, a 21.4 […]
Agencies from Brazil and Macau to further study business missions exchanges

Agencies from Brazil and Macau to further study business missions exchanges

Investment and trade promotion agencies from São Paulo in Brazil and Macau may sign an agreement to intensify the exchange of business missions, ensuring enhanced monitoring on the ground, according to a report from Portuguese-language newspaper Tribuna de Macau. The proposal was presented by the Paulista Agency for Promotion of Investments and Competitiveness (Invests São […]
MGM China revenue drops in Macau 25 per cent in Q1

MGM China revenue drops in Macau 25 per cent in Q1

MGM China’s total revenue dropped 25 per cent year-on-year to HK$3.6 billion in the first quarter, narrowed from the 31 per cent year-on-year decline in the previous quarter, the gaming operator said in a statement on Thursday. According to the statement, adjusted EBITDA fell 23 per cent to HK$995 million. The company’s “business in the quarter was negatively […]
Macau lawmakers point out flaws in Five-Year Plan

Macau lawmakers point out flaws in Five-Year Plan

Macau’s first Five-Year plan was received with mixed feelings by lawmakers. Many noted flaws and ‘omissions’, mainly in the gaming and social welfare sectors. Lawmakers were introduced today to the government’s draft for the SAR’s first ever Five-Year plan. Initially proposed last month, the draft has put forward a performance baseline for a series of […]
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