The peg of the pataca to the Hong Kong dollar is an established policy of the Government and will not be changed for a long time, the Chief Executive, Mr Edmund Ho Hau Wah, said when he attended a plenary session of the Legislative Assembly this afternoon. Mr Ho, who was answering legislators’ questions, said he

Last week's announced slowing of casino development and fixing of commission rates for junket operators was welcomed by the director of Sociedade de Jogos de Macau (SJM), Dr Stanley Ho Hung-sun yesterday as necessary to stop the "cut throat" competition between operators. "I think it is excellent news for Macau in general. It is high time

Bangkok Airways will begin flights to Macau in July, becoming the third carrier to offer scheduled non-stop service on the fast-growing route between Bangkok and the former Portuguese colony. The Thai carrier is set to commence daily flights using a new twin engine Airbus A319, which is capable of carrying 120 passengers, on July 4. The

More than one rally which were originally planned to be staged on May 1 demanding measures to tackle illegal workers as well as soaring living costs could be called off after the Chief Executive announced the two-billion pataca subsidy for Macau residents on Tuesday, reports Macau Daily Times. According to lawmaker and chief member of the

In the face of mounting competition for motor-sport fans, Macau Grand Prix organisers should consider packaging tickets with the the city's other attractions to maintain interest in the race. In an ever-growing calendar of race events in Asia, which this year for the first time will include a Formula One race in Singapore, Macau will

Macau visitor arrivals reached 2,713,457 in March 2008, a year-on-year increase of 25.6%. Visitors from Mainland China (1,566,179), Hong Kong (743,250) and Southeast Asia (153,921) grew by 32.4%, 11.5% and 60.4% respectively. Same-day visitors accounted for 53.2% of the total arrivals, at 1,444,785. The majority of the visitors came from Mainland China and Hong Kong, which

Macau’s financial health is solid although there are some risks that make the territory vulnerable to external shocks, according to US ratings agency Moody's Investors Service. "Macau's solid fiscal position has produced considerable public sector surpluses over the past five years and because it does not have any public debt that needs to be repaid, its

In the crime world, what does loyalty really mean? This question is explored when gunmen are sent from Hong Kong to Macau to eliminate a colleague who has decided to walk away from the gang. The two assassins are intercepted by another two – all five of whom were once close friends. What will come

Arriving at the Macau Jockey Club with style via the member's entrance, I was whisked to the ultra chic 2nd floor English Bar Room by a beautiful host of The Macau Racing Club. Just in time for the races to commence and surrounded by other owners and members, the excitement was all around. Races running

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