Stanley Ho’s Geo Capital to take stake in Cahora Bassa dam

An article about Stanley Ho's continued offshore investments expansion Mozacapital, accompany linked to Geo Capital owned by Macau businessman Stanley Ho, is expected to take a stake in the Cahora bassa Hydroelectric Dam (HCB), which South Africa will not be a part of, the Africa Monitor newsletter reported Full article here Stanley Ho News

Macau Gets Over 81,000 Daily Visitors up by 23% on 2006

benefited from the National Day holidays, number of visitor arrivals reached 2,430,414 in October 2007, representing a year-on-year increase of 22.1%. Visitors from Mainland China and Hong Kong rose by 28.9% and 8.1% respectively, whereas those from Taiwan, China dropped by 5.5%. Meanwhile, same-day visitors accounted for 52.7% of the total arrivals, at 1,280,949. The majority

Unemployment in Macau Down to 3.0%

Unemployment rate for August-October 2007 was 3.0%, down by 0.1 percentage point over the previous period (July-September 2007) or 0.6 percentage point year-on-year. The underemployment rate went up by 0.1 and 0.3 percentage point over the previous period and the same period of 2006 respectively to 1.2%. Total labour force was estimated at 318,400, with a

Macau Government Tourist Office appoints Gary Grimmer

An article about Macau Tourist Office The Macau Government Tourist Office (MGTO) has appointed experienced congress industry manager and consultant Gary Grimmer as adviser for the development of business tourism in Macau. Full article about Macau Tourist Office

Las Vegas Sands begins marketing campaign for Marina Bay integrated resort

July 4, 2006 | ChannelNewsAsia | SINGAPORE : US hotel and casino group Las Vegas Sands has begun its marketing campaign for the Marina Bay integrated resort. At an exhibition to sell conference venues and facilities here on Monday, Sands' Asian arm, Venetian Macau, showcased the Singapore project alongside other similar facilities it is developing in

Macau Government Guarantees Unlimited Bank Deposits Until 2010

The government of Macau Tuesday said it would provide unlimited bank guarantees on deposits in Macau banks, estimated at a total of US$32.5 billion (260 billion patacas), MacauNews reported Wednesday.Macau’s Secretary for the Economy and Finance, Francis Tam said at a press conference that the government would, “provide loans or capital to banking isntitutions that

Macau Golden Week Visitors Up By 13.2%

Macau welcomed 390,683 visitors on the first four days (September 29 to October 2) of the China National Day golden week, a 13.2 per cent increase compared to the same period of last year. Among the total of visitors, 65 per cent, or 254,139 people, came from Mainland China, 6.3 per cent more than the same

China Clamps Down on Macau Visa Restrictions Even Further

China has clamped down on permits to visit Macau after seeing huge amounts of money flood into casinos in the resort, some of them American-owned,  People in the wealthy southern province of Guangdong that neighbours the former Portuguese colony are now limited to only one trip every three months. The move is the

Expected Macau GDP Growth 10% This Year

The Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, said today he expected Macao’s Gross Domestic Product (GDP) to grow by about 10 per cent this year.During a reception, Mr Tam told the press that with the global economy slowing down and international financial market fluctuating even more wildly, he expected Macao’s economy

Mainland Chinese Visitors Increases by 10.6%

The latest Macau statistics indicates that visitor arrivals totalled 2,583,372 in August 2008, a year-on-year increase of 8.5%. Visitors from Mainland China (1,488,084) and Hong Kong (757,784) rose by 10.6% and 5.2% respectively, while those from Taiwan, China (112,454) decreased by 7.0%. Same-day visitors took up 52.6% of the total arrivals, at 1,357,855. The majority of