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...

Premier’s Macau, HK formula contains new element

The central government will treat Macau and Hong Kong “strictly in accordance with the Chinese constitution and the basic law” for each special administrative region, Premier Li Keqiang has said. Mr Li told the National People’s Congress that the central government...

Passengers first, goods second, mainland says

The mainland authorities give easing the flow of people across the border priority over easing the flow of goods, Transport Bureau director Wong Wan has said. Mr Wong was speaking to reporters after a meeting of the Logistics Industry Development Committee discussed...

MOP110 mln subsidy for cultural, creative projects

The government says it will distribute MOP110 million (US$13.77 million) in grants from the Cultural Industries Fund among 86 cultural or creative projects. Executive Council spokesman Leong Heng Teng told reporters that the enterprises to be subsidised would together...

3Macau boss looking for more business from 4G

Hutchison Telephone (Macau) Co Ltd’s chief executive, Ho Wai Ming, is counting on growth in demand for his company’s 3Macau brand as it prepares to enter the market for fourth-generation wireless telecommunications. The company has bid for a 4G licence, and Mr Ho...

Bank deposits by non-residents jump in January

Bank deposits by non-residents amounted to MOP240.7 billion (US$30.13 billion) at the end of January, 9.7 per cent more than a month earlier, the Monetary Authority of Macau says. The authority’s data show deposits by residents increased by 1.2 per cent to MOP482.2...

January package tourists grow 24 pct to 984,000

The number of package tourists visiting Macau in January increased to 984,000, 24 per cent more than a year earlier, the Statistics and Census Service says. The number from the mainland rose by 31 per cent to 794,100. More package tourists came from South Korea, the...

Belt-tightening time

Time will tell. An isolated incident or a new trend triggered by plunging gaming revenues. Regardless, companies are adapting to the new (lower) normal. read...

The thin red line

“Strictly by the Basic Law”. China’s Premier Li Keqiang said Beijing is handling Hong Kong and Macau issues accordingly. And “firmly” upholds the principle of “One Country, Two Systems”. read...