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...

Govt aiming to change budget law by 2017

The government intends to put the amended law on budget-making into force in time for the fiscal year 2017, Financial Services Bureau deputy director Daisy Ho In Mui has said. The amendments will oblige the government to tell the Legislative Assembly how much money it...

Lisbon flights a good proposition, academics say

Macau has clear potential to become a gateway for travel between Greater China and Portugal, an academic study of the air transport market concludes. The study, by the University of St Joseph’s Harry Xia and Kevin Yu, found the the number of passengers taking flights...

Banks rake in more deposits in year to May

Deposits in Macau banks by residents of the city increased to MOP481.8 billion (about US$60.23 billion) in May, 3.8 per cent more than a year earlier, the Monetary Authority of Macau says. The authority’s data indicate that deposits by outsiders increased by 18.9 per...

Milan Station expecting smaller H1 loss in 2015

Handbag retailer Milan Station Holdings Ltd has predicted that its results for the first half of this year will show a smaller net loss than a year earlier. Milan Station told the Hong Kong Stock Exchange: “The group is expected to record a significant decrease in net...

Govt lets airlines put on more flights over summer

The Civil Aviation Authority of Macau says it has given airlines permission to put on 127 extra flights to and from the city over the summer. The authority is letting Air Macau and Tigerair Taiwan offer 50 more flights than usual to Bangkok, 20 more to Zhengzhou, 14...

CTM expecting to switch on 4G network by September

Companhia de Telecomunicações de Macau SARL (CTM) expects its fourth-generation wireless telecommunications network to begin operating by September, TDM reports. The public broadcaster’s radio service quotes CTM vice-president of network services Declan Leong Pui Hong...