Chinese New Year

Chinese New Year

Chinese New Year is the most important and colorful Chinese festival celebrated by the majority of the local population, where shops, offices, factories close for this traditional holiday. During ten days there are a huge number of events celebrating the New Year. The...

Estate agents see little growth in factory values

Estate agents think any increases in the prices and rents of factory space in Macau will be slower this year than they have been in the past three years, Business Daily reports. It quotes Centaline (Macau) Property Agency Ltd and Midland Realty (Macau Ltd) as saying...

Academic warns of tension in Pearl River Delta

An academic thinks Macau’s reliance on migrant labour, especially cheap migrant labour, may become a source of strain among the people of the Pearl River Delta. “The rising proportion of relatively low-income migrant workers needed to support this good life could be...

Euro fall cuts incomes of civil service pensioners

The Macau Retirees Association (APOMAC) is worried about the fall in the international value of the euro because about 1,300 Portuguese former public servants live in the city, Lusa reports. The Portuguese news agency quotes association president Francisco Manhão as...

Monetary authority sees gaming slump silver lining

The Monetary Authority of Macau says the increasing proportion of revenue that the gaming industry gets from the mass market is a sign that the economy is becoming more diverse. The authority says in its latest Monetary and Financial Stability Review that decreasing...

Chui promises Chinese traditional medicine action

The Macau government will strengthen its ties with national and international bodies to propel development of the Chinese traditional medicine industry and so make the city’s economy more diverse, Chief Executive Fernando Chui Sai On has said. Mr Chui said so in a...

Sale of vehicle plate numbers rakes in MOP13 mln

Buyers paid over MOP13 million (US$1.6 million) for motor vehicle registration plates bearing special numbers that were auctioned recently, the Transport Bureau has announced. The bureau said it had put 272 numbers up for sale and received 890 bids. The highest bid,...

Is the real estate bubble deflating?

It could be a sign. The real estate bubble has touched all sectors, launching prices into the stratosphere. The anticipated subdued growth for industrial units this year, however, could signal a cooling market. read...

Build and they will come

A study warns of future low-income worker ‘tension’. A professor and urban planner from the College of Architecture and Landscape at Peking University says the signs are there. read...