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...

Galaxy Entertainment, Shun Tak to develop Hengqin

Macau casino operator Galaxy Entertainment Group Ltd intends to invest over MOP12.8 billion (about US$1.6 billion) in developing 2.74 square km of land over the border on Hengqin island, the Macau Daily News reports. The newspaper quotes Galaxy Entertainment as saying...

Consumer inflation eases a bit to 5.1 pct in March

The annual rate of consumer price inflation slowed to 5.1 per cent last month from 5.3 per cent the month before, official data indicate. The Statistics and Census Service attributes the steadiness of inflation mainly to increases in rents for housing and the cost of...

Car park contract-fixing conspiracy uncovered

A court has remanded in custody two officials of the Transport Bureau accused of corruption, the Commission against Corruption says. The commission says measures have been taken to prevent three other suspects in the case from leaving Macau. Prosecutors allege that a...

Evidence absent, data protection trial lawyer says

Counsel for mobile gaming application developer Charlie Choi Kei Ian, who is on trial on charges of breaking the law on personal data protection and aggravated disobedience, has contended that the prosecution has failed to present evidence that his client set up the...

Economists warn GDP may shrink 14.7 pct in 2015

The University of Macau’s economics department estimates that the economy may shrink by 14.7 per cent this year – its biggest contraction since 1982 – if the slump in gaming persists, Business Daily reports. The newspaper quotes the university’s 2015 Macroeconomic...

Authorities still negotiating driving licence deal

No date has been set for making Macau driving licences valid over the border in the province of Guangdong and vice-versa, Transport Bureau chief Wong Wan has said. Mr Wong says in a written reply to an enquiry by Legislative Assembly member Si Ka Lon: “The relevant...

Great Recession

It’s a record breaker. But for all the wrong reasons. The Macau economy is heading for its biggest recession in 33 years. If the ‘new normal’ of MOP20 billion monthly gaming revenues plays out for the rest of the year, GDP will shrink by 14.7 pct in 2015. The city is...

Big dreams

The Hengqin New Area Free Trade Zone. This economic shot-in-the-arm was officially inaugurated yesterday. And already 276 Macau companies (plus 131 from Hong Kong) are on board. read...