Wynn announces US$743 million net proceeds from senior notes

Wynn Macau announced yesterday that the net proceeds from the offering of its 5.500 percent senior notes due 2026 will be approximately US$743.1 million (5.93 billion patacas) after deducting the discounts and commissions of the initial purchasers and estimated expenses payable by the company.The gaming operator announced the figure in a statement to the Hong Kong Stock Exchange.According to the statement, “The company intends to use the net proceeds from the proposed offering for general

June 15, 2020 | BY admin

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Fire in Fortune Tower’s switch room causes blackout, 2 in hospital

A fire erupted in the switch room of Fortune Tower in Avenida do Ouvidor Arriaga in the early hours of yesterday, causing a power outage in the sprawling two-block residential estate for a period of time, according to the Fire Services Bureau (CB).The Fire Services Bureau received a call about the fire at around 1 a.m. yesterday. Firefighters rushed to the scene and found that smoke was coming from the estate’s switch room. They quickly extinguished the blaze, Kuok Pan, who heads the Areia

June 15, 2020 | BY admin

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Govt suspends applications for Zhuhai quarantine exemption

The Macau government has temporarily stopped accepting new applications from local residents for exemption from Guangdong’s 14-day quarantine requirement, as it has received a large number of applications in the short period since Thursday’s launch of the application process and will need time to assess the cases, its Novel Coronavirus Response and Coordination Centre announced in a statement yesterday.The statement said that the centre will announce when it will resume accepting

June 15, 2020 | BY admin

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teamLab creates ‘SuperNature’ experience for Macau audience

The immersive and interactive digital art experience as a result of connecting science, art and nature by Japanese collective teamLab has mesmerised people around the world, and its “SuperNature” installation in Macau is set to give locals a journey of exploration in a labyrinth of colours, light, nature and technology.Formed in 2001, teamLab has been creating digital artworks for shows worldwide, and made its local debut in 2017. Now the collective has returned to the city with a much

June 15, 2020 | BY admin

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Common endeavors

Commentary by Shada Islam* Striving for a better tomorrow and ensuring that people around the world can live healthier lives are shared goals that can bring Europe and China together.China-Europe relations have always been volatile and are especially challenging today. Great power rivalries and zero-sum games have added to the complexities of managing their multi-faceted relationship, with the increasing tensions between China and the United States casting a shadow over the global

June 15, 2020 | BY admin

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Tropical Depression Nuri spares Macau, HK

Tropical Depression Nuri has spared Macau and faded away with minimal impact.The Macau Meteorological and Geophysical Bureau (SMG) announced in a statement today that all storm warning signals were lowered at 1 p.m., when Nuri was located about 210 kilometres west of Macau. According to the statement, Nuri was forecast to move west-north-west at around 22 km/h. The stand-by signal No. 1 was hoisted by the bureau at 7 p.m. on Friday. It was upgraded to the strong-storm signal No. 3 at 6

June 14, 2020 | BY admin

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Macau hoists signal No.3 as storm is approaching

The Macau Meteorological and Geophysical Bureau (SMG) hoisted the Strong Wind Signal No. 3 at 6 p.m. today as Tropical Storm Nuri is edging close to the city.According to an SMG statement, the signal will remain hoisted at least until 11 p.m. At 6 p.m. Nuri was located about 280 km south-southwest of Macau in the South China Sea and moving towards the coast of Guangdong province, the statement said.According to the SMG website, there is a "medium" probability that the signal No.8 will

June 13, 2020 | BY admin

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IPIM graft trial adjourned over prosecutorial issues

The graft trial involving the former president of the Macau Trade and Promotion Institute (IPIM) and over two dozen other defendants was adjourned today over prosecutorial issues. The presiding judge adjourned the trial until next week after the Public Prosecution undertook to submit a list of documents backing up the charges that ex-IPIM president Jackson Chang is facing to his lawyer. Chang's lawyer Rui Moura, a former journalist, told reporters outside the courthouse that the trial

June 12, 2020 | BY admin

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Macau hoists stand-by signal No. 1 as tropical cyclone is approaching

Tropical Cyclone Signal No. 1 was hoisted by the Macau Meteorological and Geophysical Bureau (SMG) tonight. According to an SMG statement, the stand-by signal went up at 7 p.m. "The No. 1 will remain in effect for a period of time," the statement said, adding that the No. 1 signal is hoisted when a tropical cyclone is centred within 800 kilometres of Macau and may affect Macau."According to the statement, at 8 p.m. the storm was estimated to be about 750 km southeast of

June 12, 2020 | BY admin

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Govt mulls fees for civil service admission exams: Cheong

Secretary for Administration and Justice André Cheong Weng Chon said yesterday the government would consider charging fees for civil service admission examinations.The policy secretary said that the fees were not meant to cover the government’s cost of running admission examinations to recruit public servants, but instead aimed to tackle the issue of low attendance rates in public servant recruitment examinations.Cheong made the remarks when replying to an oral interpellation by

June 12, 2020 | BY admin

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Ex-IPIM chief stays mum in graft trial

Former Macau Trade and Investment Promotion Institute (IPIM) president Jackson Chang, also known as Cheong Chou Weng, stayed mum during yesterday’s hearing in a trial where he’s facing 18 charges for a range of serious crimes, such as membership of a criminal organisation, abuse of power, corruption, breach of secrecy, money laundering, and false income declarations. Chang has been remanded in custody since July 2019. The trial comprises 26 defendants, many of who are being tried

June 12, 2020 | BY admin

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June 4 case of lawmaker’s 2 daughters passed to prosecutors: Wong

Secretary for Security Wong Sio Chak said yesterday that the police have transferred the case involving two women –both widely known to be the daughters of a local lawmaker – for their alleged participation in an illegal June 4 gathering to the Public Prosecution Office (MP) in line with the assembly and demonstration law.Wong made the remarks while speaking to reporters after attending a closed-door meeting of the legislature’s 1st Standing Committee, which is reviewing,

June 12, 2020 | BY admin

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IC launches intangible cultural heritage workshops to mark Cultural & Natural Heritage Day

The Cultural Affairs Bureau (IC) said in a statement yesterday that it will launch two intangible cultural heritage workshops to celebrate the nation’s Cultural and Natural Heritage Day.The celebration will last from tomorrow until June 21, the statement said.The workshops aim to promote intangible cultural heritage and a healthy lifestyle online, the statement noted.According to the statement, the workshops will consist of the Demonstration Workshop on Making Cheongsams and Chinese Wedding

June 12, 2020 | BY admin

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DSEJ safeguards pupils’ well-being during COVID-19

After months of staying at home due to the novel coronavirus (COVID-19) threat, children can now safely go back to school to see their teachers and friends.While frontline workers work round the clock fighting the virus so as to keep the city going and keep people safe during the epidemic, staff at the Education and Youth Affairs Bureau (DSEJ) have been incessantly doing their part in coordinating with medical professionals and school representatives to find the best way to safeguard

June 12, 2020 | BY admin

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