2018 GDP growth slows to 4.7 pct

Growth in Macau’s gross domestic product (GDP) slowed to 4.7 percent year-on-year in real terms last year, the Statistics and Census Bureau (DSEC) announced yesterday. A DSEC statement noted that last year’s “pace of [GDP] growth slowed notably”.The bureau said that exports of services and private consumption expenditure were the main drivers of economic growth. PLEASE READ THE FULL ARTICLE IN OUR PRINT EDITION.

March 1, 2019 | BY admin

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SJM 2018 profit rises 45 pct to HK$2.8 billion

Hong Kong-listed SJM Holdings’ net profit rose by 45.2 percent year-on-year to HK$2.85 billion patacas last year, the gaming company said yesterday. Net gaming revenue earned by SJM, a subsidiary of SJM Holdings, increased by 8.3 percent to HK$33.67 billion patacas. Adjusted EBITDA of SJM Holdings and his subsidiaries was HK$3.72 billion, an increase of 21.1 percent from 2017. PLEASE READ THE FULL ARTICLE IN OUR PRINT EDITION.

March 1, 2019 | BY admin

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PwC urges Macau to utilise its platform role for GBA development

PricewaterhouseCoopers (PwC) Macau Office Lead Partner Grace Cheung Pui Peng said yesterday that Macau should utilise its advantage as a business service platform for economic and trade relations between China and Portuguese-speaking countries for the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).Cheung made the remarks during a video conference organised by the multinational professional services firm. PwC representatives from the four major GBA cities of Macau,

March 1, 2019 | BY admin

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New shows for whole family at Cultural Centre

After the festive months with celebrations to welcome 2019 and the Year of the Pig, things are back to normal, and a new cycle begins.There are several exciting new shows taking place in town, and three – ranging from classical music and contemporary dance to top-notch drama – are to be staged at the Macau Cultural Centre (CCM) later this month and next month for the whole family to enjoy, as the centre marks its 20th anniversary.The three performances are “The Cleveland Orchestra”

March 1, 2019 | BY admin

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Octogenarian dies in fire

A flat in the Van Sion Son Chun residential estate in Fai Chi Kei was on fire last night and a man in his eighties living in the flat had no heartbeat when he was rescued by firemen, the Fire Services Bureau (CB) said, while the Social Welfare Bureau (IAS) confirmed in a statement early this morning that the man had died.The fire broke out at around 9 p.m. yesterday in the flat on the 23rd floor of Block B of Van Sion Son Chun in Avenida Marginal do Lam Mau, the Fire Services Bureau said.The

February 28, 2019 | BY admin

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Science fund grants 260 million patacas in 2018

The government’s Science and Technology Development Fund (FDCT) approved 510 projects last year, involving 260 million patacas in financial support, FDCT President Frederico Ma Chi Ngai announced yesterday. Ma announced the figures during a press conference on the premises of the Government Information Bureau (GCS) about the fund’s activities last year. According to Ma, the 510 projects were selected from 639 applications for financial support. PLEASE READ THE FULL ARTICLE IN OUR PRINT

February 28, 2019 | BY admin

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Govt sets up MSAR anniversary working group

The government has set up an interdepartmental working group to support the preparations for celebrating the 20th anniversary of the establishment of the Macau Special Administrative Region (MSAR), according to an executive order published in the Official Gazette (BI) yesterday. The order, signed by Chief Executive Fernando Chui Sai On, underlines that the anniversary celebrations require “special commitment and involvement” from various government entities that will need to closely

February 28, 2019 | BY admin

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Worker hit by excavator on construction site

A 37-year-old non-resident worker was hit by an excavator on a construction site in Cotai yesterday, the Fire Services Bureau (CB) said in a statement.The statement did not identify the construction site where the accident happened.The male worker was reportedly hit when he was walking behind the excavator which was moving backwards. His workmates called the emergency services which rushed the victim to the public Conde de São Januário Hospital Centre for emergency treatment.No information on

February 28, 2019 | BY admin

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3rd imported dengue case confirmed this year: govt

The Health Bureau (SSM) said in a statement yesterday that it has confirmed this year’s third imported case of dengue fever.The patient is a Filipino.According to the statement, the patient, a 34-year-old, lives in Estrada Nordeste da Taipa and works near Estrada da Baía de Nossa Senhora da Esperança in Taipa.PLEASE READ THE FULL ARTICLE IN OUR PRINT EDITION.

February 28, 2019 | BY admin

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Illegal casino money changer scams peer out of HK$200,000: police

The Judiciary Police (PJ) arrested an illegal money changer from the mainland at the Barrier Gate checkpoint on Tuesday for cheating a peer out of HK$200,000, Judiciary Police (PJ) spokesman Leng Kam Lon said in a regular press conference yesterday.Leng identified the suspect as a 30-year-old surnamed Sun who told the police that he is unemployed. The victim is a female mainlander who also works as an illegal money changer in Macau. Judiciary Police (PJ) spokesman Leng Kam Lon (left)

February 28, 2019 | BY admin

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Leaseholder relinquishes plot for Ka Ho Reservoir expansion

The government announced yesterday that the leaseholder of a plot of land in Ka Ho in Coloane has relinquished five areas on the plot, the concession of which was granted to the leaseholder in 1993 for a tourism and leisure resort project, to make way for the government to expand the Ka Ho Reservoir.Secretary for Transport and Public Works Raimundo do Rosario made the announcement in an executive order published in the Official Gazette (BO) yesterday.According to yesterday’s executive order,

February 28, 2019 | BY admin

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Retail sales rise 15.9 pct in 2018

Macau’s total value of retail sales rose by 15.9 percent year-on-year to 76.8 billion patacas last year, the Statistics and Census Bureau (DSEC) announced yesterday.Watches and jewellery (16.16 billion patacas), goods in department stores (12.32 billion patacas) and adults’ clothing (10.14 billion patacas) accounted for 21 percent, 16 percent and 13.2 percent of the total sales respectively.Major retail segments recorded year-on-year growth last year, with significant increases in the sales

February 28, 2019 | BY admin

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Locals’ jobless rate stays unchanged at 2.4 pct

The officially estimated unemployment rate of local residents stood at 2.4 percent in the November 2017-January 2018 employment survey period, unchanged from the October-December 2017 survey period, the Statistics and Census Bureau (DSEC) announced yesterday.According to the DSEC statement, Macau’s general unemployment rate – which comprises locals and non-resident workers – amounted to 1.7 percent in the November 2017-January 2018 survey period, down by 0.1 percent from the previous

February 28, 2019 | BY admin

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Indonesian impersonates immigration officer, cheating Filipina out of 14,000 patacas: police

A male non-resident worker from Indonesia has been arrested for impersonating a local immigration officer and cheating a Filipina out of 14,000 patacas by claiming that he could help her get a work permit in Macau, Public Police Security Force (PSP) spokesman Lam Keong said during a regular press conference yesterday.Lam identified the suspect as a 23-year-old non-resident worker surnamed Febriyanto who works in a local spa. The surname of the victim was not released. Febriyanto used two fake

February 28, 2019 | BY admin

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