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Pearl Horizon homebuyers launch new protest in the streets of Macau

Pearl Horizon homebuyers launch new protest in the streets of Macau

About 2,000 Pearl Horizon homeowners staged a street protest on Sunday, hoping to meet with the Chief Executive to find a way out for the suspended Areia Preta residential project. An owners association says a short-term assistance program introduced by the developer is no solution. Some 2,000 Pearl Horizon homeowners took to the streets to […]
Macau and Guangdong explore cross-border ecommerce platform

Macau and Guangdong explore cross-border ecommerce platform

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 […]
Wynn hopes business will pick up by year-end

Wynn hopes business will pick up by year-end

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 […]
IMF says Macau economy to contract 7.2 per cent in 2016

IMF says Macau economy to contract 7.2 per cent in 2016

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 […]
Business-government collusion is ‘rather serious’ says CCAC

Business-government collusion is ‘rather serious’ says CCAC

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 […]
Macau at risk of overcapacity said Morgan Stanley

Macau at risk of overcapacity said Morgan Stanley

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 […]
Teaching material deal ‘lawfully granted’ in Macau

Teaching material deal ‘lawfully granted’ in Macau

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”. […]
Govt announces rise in vehicle insurance premiums

Govt announces rise in vehicle insurance premiums

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 wants more co-operation with Macau

Hainan wants more co-operation with Macau

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 […]
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