Ching Ming Festival

Ching Ming Festival is one of the 24 segments in Chinese calendar.   It normally falls on the 4th or 5th of April because it’s depended on the Cold Food Day (105 days after previous year’s winter solstice).  In the old days, Ching Ming was celebrated 3...

Govt to table catch-all anti-smoking bill

The government will present to the Legislative Assembly a bill to ban smoking in casinos, increase taxes on tobacco products and prohibit the sale of electronic cigarettes, officials have said. “Predictions tell us that the economy will be hit by these measures,”...

Promotion Wars

Casinos in Macau are assigning an increasing share of their revenues to promotions and discounts in order to attract new customers, now that the market has slowed. With customers sidestepping Macau and spending less on the gaming tables, casino operators have been...

May package tourists decrease 1.1 pct to 688,000

The number of package tourists visiting Macau fell to 688,000 in May, 1.1 per cent fewer than a year earlier, official data indicate. The Statistics and Census Service says 652,000 were mainlanders, 2 per cent fewer than a year earlier. Fewer package tourists came...

Macau eases rules for mainlanders passing through

Macau is today increasing to seven days from five the maximum permissible stay of mainlanders entering the city for the purpose of onward travel, the police say. A written statement issued by the police says mainlanders transiting Macau twice within 30 days will be...

Average price of housing drops 12.6 pct in May

The average price of housing in Macau fell to MOP90,134 (about US$11,267) per square metre in May, 12.6 per cent less than the month before, official data indicate. The Financial Services Bureau says prices of residential space fell on Coloane and Taipa, but rose on...

Casinos giving more weight to promotion, bank says

Deutsche Bank says Macau’s casinos are spending a greater proportion of their takings on promotion as the slump in gaming persists. A note by the investment bank says three of Macau’s six casino operators together spent US$206 million (about MOP1.65 billion) on...

Traditional medicine park due to open in 2017H1

The operator of the Chinese traditional medicine industrial park, being built on Hengqin Island with the support of the Macau government, expects the first phase of the park to begin operating in the first half of 2017. Guangdong-Macau Traditional Chinese Medicine...

Macau house prices down 12.6 pct

The rebound in the local real estate market has taken a breather by 12.4 per cent and 12.6 per cent month-on-month, respectively The local property market has headed south again. The number of transactions in residential flats in May dropped to 582 from 664 one month...

Hengqin: 2.3 billion yuan invested in TCM park

A Traditional Chinese Medicine park on Hengqin, a co-operative initiative between the MSAR and Mainland government, is positioned to attract more big firms to help develop itself as a research and healthcare services hub read...