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Sam mulls setting up funds to propel economic diversification
During Saturday’s Q&A session with members of the Chief Executive Election Committee, chief executive candidate Sam Hou Fai pledged that his administration would roll out various measures with the aim of stimulating Macau’s appropriate economic diversification, which he said is an urgent question that Macau must answer, such as by studying the possibility of setting up public funds aiming to promote the development of emerging industries.The government-appointed Chief Executive
September 30, 2024
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Building on 75 Years of Achievements and Opening Up a New Chapter in Major-Country Diplomacy with Chinese Characteristics
By Commissioner Liu Xianfa        This year marks the 75th anniversary of the founding of the People’s Republic of China. For the past 75 years, the Communist Party of China (CPC) has united and led the Chinese nation in successfully finding the Chinese path to modernization, and in creating the two major miracles of fast economic development and long-term social stability. China has seen a substantial rise in its composite national strength, becoming a pivotal player in
September 30, 2024 | BY admin
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Champions of 6-day Sands China Macau Open Badminton 2024 crowned
The finals of the six-day Sands China Ltd. Macau Open Badminton 2024 tournament took place yesterday at the Macau East Asian Games Dome in Cotai, with Hong Kong’s Angus Ng Ka-long crowned champion in the Men’s Singles and Gao Fangjie from the mainland winning the Women’s Singles, a statement from integrated resort (IR) operator Sands China said last night.The tournament is an event of the HSBC BWF World Tour Super 300.According to the Badminton World Federation (BWF) website, Ng is World
September 30, 2024 | BY Rui Pastorin
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MGTO holds annual tray race
The Macau Government Tourism Office (MGTO) held its annual Tray Race on Friday afternoon as part of the celebrations for World Tourism Day, according to a statement released on the same day.This year titled “Celebration of the 25th Anniversary of the Establishment of the Macao SAR 2024 World Tourism Day Tray Race”, the event saw a total of 225 contestants representing 34 local hotels and restaurants, racing from the Ruins of St. Paul’s down to Largo do Senado, all the while balancing a
September 30, 2024 | BY Rui Pastorin
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21,000 walk across Macau Bridge, opening to traffic tomorrow
Macau Bridge, the city’s fourth sea-crossing connecting the Macau peninsula and Taipa island, will open to vehicular traffic from 2 p.m. tomorrow, after about 21,000 residents walked across the bridge yesterday morning during an event organised by the Sports Bureau (ID) celebrating the bridge’s inauguration.The bridge’s inauguration ceremony will be held tomorrow morning, National Day, at Pac On in Taipa, close to the bridge.The bridge’s operational start was announced during a press
September 30, 2024 | BY Tony Wong
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Sam stresses ‘crucial’ need for expansion of LRT system
The sole candidate for Macau’s sixth-term chief executive, Sam Hou Fai, underlines in his election manifesto the importance of the continuous enhancement of the public transport system in the next five years and, in responding to a reporter’s question on Saturday about the viability of legalising online ride-hailing services in the future, he stressed the “crucial” need for the expansion of Macau’s Light Rapid Transit (LRT) system, saying that after the start of operations of the LRT
September 30, 2024 | BY Yuki Lei
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Macau offers free bus, LRT rides to celebrate ‘double happiness’
National Day on October 1 falls on Tuesday this year, and in celebration of the “double happiness” event, free bus travel is being offered to residents and visitors tomorrow and free LRT rides today and tomorrow.The city’s two bus operators announced on their respective websites on Friday that with the approval of the Macau government, the two bus operators have jointly launched a special bus arrangement to celebrate the 75th anniversary of the founding of the People’s Republic of China
September 30, 2024 | BY Yuki Lei
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Uphold global vision to resolve Ukraine crisis
China Daily Editorial        Foreign Minister Wang Yi made China’s pro-peace stance on the Russia-Ukraine conflict unequivocally clear through a series of bilateral and multilateral meetings he held with foreign leaders and officials on the sidelines of the 79th session of the United Nations General Assembly in New York over the past week.In the meetings, the foreign leaders and officials of other peace-loving countries not only supported Beijing’s stance but also
September 30, 2024 | BY admin
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Anti-China hysteria could prove self-defeating for US
Commentary        BEIJING – “True nobility is being superior to your former self.” This famous quote from Ernest Hemingway might serve as a wake-up call and precious advice for politicians in Washington today.Fervent anti-China rhetoric was highlighted by the so-called “China Week” in the US Congress earlier this month. House of Representatives lawmakers oversaw the mass passage of 25 bills, targeting Chinese biotechnology, drones, electric vehicles, batteries and
September 30, 2024 | BY admin
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Macau residents’ jobless rate remains at 2.3 pct in June-Aug
Macau’s general jobless rate and local residents’ unemployment for the June-August period continued to remain at 1.7 percent and 2.3 percent respectively, the Statistics and Census Bureau (DSEC) has announced.According to a DSEC statement on Friday, both indicators stayed the same as in the previous period (May-July), but decreased by 0.1 percentage point when compared with the same period (June-August) in pre-pandemic 2019. Meanwhile, the underemployment rate stood at 1.2 percent, down by
September 29, 2024 | BY admin
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Jan-Aug imports fall 9.5 pct to 84.7 billion patacas
    Macau's imports in the first eight months of the year decreased by 9.5 percent year on year to 84.73 billion patacas, the Statistics and Census Bureau (DSEC) has announced.   According to a DSEC statement on Thursday, food-and-beverage imports dropped by 12.6 percent to 14.22 billion patacas. Food and beverages accounted for 15.2 percent of all imports between January and August, making up Macau's main import segment.    Gold jewellery imports fell
September 28, 2024 | BY admin
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Macau, East Timor capital Dili ink twinning pact
       Macau and Dili, the capital city of East Timor, have signed a twinning agreement, the local government has announced.     According to a statement by the Macau Government Information Bureau (GCS) yesterday, a memorandum of understanding on setting up the sister-city ties was signed by Macau Special Administrative Region (MSAR) Chief Executive Ho Iat Seng and visiting Minister of State Administration of Timor-Leste Tomas do Rosario Cabral at the MSAR
September 28, 2024 | BY admin
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CE candidate Sam Hou Fai vows to enhance national security legislation, mulls setting up public funds to propel economic diversification
       Macau chief executive candidate Sam Hou Fai has vowed today to enhance Macau's national security legislation and its enforcement, as well as to consider the setting up public funds to stimulate the appropriate diversification of the special administrative region's economy, which continues to be dominated by the gaming industry.      Sam made the remarks during an about three-hour presentation and question-and-answer session about his
September 28, 2024 | BY admin
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Green development cooperation promises win-win outcomes for Portuguese and Chinese companies: Portuguese ambassador to China
Global Times Exclusive Interview Global Times Editor's Note:China and Portugal enjoy an ever-deepening comprehensive strategic partnership. As this year marks the 45th anniversary of diplomatic relations between the two countries, Portugal was among a group of countries that set up an independent booth for the first time at the 2024 China International Fair for Trade in Services (CIFTIS) in Beijing, seeking opportunities to deepen bilateral trade in services. The Global Times (GT)
September 27, 2024 | BY admin
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People's Bank of China cuts standing lending facility interest rates
    BEIJING - China's central bank has reduced today the standing lending facility (SLF) interest rates by 20 basis points from the July levels.   The overnight, seven-day and one-month rates were lowered to 2.35 percent, 2.5 percent and 2.85 percent, the People's Bank of China (PBOC) announced.   The SLF, introduced by the central bank early in 2013, serves as a channel to meet the liquidity needs of financial institutions. These institutions can take out
September 27, 2024 | BY admin
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