News

Macau Government to watch local market after US rate hike

Secretary for Economy and Finance Lionel Leong Vai Tac said on Thursday that the government would keep a close eye on the local mortgage market and banking sector after the US Fed’s rate hike in Washington, DC, on Wednesday. Leong made the remarks after a closed-door meeting with the legislature’s 3rd Standing Committee about the … Continue reading "Macau Government to watch local market after US rate hike"

18 Dec, 2015

#Politics

Macau government expects tax hike to lower vehicle growth rate

Responding to lawmakers’ doubts on the expected impact of new motor vehicle tax rates on lowering the city’s annual growth rate in motor vehicles, Transport Bureau (DSAT) Director Lam Hin San said he believed that once the new tax rates are in place the annual growth rate will drop by about 1 percentage point from … Continue reading "Macau government expects tax hike to lower vehicle growth rate"

18 Dec, 2015

#Politics

Macau Government announced ten new Macau heritage sites

The Cultural Affairs Bureau has announced Wednesday a list of ten new iconic sites to be integrated in Macau’s Cultural Heritage list. In the list are buildings such as the Social Welfare Bureau’s headquarters and general Ye Ting’s former home. Starting at the end of themonth, a public consultations will listen the population as which sites … Continue reading "Macau Government announced ten new Macau heritage sites"

17 Dec, 2015

#Tourism

Macau jurisdiction of coastal water starts on Sunday

Macau’s coastal waters covering an area of 85 square kilometres and part of the Duck Channel will finally under the city’s jurisdiction from Sunday, the 16th anniversary of the Macau Special Administrative Region (MSAR), the State Council in Beijing decided on Wednesday. “The government of the Macau Special Administrative Region expresses its sincere gratitude to … Continue reading "Macau jurisdiction of coastal water starts on Sunday"

17 Dec, 2015

#Politics

Macau Government proposes longer sentences for drug crimes

Executive Council spokesman Leong Heng Teng said the government was proposing to increase the minimum sentence for the selling of drugs, and both the minimum and maximum sentence for drug-taking. Leong said the Executive Council had completed discussing a bill proposing a number of changes to the current anti-drug law, based on suggestions from the … Continue reading "Macau Government proposes longer sentences for drug crimes"

16 Dec, 2015

#Politics

Leong urges society to join Macau government in ‘fighting prolonged war’

Secretary for Economy and Finance Lionel Leong Vai Tac urged all sectors of civil society to put in an effort along with the government to face the city’s economic transition in a positive way and with an attitude as if “fighting a prolonged war”. Leong made the remarks during an unannounced meeting with representatives from … Continue reading "Leong urges society to join Macau government in ‘fighting prolonged war’"

16 Dec, 2015

#Politics

Macau Trade and Investment Promotion Institute to open offices in Lisbon & Sao Paulo in Q2 or Q3

Macau Trade and Investment Promotion Institute (IPIM) Executive Director Gloria Batalha Ung said that in order to provide better assistance to local enterprises, small- and medium-sized enterprises (SMEs) in particular, to develop their business ties with the Portuguese-speaking countries, the institute planned to set up representative offices in Lisbon and Sao Paulo. Ung also said … Continue reading "Macau Trade and Investment Promotion Institute to open offices in Lisbon & Sao Paulo in Q2 or Q3"

15 Dec, 2015

#Economy

Macau’s economy to resume growth in 2017

Macau’s economy will resume growth in 2017, at a rate of 4.6 percent, after ending 2015 with a contraction of 23.0 percent and continuing in negative territory in 2016, with -2.7 percent, according with the most recent forecasts from the Economist Intelligence Unit (EIU). Gross fixed capital formation, or investment, which in 2014 recorded exceptional … Continue reading "Macau’s economy to resume growth in 2017"

15 Dec, 2015

#Economy

Macau residents most dissatisfied with transport

An annual survey jointly conducted by the Macau Economic Association (AEM) and the Macau Polytechnic Institute (IPM) last month shows that residents are most dissatisfied with transport, followed by the cost of living, quality of life and the government. AEM President Joey Lao Chi Ngai said the survey asked 1,017 locals aged 18 and over … Continue reading "Macau residents most dissatisfied with transport"

15 Dec, 2015

#Politics

Mainland-Macau trade up 23 per cent in first 10 months of 2015

According to figures from the Ministry of Commerce, trade between mainland China and Macau has increased by 32 percent year on year to reach USD3.95 billion for the first ten months of 2015. The mainland’s exports to Macau rose by 34.6 percent year on year to USD3.79 billion during the January–October period. Macau’s exports to … Continue reading "Mainland-Macau trade up 23 per cent in first 10 months of 2015"

14 Dec, 2015

#Economy

Macau casinos don’t use Alipay said Leong Vai Tac

Secretary for Economy and Finance Lionel Leong Vai Tac said that no casinos are using Alipay, a third-party on-line payment platform affiliated to Alibaba Group. The policy secretary also said the government would ensure that all transactions through Alipay be dealt with in line with official regulations. Leong made the remarks on the sidelines of … Continue reading "Macau casinos don’t use Alipay said Leong Vai Tac"

14 Dec, 2015

#Economy

No mainland law enforcement on Macau side

Secretary for Security Wong Sio Chak said that the local police would continue discussions today with their counterparts in the mainland about details of a new entry-exit system initially only planned for the future Duck Channel checkpoint, adding that the government would ensure that the new system will be in line with the Macau Basic … Continue reading "No mainland law enforcement on Macau side"

14 Dec, 2015

#Politics

Macau and Taiwan sign airline double taxation deal

The local and Taiwan governments signed an agreement on Thursday to grant airline companies from either region a reciprocal tax exemption. Representatives from the two regions signed the double taxation avoidance agreement at the Macau Art Museum (MAM) in Nape. Speaking to reporters after the signing ceremony, Mainland Affairs Council (MAC) Department of Hong Kong … Continue reading "Macau and Taiwan sign airline double taxation deal"

11 Dec, 2015

#Business

Construction budget for Macau Pac On Terminal on leash

The construction budget for the new Pac On Terminal in Taipa is to be controlled at below MOP3.8 billion, the head of the Infrastructure Development Office, Chau Vai Man told the Assembly. This updated price tag quoted by the Office has ballooned compared to the total construction of MOP 3.28 billion estimated in 2014. Chau … Continue reading "Construction budget for Macau Pac On Terminal on leash"

11 Dec, 2015

#Economy

Secretary for Transports and PW says Macau infrastructure difficult to be completed by 2019

Secretary for Transport and Public Works Raimundo do Rosário said on Thursday it was “not normal for there to be 80 casinos shuttle bus routes while there are only about 70 public buses routes”, vowing that the government will tackle the issue in 2016. Speaking in the Macau Assembly Rosário apologised about how to deal … Continue reading "Secretary for Transports and PW says Macau infrastructure difficult to be completed by 2019"

11 Dec, 2015

#Politics

Macau Canidrome Chief vet reveals importing of dogs in “death trade”

A covertly recorded interview with the chief vet of the Canidrome has revealed how Australian greyhounds are being sourced and imported to Macau, in what ABC has termed a “death trade” in the latest of a series of investigations aired through the broadcaster’s news program entitled “The 7:30 Report”. After being deemed uncompetitive on Australia’s … Continue reading "Macau Canidrome Chief vet reveals importing of dogs in “death trade”"

10 Dec, 2015

#Gaming

Macau Light Rail Train in Taipa to start operating in 2019

Secretary for Transport and Public Works Raimundo do Rosario said he expected the Taipa section of the city’s Light Rapid Transit System (LRT) to finally start operating in 2019, adding that the government should be able to launch a public tender for the construction of the LRT station in Barra next year. Previously, the Taipa … Continue reading "Macau Light Rail Train in Taipa to start operating in 2019"

10 Dec, 2015

#Politics

Macau government expects legal assistance deals with HK, mainland next year

Secretary for Administration and Justice Sonia Chan Hoi Fan said the government would do its best to ink separate mutual legal assistance (MLA) agreements with its mainland and Hong Kong counterparts next year. Chan made the remarks after attending a seminar at Hotel Royal on the planned legal co-operation deals. Chan attended the one-day seminar … Continue reading "Macau government expects legal assistance deals with HK, mainland next year"

9 Dec, 2015

#Politics

Ukraine runners dominate Macau´s marathon

Ukraine’s Vitaliy Shafar and Olena Shurkhno have taken this year’s Macau Marathon titles in the male and female categories, respectively. Shafar was clearly the strongest in his category, running the 42.195 kilometers in a mere 2:14:44. Shurkhno won with a time of 2:33:24 in the race held Sunday in Macau’s streets. A total of 8,000 … Continue reading "Ukraine runners dominate Macau´s marathon"

7 Dec, 2015

#Sports

“Synergy” of 3 tourism events a success says Macau Secretary for Social Affairs and Culture

Secretary for Social Affairs and Culture Alexis Tam praised the “synergy” of the annual marathon, the annual Latin City parade and the newly launched Macau Light Festival. The policy secretary made the remarks on the sideline of the Light Festival’s opening ceremony at the Luis Gonzaga Gomes Sino-Luso Secondary School. The Macau Galaxy Entertainment International … Continue reading "“Synergy” of 3 tourism events a success says Macau Secretary for Social Affairs and Culture"

7 Dec, 2015

#Tourism