The Official Gazette on April 4, 2007 published a by-law to suspend the fixed-asset investment residency policy. The Chief Executive, Mr Edmund Ho Hau Wah, announced the Government's decision this afternoon when he attended a plenary meeting of the Legislative Assembly to answer legislators' questions over public issues. Meeting the press after the session, the Secretary for

The authorities in Zhuhai, southern China, have announced a detailed blueprint of Henqin Island Development Plan. The island, home to about 4,000 people, is very close to Macau. Strangely there is no mention of Las Vegas Sands involvement in this development. The plans call for oil and gas terminals, entertainment centres – and a branch of

Macau Success Ltd said wholly owned unit Golden Sun Profits Ltd has agreed to sell about 10 pct of World Fortune Ltd's existing issued share capital to Japan's Maruhan Corp for 208.5 mln hkd. The sale also includes about 10.2 pct of the interest-free shareholder's loan of 66.47 mln hkd provided by Golden Sun to World

Shun Tak Holdings Ltd, the ferry company and property developer controlled by billionaire Stanley Ho and his family, said first-half profit surged 20-fold on gains from property revaluation and the sale of the Mandarin Hotel stake, now called Grand Lapa Macau. Net income climbed to HK$1.69bn (US$218m), or 74.9 cents a share, from HK$84.1m, or 3.5

The current financial instability in the Worlds’ economy is certainly going to affect Macau property prices. The question is; How ? Opinions vary of course, that is the nature of ‘forecasting’. One of the world’s most respected financial institutions, the International Monetary Fund or IMF, predicts recession in USA and Europe. You may think that all these

A total of 56 hotel projects which were still under construction or waiting for approval in the second quarter this year could provide at least 34,400 more guest rooms to Macau's tourism industry.According to information from the Land, Public Works and Transport Bureau (DSSOPT), 21 hotel projects were under construction, a drop of two from

The Macau government is waiting for approval from the central government in Beijing to begin works on the reclamation land projects which are expected to total an area of around five square kilometers. The secretary for transport and public works, Lau Si Io, said the project plan is based on that of 2006, which the local

The investment immigration scheme through buying properties in Macau will not be resumed at least for the next two years, according to government sources. The Jornal Va Kio reported that the Government has no intention to review the decision, announced by the Chief Executive Ho Hau Wah during the Legislative Assembly’s question time on 3 April

As we mentioned earlier back in November 2007, Oceanus Casino Project Getting Ready to Kick Off >>, we just received a snippet of news that the interim New Yaohan department store will be opening in May 2008 on the Lot One site in Nam Van Lake opposite to the old Judicial Court. The mall has

As reported by Blog Macau Info, the Hong Kong-Zhuhai-Macau Bridge project may take 36-and-a-half years to break even, admitted the Governor of Guangdong Province. Huang Huahua said in Beijing as a deputy to the National People’s Congress (NPC) that is currently being convened that the construction cost of the bridge may reach US$5.62 billion, while the