COOPERATION

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Record stock streak enriches Galaxy boss by US$12 billion
HONG KONG – Galaxy, Macau’s top casino operator is on a record winning streak as the effects of a mainland Chinese anti-graft campaign fade – and that’s enriching its owner to the tune of US$12 billion.Galaxy Entertainment Group has jumped about 200 percent during a seven-quarter winning streak, placing it among the top four performers on Hong Kong’s Hang Seng Index. Analysts are bullish, with 24 saying buy and not a single sell rating, while their consensus target price implies a
March 30, 2018
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Man steals gambler’s chips, loses all in 1 bet: police
A man from the mainland was arrested on Wednesday for stealing a gambler’s chips in a casino in Cotai, Judiciary Police (PJ) spokesman Ho Chan Nam said yesterday during a regular press conference.According to Ho, the 38-year-old suspect is surnamed Shen, while the victim is a man in his fifties.Ho said that on Tuesday night the victim was gambling in the casino. He left chips worth HK$40,000 on the gaming table and went to another table nearby. Spotting the victim had left his chips
March 30, 2018 | BY admin
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Councillors delay discussion on Cheoc Van Garden hotel project
The Urban Planning Council (CPU) yesterday decided to postpone its discussion about a redevelopment project on a plot at Cheoc Van Garden – a complex of villas in Coloane. The owner of the property of the plot – an abandoned building – is asking to convert it into a budget hotel.Yesterday’s regular meeting of the council, held at the Transport Bureau (DSAT) Building, included a discussion about the proposed legal development conditions for the plot on which the abandoned building is
March 30, 2018 | BY admin
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Man nabbed for illegal entry & stealing friend’s money: police
The police arrested this week a male mainlander for illegal entry into Macau earlier this year and stealing a friend’s money in 2015, Judiciary Police (PJ) spokesman Ho Chan Nam said during a regular press conference in Zape yesterday.Ho identified the suspect as a 51-year-old man surnamed Wang, who claimed to be unemployed. The victim is a female mainlander whose details were not revealed.According to Ho, Wang and the victim got to know each other in Macau. On December 26, 2015, the victim
March 30, 2018 | BY admin
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Govt needs to tackle Galaxy-Wynn deal seriously: Chow
Outspoken businessman David Chow Kam Fai, co-chairman of Macau Legend Development, said yesterday that the government needed to take Wynn Resorts’ recent transfer of shares to Galaxy Entertainment Group very seriously. He also said that the situation could result in unfairness for the upcoming bidding process for gaming concessions.Chow, a member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), made the remarks while speaking to reporters after
March 30, 2018 | BY admin
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Lusophone flair to spice up weekend night market
The weekly night market around the Inner Harbour area’s Hong Kung Temple and along Rua de Cinco de Outubro will be amped up this weekend with food, craft workshops and performances from the Portuguese-speaking world.The Hong Kung Night Market, held every weekend, has been livening up the sleepy neighbourhood for a few years now and has gained popularity because besides the usual fish ball and grilled food hawkers, visitors can find some classic Macau snacks such as maltose crackers that are
March 30, 2018 | BY admin
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Foie gras for afternoon tea?
It’s the long Easter weekend, and although it’s not as big a deal as Christmas is here in terms of festivities and activities, it’s nevertheless a celebration and there’s food for every occasion.There are only a few places in Macau that are in the Easter spirit, and Brasserie at The Parisian is one of them that has some Easter specials for friends and family gathering for meals over the long weekend.As it’s a French restaurant, even its afternoon tea is à la française. Its Easter
March 30, 2018 | BY admin
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Spring special: Jade de Jardin presents Jiangsu, Zhejiang cuisines
Jade de Jardin restaurant at StarWorld Hotel is known for its authentic Shanghainese fare so for spring it is introducing Jiangsu and Zhejiang dishes as part of the hotel’s ‘Eight Great Cuisines’ culinary programme.The programme aims to take patrons on a culinary journey with flavours from eight great Chinese regions: Anhui, Fujian, Guangdong, Hunan, Jiangsu, Shandong, Sichuan and Zhejiang.At Jade de Jardin, the traditional dishes from Jiangsu and Zhejiang provinces are being served now
March 30, 2018 | BY admin
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CTM to start testing 5G by year end
CTM CEO Vandy Poon Fuk Hei said yesterday that his company would start tests on its 5G network by the end of this year, and that it would be able to launch 5G at the same pace as the mainland and Hong Kong.Poon made the announcement in a speech at the company’s annual media dinner, this year held at Galaxy’s JW Marriott, where he also said that the company’s profit last year was 881 million patacas, 19 percent down from 2016.“The decrease of 19 percent reflected the pressure of multiple
March 29, 2018 | BY admin
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AgBank opens branch in Macau
The state-owned Agricultural Bank of China (AgBank or ABC), one of the nation’s “Big Four” banks as well as one of the largest banks in the world, opened a branch in Macau yesterday.The local branch is located at FIT in Avenida Doutor Mario Soares.The “Big Four” state-owned commercial banks are the Agricultural Bank of China, Bank of China (BOC), China Construction Bank (CCB), and Industrial and Commercial Bank of China (ICBC).Agricultural Bank of China (ABC) Executive Vice President
March 29, 2018 | BY admin
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Scholars highlight potential of financial sector
Macau University of Science and Technology (MUST) Vice President and Dean of School of Business Lin Zhijun said yesterday that as Macau’s economy has entered a bottleneck and sustainable development remains a challenge for its main industries, the city needed to search for new economic stimulants, such as by developing its “special features” financial industry.Lin made the remarks while giving the opening speech during a one-day seminar about the special features of Macau’s financial
March 29, 2018 | BY admin
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Liaison chief urges lawmakers to love country & Macau
Central People’s Government Liaison Office in Macau Director Zheng Xiaosong has urged local lawmakers to always stick to their political stance of loving the country and Macau.The office said in a statement yesterday that Zheng made the remarks during a Spring Festival dinner with the city’s lawmakers at the San Chok Un Guesthouse (“New Bamboo Mansion”) on Penha Hill on Tuesday night.According to the statement, 29 lawmakers, including Legislative Assembly (AL) President Ho Iat Seng,
March 29, 2018 | BY admin
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Wife hires husband to work illegally: police
The police have questioned a woman, who hired her husband to work without a work permit, and her husband for working illegally and riding a scooter without a valid driving licence, Public Security Police (PSP) spokesman Lam Keong said yesterday during a regular press conference in Zape.According to Lam, the two suspects, both from the mainland, are surnamed Lin, and aged 49. The wife is the owner of a local restaurant.Lam said police officers on Monday saw the male suspect riding a scooter the
March 29, 2018 | BY admin
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CEM profit rise 6.3 pct to 793 million patacas in 2017
Macau’s electricity utility CEM announced yesterday a net profit of 793 million patacas for last year, a year-on-year increase of 6.3 percent.According to a statement issued after yesterday’s annual general meeting of the company, the city’s total electricity consumption reached 5,377 GWh last year, up 2.3 percent year on year.The statement pointed out that the local electricity generation cost was “still more competitive than that of electricity imported from the mainland,” adding
March 29, 2018 | BY admin
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Man tries to change HK$300,000 with play money: police
A man from the mainland was arrested on Tuesday for trying to scam a money changer with play money in Cotai, Judiciary Police (PJ) spokesman Ho Chan Nam said during a special press conference in Zape yesterday.Ho said that the suspect surnamed Huang, 25, works in a hotel while the victim is a money changer who is also from the mainland.According to Ho, Huang told the victim that he wanted to exchange HK$300,000 on Monday morning in a resort-hotel in Cotai. The victim agreed to give Huang
March 29, 2018 | BY admin
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