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Regulator says securities market ‘still under study’
The Macau Monetary Authority (AMCM) said in a statement yesterday that the possible establishment of a yuan-denominated securities market in Macau “is still under study.”Macau’s quasi-central bank also said in the statement that it had commissioned international consultancies to carry out different studies on the feasibility of such a market in Macau.The statement did not identify the consultancies.PLEASE READ THE FULL ARTICLE IN OUR PRINT EDITION.
October 14, 2019
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Macau-Dongguan ferries set sail
A ferry route between Macau’s Taipa Ferry Terminal and Humen town of Dongguan city was launched on Friday, with two round trips per day.A one-way trip on the new route takes 100 minutes.The new route is jointly operated by locally registered Yuet Tung Shipping Co. Ltd. and Dongguan City Humen HK/Macau Passenger Ferry Co. Ltd. – a fully-owned subsidiary of Dongguan Communications Investment Group Co. Ltd. which is owned by the Dongguan government.This combo photo shows Marine and Water
October 14, 2019 | BY admin
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2 smuggling cases busted in one day: customs
The Macau Customs Service said in a statement on Saturday that its officers busted two separate smuggling cases on the previous day.The first case happened at the Macau checkpoint of the Hong Kong-Zhuhai-Macau Bridge (HZMB), while the second case occurred at the airport, according to the statement.In the first case on Friday morning, customs officers intercepted a Hong Kong woman entering Macau at the Macau checkpoint of the delta bridge. They put her shopping trolley through an X-ray scanner,
October 14, 2019 | BY admin
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Macau again to host int’l badminton event
An international badminton event sanctioned by the Badminton World Federation (BWF) as part of the HSBC BWF World Tour Super 300 tournaments will be held at the Tap Seac Multisport Pavilion from October 29 to November 3.The event is organised by the Badminton Federation of Macau in conjunction with the Sports Bureau (ID). The equipment is sponsored by Protech Sports of Malaysia. A total of 18 countries and regions and 282 players from around the world will take part.Kong Tat Choi, who heads
October 14, 2019 | BY admin
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Man gets 13 years for burning, blinding wife
A local man was sentenced to 13 years’ imprisonment by the Court of First Instance (TJB) yesterday for burning and blinding his wife, just four months short of the maximum sentence for the heinous crime.According to the ruling, the defendant was sentenced for causing grievous physical harm to his wife.The case of domestic violence happened on July 12 last year. The victim, Lao Mong Ieng, sustained second- and third-degree burns to more than 40 percent of her body and suffered nearly total
October 11, 2019 | BY admin
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Singapore Sands sued by gambler claiming US$6.6 million
SINGAPORE – A Chinese gambler at Marina Bay Sands Pte is suing the Singapore-based casino operator to recover S$9.1 million (US$6.6 million) he claims was transferred to other casino patrons without his authorization.Wang Xi discovered in July that the money was missing as a result of 22 transfers allegedly made from his casino deposit accounts between October and December of 2015, according to a September 26 statement of claim filed in the High Court in Singapore. Wang doesn’t know the
October 11, 2019 | BY admin
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Portugal recognises Macau’s higher education degrees & diplomas
The Portuguese government has announced the automatic recognition of the Macau Special Administrative Region’s (MSAR) higher education degrees and diplomas, the Higher Education Bureau (DSES) said in a statement yesterday.According to the statement, the recognition of higher education degrees and diplomas will not only facilitate cooperation between the two places in the field of higher education, but also raise the international recognition of Macau’s academic qualifications.The move
October 11, 2019 | BY admin
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Liaison Office gets new vice-director
The State Council has appointed Luo Yonggang one of the four vice-directors of the Central People’s Government Liaison Office in Macau, according to a statement by the office in Macau yesterday.Luo succeeds Sun Da, who was appointed a vice-director of the National Administration of Traditional Chinese Medicine earlier this month, the statement said.Luo Yonggang, born in 1966, has a master’s degree in Education from Inner Mongolia Normal University. Before his appointment to Macau, he was a
October 11, 2019 | BY admin
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Govt consults public on urban renewal bill
The government launches a two-month public consultation today on the drafting of a bill regulating the city’s urban renewal process. The bill proposes that only 80 percent of condominium unit owners will be required to agree to the redevelopment of buildings that are older than 40 years.In Macau, currently, a building can only be redeveloped if all its condominium unit owners agree to the redevelopment.The bill proposes that the proportion of flat owners required to agree to the redevelopment
October 11, 2019 | BY admin
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Festival of the ‘Broken Ghost House’ returns
Despite the name and taking place this month, the festival that is literally called “Broken Ghost House” has nothing to do with Halloween.“Broken Ghost House” is the word-for-word translation of the festival’s Cantonese title named after a building called “laahn gwai lau”, which is synonymous with the quiet old quarters just a few steps away from the crowded Ruins of St. Paul’s landmark.“Laahn gwai lau” is the Cantonese name of a street in that area. The street is officially
October 11, 2019 | BY admin
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Macau’s 1st satellite to be launched in 2020: MUST
The vice-director of the China National Space Administration (CNSA), Tian Yulong, said yesterday that Macau’s first satellite, the launch of which is slated for 2020, was another “successful exemplification” of the strengths of the “One Country, Two Systems” principle in Macau, adding that the development of the scientific satellite would “fully exert” the advantages and characteristics of Macau’s science and technology community in basic research, scientific innovation,
October 10, 2019 | BY admin
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Myanmar maid pulls boy’s hair for eating breakfast too slowly: police
The Public Security Police (PJ) arrested a 33-year-old domestic helper from Myanmar on Friday for pulling the hair of her employer’s nine-year-old son as she was unhappy about the schoolboy eating his breakfast too slowly, injuring the boy’s scalp in the process, a PSP spokesperson said during a regular press conference yesterday.The case happened at around 7:30 a.m. at the boy’s family home in Rua de Brás da Rosa – a street near the Red Market – on Friday. The domestic helper,
October 10, 2019 | BY admin
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Gov proposes 18 as minimum age to buy alcoholic drinks
The Health Bureau (SSM) has drafted a bill on the minimum age for buying alcoholic drinks in Macau and the alcoholic content which would define the drinks as alcoholic beverages, Lam Chong, head of the bureau’s Centre for Disease Prevention and Control, said during a phone-in programme hosted by the Chinese-language radio station of government broadcaster TDM yesterday.Lam made the remarks while speaking to reporters at Ou Mun Tin Toi (TDM’s Chinese-language radio station) after attending
October 10, 2019 | BY admin
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60 pct suffer from dry eye syndrome: Orbis
The results of an online survey carried out by Orbis Macau and released yesterday show that 60 percent of the respondents suffer from various levels of dry eye syndrome, and nearly 20 percent suffer from a “moderate to severe” level.The charitable organisation held a press conference at the Henry Fok Specialist Medical Centre of Kiang Wu Hospital yesterday, where it released its latest findings of a survey of 2,500 local residents’ level of dry eye sickness. The survey was based on an
October 10, 2019 | BY admin
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90 pct of tasks in 5-Year Development Plan completed in 2016-18: govt
The government announced yesterday that approximately 90 percent of the tasks outlined in its Five-Year Development Plan were completed between 2016 and 2018, according to a statement by the Macau Government Information Bureau (GCS).The findings are based on a mid-term evaluation of Macau’s first Five-Year Development Plan (2016-2020), and the evaluation indicates it has achieved its objectives in line with its timetable between 2016 and 2018, the statement noted.The evaluation results are
October 10, 2019 | BY admin
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