Sands China named pace-setter in Business Sustainability Indices

Gaming resort operator Sands China said in a statement this week said that it was recognised by the Chinese University of Hong Kong’s (CUHK) Business Sustainability Indices (BSI), earning rankings in four of its indices.The CUHK Business School launched the BSI in 2015 to “promote business practices that contribute to a positive social and environmental impact”. The BSI examined the sustainability performance of 285 companies across 12 industries “based on their Environmental, Social,

November 4, 2022 | BY Rui Pastorin

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Longines announces Jennifer Lawrence as ‘Ambassador of Elegance’

Swiss luxury watchmaker Longines announced in a recent statement that Academy Award-winning US actress Jennifer Lawrence has joined the luxury brand as its newest “Ambassador of Elegance”.Lawrence has amassed a body of work, such as “The Hunger Games” in 2012, that garnered an Academy Award and three additional Oscar nominations, a BAFTA, two Screen Actors Guild Awards, and three Golden Globes, the statement pointed out, adding that Lawrence has also appeared on Time Magazine’s list

November 4, 2022 | BY Yuki Lei

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CIIE boosts China’s high-standard opening up

Analysis        SHANGHAI – Andreas Thorud is putting the finishing touches to a seafood-themed booth at the 5th China International Import Expo (CIIE), taking place from tomorrow to next Thursday in the nation’s economic hub Shanghai.“We are very happy and excited to be part of this fifth edition of the CIIE,” said Thorud from the Norwegian Seafood Council, a first-time CIIE exhibitor.According to Thorud, eight Norwegian companies, led by the council, will be joining

November 4, 2022 | BY admin

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China’s development is an inspiration for the world

Analysis by Xinhua writers Xu Feng, Du Juan        LONDON – China’s development achieved through meticulous planning and diligence has raised the living standards of its people and inspired the rest of the world, a panel of British experts on China says.In a fragmented world with “declining economic globalization,” China is providing much-needed “stability, predictability and credibility,” they concurred at a symposium earlier this week hosted by the Chinese

November 4, 2022 | BY admin

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Melco operating revenues drop 46 pct in 3Q

Gaming operator Melco Resorts & Entertainment Limited, which runs casinos in Macau, Manila and Cyprus, said in a statement today that its total operating revenues for the third quarter amounted to US$241.8 million, a 46-percent decline year on year. According to the statement, the decrease "was primarily attributable to the government-mandated temporary closure of our casinos in Macau [for 12 days] in July and heightened travel restrictions in Macau and mainland Chin related to

November 3, 2022 | BY admin

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MGM China revenue falls 37 pct in 3Q

Macau gaming resort operator MGM China Holdings Limited announced today that its total revenue fell from HK$1.1 billion in the second quarter to HK$687 million in the third quarter, a decrease of around 37 percent. According to a statement released on the website of the Hong Kong Stock Exchange, the company recorded negative adjusted Ebitda of HK$536 million in the third quarter, compared to HK$382 million in the previous quarter. MGM China said that among Macau's six rival gaming

November 3, 2022 | BY admin

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Macau Monetary Authority raises Base Rate of the Discount Window to 4.25 pct

The Macau Monetary Authority (AMCM) raised its Base Rate of the Discount Window this morning by 75 basis points to 4.25 percent. As Macau's pataca is pegged to the Hong Kong dollar, the movements of policy rates in Hong Kong and Macau "should be basically consistent in order to maintain the effective operation of the linked exchange rate system," Macau's de facto central bank said in a statement. Hence, the statement noted, the AMCM followed the Hong Kong Monetary Authority

November 3, 2022 | BY admin

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All storm warning signals lowered - Tropical Storm Nalgae spares Macau

Macau's Meteorological and Geophysical Bureau (SMG) lowered all its storm warning signals at 8:30 a.m. today, as Tropical Cyclone Nalgae moved away from Macau and weakened into a tropical depression. It made landfall west of Macau over Zhuhai. Tropical Cyclone Signal No.8 was lowered to No.3 at 7 a.m. Signal No.8 had been hoisted at 9:30 p.m. yesterday. Meteorologists in Hong Kong noted that the hoisting of Signal No.8 is rare in November, pointing out that it was the first signal of its

November 3, 2022 | BY admin

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Macau hoists Tropical Cyclone Signal No. 8

Macau's observatory hoisted Tropical Cyclone Signal No. 8 at 9:30 p.m. today.According to a statement by the Macau Meteorological and Geophysical Bureau (SMG), at 9 p.m. Tropical Storm Nalgae was located 120 km southeast of Macau, moving towards the west of the Pearl River Delta. "This means that the tropical cyclone continues to approach Macao. Winds with sustained speed of 63 to 117 km/h are expected or blowing and gusts may exceed 180 km/h in Macau," the weather station

November 2, 2022 | BY admin

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Macau to hold 2nd round of mandatory COVID-19 mass tests on Friday & Saturday

Macau will hold another round of mandatory citywide COVID-19 tests on Friday and Saturday, the Health Bureau (SSM) announced in a press conference this afternoon.According to Novel Coronavirus Response and Coordination Centre official Leong Iek Hou, the mandatory nucleic acid tests (NATs) for all people in Macau, except babies under the age of one, will be carried out at 70 testing stations on Friday between 7:00 a.m. and 12:00 a.m. and on Saturday between 7 a.m. and 6 p.m. Leong said the

November 2, 2022 | BY admin

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3 more days of self-tests for all, another mass testing likely: health chief

The Macau government yesterday announced the continuation of mandatory COVID-19 rapid antigen tests (RATs), aka self-tests, for everyone in Macau for three more days from today, as it has concluded that the case of a 58-year-old local man who works in a fresh seafood shop in the Inner Harbour area, which was announced on Monday, has resulted in a relatively high risk of the novel coronavirus having spread in the community.Health Bureau (SSM) Director Alvis Lo Iek Long made the announcement

November 2, 2022 | BY Tony Wong

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All Souls’ Day holiday

Due to it being the All Souls’ Day (追思節) public holiday today, most of our team members will be taking the day off so that the print edition of your favourite newspaper will only be published again on Friday morning. However, our digital edition on our website https://www.macaupostdaily.com/ will be updated round-the-clock. Our local news and editorials as well as commentary by national media organisations are also available on various LinkedIn, Twitter and Facebook accounts.We wish all

November 2, 2022 | BY admin

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‘Medium to relatively high’ probability of Signal No.8 today

The Meteorological and Geophysical Bureau (SMG) said in a statement early this morning that the probability of hoisting Typhoon Signal No.8 was “medium to relatively high” as Severe Tropical Storm “Nalgae” was moving northwards and coming closer Macau, and that it was expected to pass within 100 kilometres southwest of Macau this afternoon.The statement pointed out that the probability of issuing the Yellow Storm Surge warning tomorrow was “medium”.The observatory hoisted Tropical

November 2, 2022 | BY Yuki Lei

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Local woman loses HK$486,000 to ‘Canadian engineer’

A local woman was defrauded out of HK$486,000 after trusting her online “Canadian” boyfriend who told her that he was the owner of an engineering company that specialises in deep-sea detection, and lent him HK$480,000 in total, spread over five separate occasions, Judiciary Police (PJ) spokesman Leng Kam Lun said during a regular press conference on Monday.According to Leng, the victim met the “Canadian engineer” on social media platform in February last year and they soon became an

November 2, 2022 | BY William Chan

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