Dongzhi Festival or Winter Solstice Festival

Dongzhi Festival or Winter Solstice Festival

Dongzhi Festival or Winter Solstice Festival or The Extreme of Winter is one of the most important festivals celebrated by the Chinese and other East Asians during the dongzhi solar term on or around December 21 when sunshine is weakest and daylight shortest; i.e., on the first day of the dongzhi solar term. The seasonal significance of the winter solstice is in the reversal of the gradual lengthening of nights and shortening of days.

The coming of winter is celebrated by families and is traditionally the time when farmers and fishermen gather food in preparation for the coming cold season. It is also a time for family reunions.

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MTEL: Ready to start

MTEL says it’s ready. To enter the fixed line market, and challenge incumbent telecom operator CTM. The company said yesterday that leased line and Internet services will be operational within days.

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Warning in times of prosperity

Almost ready. Studio City and Galaxy Phase 2 will open soon. The high profile integrated resorts will substantially increase Macau gaming’s offer. But Daiwa Capital Markets analyst Jamie Soo is a naysayer. Supply will not increase demand, he says.

Next year will demonstrate that supply is no longer driving demand in Macau, Gaming and Consumer Analyst at Daiwa Capital, Jamie Soo, has told Business Daily. According to Mr.

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Golden Hangover

They go hand in hand. Gaming revenues and jewellery sales. In the six months ended September, Luk Fook sales in Macau plunged 22 percent from a year ago. Chow Tai Fook took a big hit as well. Regardless, jewellery companies are planning to expand next year

Luk Fook Holdings (International) Ltd posted a revenue drop of 25.1 per cent to HK$7.5 billion for the six months ended September 30.

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Government gaming advisor’s contract to be renewed

David Green’s company Newpage Consultadoria Limitada will have its contract with the Macau Government renewed and continue to conduct studies relating to the gaming industry with recommendations to the authorities

David Green, an Australian lawyer and former gaming regulator, who has advised the Macau Government on gaming regulatory policy since 2000, will have his firm’s contract renewed in 2015.

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Inflation hits 6.18 per cent in October

During the tenth month of the year prices increased 6.18 per cent, the Statistics and Census Service revealed yesterday. Housing and Fuels prices alone jumped 12.47 per cent in relation to October 2013

Higher rentals and more expensive charges for eating out caused inflation to jump to 6.18 percent year-on-year during October, the Statistics and Census Service revealed yesterday.

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