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...

A-Ma Temple restoration predicted to take a year

A government official has estimated that it will take one year to restore the A-Ma Temple, an important tourist attraction, TDM reports. The public broadcaster quotes the chief of Cultural Affairs Bureau’s cultural heritage division, Leong Wei Man, as saying so after...

Melco Crown to use face recognition system

Melco Crown Entertainment Ltd will install apparatus that recognises human faces in its casinos in Macau to alert the staff if a person banned from casinos tries to enter, the supplier of the equipment says. A written statement issued by the supplier, German company...

Ex-minister tipped to be Australia’s man in Macau

Australian ex-minister of defence David Johnston is expected to be his country’s next consul-general in Hong Kong and Macau, the Australian Broadcasting Corporation reports. The public broadcaster fails to say precisely who expects Mr Johnston to get the post. Mr...

Wynn Resorts Q4 Macau EBITDA drops to US$160.1 mln

Casino operator Wynn Resorts Ltd’s earnings in Macau before interest, tax, depreciation and amortisation fell to US$160.1 million (about MOP1.28 billion) in the fourth quarter of last year, 34 per cent less than a year earlier, Bloomberg reports. The news agency says...

BNU’s profit in Macau grows to MOP521 mln in 2015

The annual profit that Portugal’s Banco Nacional Ultramarino makes in Macau increased by 17 per cent last year to MOP521 million (about US$65.13 million), TDM reports. The public broadcaster’s Portuguese-language service quotes BNU chief executive Pedro Cardoso as...

New mortgage loans for housing double in December

Macau’s banks granted new mortgage loans for housing amounting to nearly MOP5 billion (about US$625 million) in December, 104.3 per cent more than the month before, the Monetary Authority of Macau says. The authority’s data indicate that the amount of new lending to...

World Briefs

Macau Daily Times feed NORTH KOREA Kim Jong Un had his military chief executed for corruption and other charges, a South Korean official said. If true, the execution of Ri Yong Gil, chief of the North Korean military’s general staff (pictured, right), would be the...

Daiwa: GGR expected to fall 4 percent on monthly basis

Macau Daily Times feed Analysts at investment bank and brokerage firm Daiwa Securities Group have projected that Macau’s Gross Gaming Revenue (GGR) for the month of February will fall by 4 percent on a monthly basis. Taking into account table reclassification, VIP...