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...

ICBC putting another US$360 mln into Macau unit

The mainland’s Industrial and Commercial Bank of China Ltd has announced that it will put another US$360 million (MOP2.88 billion) of capital into its subsidiary in Macau. ICBC told the Hong Kong Stock Exchange that its aim was to “further improve the market position...

Macau’s people, visitors feel city near bursting

Macau is stretching the limit on the number of tourists it can cope with, the findings of a study by the Institute for Tourism Studies suggest. The institute’s Study on Tourism Carrying Capacity of Macau 2013 and 2014 found that residents and tourists surveyed in 2013...

VIP gaming shrinking disproportionately in Macau

VIP gamblers all over the world are betting less than before, but the contraction of the market is greater in Macau than elsewhere, Morgan Stanley says. A report by the investment bank says measures to curb money laundering, and greater reluctance by junket operators...

Performance assessments of officials in the offing

The government will institute a scheme for assessing the performance of its officials and making them accountable for their actions, Secretary of Administration and Justice Sonia Chan Hoi has said. Ms Chan told the Legislative Assembly: “The purpose of establishing...

Macau Pass to extend range of phone app functions

Macau Pass SA hopes that from next month smartphone users will be able to use its application for topping-up Macau Pass stored-value cards to pay water and electricity bills, too, Business Daily reports. The newspaper, quoting Macau Pass deputy general manager David...

Shun Tak profit balloons to HK$4.45 bln in 2014

Shun Tak Holdings Ltd’s profit attributable to its owners jumped to HK$4.45 billion (about US$574.58 million) last year, propelled by earnings from property, Business Daily reports. The newspaper says the annual profit was over three times 2013’s. The report says the...

Standing room only

Full up. That’s the basic message from an IFT study. The Institute for Tourism Studies says Macau’s capacity to absorb visitors probably reached saturation point in 2014. The capacity of Macau to receive tourists may have been surpassed last year, according to the...

Proactive Macau Pass Prospering

Macau Pass has floated several ideas. It aims to enable its smartphone application users to pay for utility bills next month. The stored-value card issuer is also talking with Tradelink to develop platforms for online shopping. read...

Clean air pledge

Clean air pledge Clean air. It was the major topic at the 2015 Macau International Environmental Co-operation Forum and Exhibition. This year, the event is themed ‘Green Economy – Solutions for Clean Air’. read...