Macao Water profit rises 20 pct, investment up 256 pct

Macau’s water utility SAAM – commercially known as Macao Water – reported yesterday an after-tax profit of 77.5 million patacas for last year, a year-on-year increase of about 20 percent.According to a statement by the water supply concessionaire, 50.6 million patacas was profit generated by its major business of supplying tap water, a year-on-year decrease of 3.3 percent.The utility’s total investment stood at 233 million patacas last year, up 256 percent from the 65.4 million patacas

March 28, 2018 | BY admin

Comment: 0

Liaison chief calls for Macau to acknowledge CPC leadership

Central People’s Government Liaison Office in Macau Director Zheng Xiaosong yesterday urged Macau residents to respect and acknowledge the leadership held by the Communist Party of China (CPC) over the nation.Zheng made the remarks while delivering a speech during a seminar which assessed the “spirit” that emanated from the recently-completed “two sessions” (“liang hui”) – the annual sessions of the National People’s Congress (NPC) and the National Committee of the Chinese

March 27, 2018 | BY admin

Comment: 0

Police nab phone scam mastermind from Taiwan

The police have arrested a suspect from Taiwan behind at least 16 phone scams last year involving about one millions patacas, Judiciary Police (PJ) spokesman Ho Chan Nam said during a special press conference yesterday.Ho identified the suspect as a 38-year-old man surnamed Lu, a salesperson.According to Ho, last year the police received phone scam reports from three local residents between July and August. They had received phone calls in which the person on the line claimed to be a police

March 27, 2018 | BY admin

Comment: 0

Police alert public of ‘Papua New Guinea’ calls

The police have received many reports recently about locals receiving phone calls from “Papua New Guinea”, or with that country’s international direct dialling (IDD) code of “+675”, the Judiciary Police (PJ) said in a statement yesterday.The statement urged the public to be wary of phone calls with the code “00” or “+”, since the suspects in previous phone scams in Macau managed to alter the display of a number with malicious software. The statement also asked the public not

March 27, 2018 | BY admin

Comment: 0

Police probe pawnshop robbery

The Judiciary Police (PJ) are investigating a pawnshop hold-up in Nam Van that occurred in the early hours of yesterday in which about HK$300,000 in cash was taken, according to a PJ statement yesterday.The pawnshop is located behind Grand Lisboa Hotel.During a regular press conference yesterday, PJ spokesman Ho Chan Nam said that a Putonghua-speaking man went into the pawnshop at around 2:30 a.m. yesterday, telling a staff member that he wanted to exchange yuan into Hong Kong dollars and buy a

March 27, 2018 | BY admin

Comment: 0

SJM gives staff pay rise of up to 8.3 pct

Gaming operator SJM will give a salary increase of between 2.5 and 8.3 percent to eligible staff, effective from April 1, the company said in a statement yesterday.According to the statement, all eligible employees whose monthly salaries are below 16,000 patacas will have a 600-pataca rise, representing increases of up to 8.3 percent; while employees earning monthly salaries of 16,000 patacas or above will receive salary increases of 2.5 percent.The statement also said that the Grand Lisboa

March 27, 2018 | BY admin

Comment: 0

TIS celebrates its 15th anniversary

The International School of Macao (TIS), which was established in 2002, celebrated its 15th anniversary yesterday on its campus in Taipa.Head of School Howard Stribbell said in his speech that TIS has grown from having a mere 58 pupils in the beginning to over 1,200 pupils today while 100 percent of the graduates have received offers from universities worldwide.According to TIS, its pupils are from around 40 different counties or regions, ranging from pre-kindergarten to Grade 12.Pupils of The

March 27, 2018 | BY admin

Comment: 0

Labuan Bajo chief wants Macau investors

Originally a small fishing village, the town of Labuan Bajo has become internationally known as the launching point to the world-famous Komodo National Park, but the so-called “new Bali” and the remaining areas of West Manggarai Regency are still rather underdeveloped, and the regent is urging foreign investors – including from Macau – to help with the development.“Of course we want to have investors from Macau too,” West Manggarai’s regent Agustinus Christoforus Dula told The

March 27, 2018 | BY admin

Comment: 0

Galaxy’s purchase of Wynn shares is legal: official

Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan said yesterday that Galaxy Entertainment Group’s purchase last week of a 4.9 percent stake in Wynn Resorts, the majority shareholder of Wynn Macau, doesn’t violate the law regulating the local gaming industry.Chan made the remarks while speaking to reporters on the sidelines of a charity run yesterday on the campus of the University of Macau (UM) on Hengqin Island.New York-listed Wynn Resorts announced last week

March 26, 2018 | BY admin

Comment: 0

Boy playing with lighter sets home on fire: police

The Judiciary Police (PJ) suspect that a fire in a residential unit in Areia Preta yesterday morning was caused by a boy playing with a lighter, according to a PJ statement yesterday.According to the statement, a woman in the flat had one of her hands burnt in the fire in Mei Lin Building in Avenida Leste do Hipódromo. The four-year-old boy was not injured.According to the statement, the Fire Services Bureau (CB) received a report at around 9:30 a.m. yesterday that a fire had broken out in the

March 26, 2018 | BY admin

Comment: 0

BNU seeks 62.9 million pataca debt from Malo Clinic: report

Local Portuguese lender BNU has requested a court in Lisbon to enforce payment of a 6.3 million euros (62.9 million pataca) debt from Maló Clinic, Radio Macau reported yesterday, quoting a report by Portugal’s Expresso weekly newspaper.The request was submitted to the court last week.The clinic is owned by prominent Portuguese dentist and health care entrepreneur Paulo Maló. PLEASE READ THE FULL ARTICLE IN OUR PRINT EDITION.

March 26, 2018 | BY admin

Comment: 0

Procedures for ‘localising’ national anthem law complete in April-May: Chan

Secretary for Administration and Justice Sonia Chan Hoi Fan has said that the government aims to complete its internal legislative procedures for amending the existing local law on the use and protection of the national anthem in April or May.Chan made the remarks while speaking to reporters on Friday at the Macau Basic Law Commemorative Gallery in Zape on the sidelines of a ceremony marking the fifth anniversary of the establishment of the gallery located next to the Macau Forum

March 26, 2018 | BY admin

Comment: 0

Nevada regulator to probe Galaxy After Wynn deal

LAS VEGAS – The Nevada Gaming Control Board will look into Galaxy Entertainment Group (GEG) after the Hong Kong-listed casino company’s purchase of a stake in Wynn Resorts.“As is its ordinary course, the Nevada Gaming Control Board engages in a due diligence process for any shareholder approaching a reporting requirement,” Becky Harris, the board’s chairwoman, said on Friday in a statement.Individuals owning more than 10 percent of a casino must meet suitability requirements in the US

March 26, 2018 | BY admin

Comment: 0

Pansy Ho says MGM using art to bring world to China

MGM Co-chairperson and Executive Director of MGM China Holdings Pansy Ho Chiu-king said yesterday that she is using art in her casino resorts to bring the world to China and vice versa.Ho made the remarks in a speech at the opening of the “Explore Spectacular” art symposium at MGM Cotai, which attracted about 200 attendees from local and regional artists and art enthusiasts.Ho said that while art has different meanings for different people, everyone would agree that art transcends all

March 26, 2018 | BY admin

Comment: 0