COOPERATION
Residential rentals to drop further this year: JLL
The rental values of residences, office and retail space all experienced year-on-year decreases last year, according to data collected by Jones Lang LaSalle (JLL), forecasting that the rental values this year will continue to fall up to 15 percent.JLL Macau, the local office of the global real estate services firm, held a press conference yesterday about its year-end property review of Macau in 2016 at its office in Finance and IT Centre (FIT) in Nam Van.According to the agency’s data, the
January 19, 2017 | BY admin
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Overnight exceed same-day visitors last year: MGTO
Macau Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes said yesterday that the number of overnight visitors last year outnumbered same-day visitors for the first time in 10 years, a year-on-year increase of nearly 10 percent.Senna Fernandes made the remarks during a press conference at Macau Tower about last year’s tourism development and this year’s plans for the sector.Senna Fernandes said that the total number of overnight visitors last year exceeded 15.7
January 19, 2017 | BY admin
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Police suspect family suicide in Cotai hotel
The Judiciary Police (PJ) said yesterday they suspected that an Indian family of four were involved in a suicide pact in a hotel room in Cotai, in which two of them were found to have died at the scene while the other two were rushed to the public Conde de Sao Januario Hospital Centre (CHCSJ) for emergency treatment.In a statement, the Judiciary Police identified the two people who died as a 52-year-old man and the couple’s 24-year-old son, and the two people who survived as his 45-year-old
January 19, 2017 | BY admin
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Firemen record over 1,000 blazes last year
The Fire Services Bureau (CB) announced yesterday it recorded 1,074 fires last year, 4 percent more than in the previous year.Lam Io Fan, a senior officer of the bureau, announced the 2016 fire statistics during a press conference at the CB headquarters in Nam Van.According to Lam, the fires were mainly caused by people forgetting to turn off their stoves, 245 cases in total. Burning joss papers and negligence, such as fires caused by carelessly disposing of lit cigarette ends, were also some
January 19, 2017 | BY admin
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BNU opens Hengqin branch
Macau-based Banco Nacional Ultramarino (BNU) officially inaugurated its Hengqin branch, becoming Macau’s first locally incorporated bank to open a branch in the mainland.A BNU statement quoted the bank’s CEO Pedro Cardoso as saying during the inauguration ceremony that “the Hengqin branch is a milestone in expanding our financial services to Guangdong province. We are committed to providing high-quality financial services such as traditional deposit and loan services, foreign exchange
January 19, 2017 | BY admin
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Activists complain about ‘nepotism’ to prosecutors
The grassroots New Macau Association (NMA) complained yesterday about Secretary for Administration and Justice Sonia Chan Hoi Fan and her predecessor, Florinda da Rosa Silva Chan, to the Public Prosecution Office (MP) for alleged nepotism.Sonia Chan Hoi Fan and Florinda da Rosa Silva Chan are not related.Former Prosecutor General Ho Chio Meng disclosed the alleged nepotism during his ongoing trial for alleged corruption in the Court of Final Appeal (TUI) last month.Ho said Sonia Chan and
January 19, 2017 | BY admin
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Macau airport operator vows further expansion
Local airport operator CAM said yesterday that it would push ahead with developing more facilities at the airport, to cope with the rising number of passengers for the next two decades.The company hosted a press conference yesterday about its future infrastructure development plan, at Grand Hyatt Hotel in Cotai.The Civil Aviation Authority of Macau (AACM) on Monday released the revised version of a development plan for the airport for the next 20 years.Vicki Mou In Lai, who heads the Corporate
January 19, 2017 | BY admin
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Local banks to launch mobile payment
Seven local banks will link-up with Joint Electronic Teller Services Limited (JETCO) to provide a mobile peer-to-peer (P2P) fund transfer service to bank account holders in Macau in the second half of this year, JETCO Chief Executive Officer Angus Choi Ping Chung said yesterday.According to a JETCO statement, the company was established in 1982. It has more than 30 member banks in Hong Kong and Macau. JETCO has three core businesses: local and cross-region ATM services, an e-commerce platform
January 18, 2017 | BY admin
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Lawmakers pass Soares condolence motion
Lawmakers yesterday passed a motion by lawmaker-cum-unionist Jose Pereira Coutinho to express the legislature’s deep sorrow over the demise of former Portuguese president Mário Soares who passed away in Lisbon on January 7, aged 92.According to the Legislative Assembly Procedure Rules, lawmakers can present a motion to “express a wish”. Article 50 of the rules says that the “wishes” a lawmaker can express concern congratulations, condolences, greetings, praise, objection and
January 18, 2017 | BY admin
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Leong pledges more info on public projects
Secretary for Economy and Finance Lionel Leong Vai Tac told the legislature yesterday that the government would strive to be more transparent about the way it reveals information on public projects to the legislature.The legislature yesterday passed a report on an in-depth review drafted by the 3rd Standing Committee, regarding the government’s 2015 budget implementation.Leong made the remarks during yesterday’s plenary session which discussed the report drafted by the committee, which was
January 18, 2017 | BY admin
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Panda twins & parents to meet public during Chinese New Year
Macau’s giant panda twins Kin Kin and Hong Hong will meet the public for the first time with their parents, Hoi Hoi and Sam Sam, during the Chinese New Year holiday, the Civic and Municipal Affairs Bureau (IACM) said yesterday.Kin Kin and Hong Hong, the male twins’ names in Cantonese, mean “healthy” when combined as “kin hong”. They are the giant pandas naturally conceived and born at the Giant Panda Pavilion in Coloane on June 26 last year, the first giant pandas ever born in
January 18, 2017 | BY admin
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Square metre price rises 32 pct
The average residential property price per square metre rose 32.1 percent year-on-year to 103,805 patacas last month, the Finance Services Bureau (DSF) announced yesterday. Month-on-month, the price rose 14.7 percent.Residential property in Taipa recorded the city’s highest price, at 116,110 patacas per square metre. The price stood at 106,143 patacas per square metre in Coloane and at 84,938 per square metre in the peninsula.A total of 1,211 units changed hands last month, 67 more than in
January 18, 2017 | BY admin
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MGM delays opening in Cotai
MGM China Holdings said in a statement yesterday that MGM COTAI, which was originally scheduled to open by the end of last year, is “now expected to open during the second half of 2017.”The statement to the Hong Kong Stock Exchange said that “given the complexity of the design of MGM COTAI and the company’s commitment to a successful opening that reflects the demands of the current market, the expected opening of MGM COTAI will be adjusted from the second quarter of 2017 to the second
January 18, 2017 | BY admin
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2 casino operators grant bonuses
Gaming operators Melco Crown Entertainment (MCE) and MGM announced yesterday bonuses for their non-managerial staff.MCE said in a statement that the one-month discretionary bonus for its non-management staff would be paid out before Chinese New Year, which falls on January 28.MCE Chairman and CEO Lawrence Ho Yau-lung said in the statement that the company had accomplished many good results last year due to the support of its staff, adding that with a “refined management structure” allowing
January 18, 2017 | BY admin
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