New quality productive forces demand lots of talent

Commentary by Vasilis Trigkas*        As demonstrated by the late Robert Lucas, founding father of endogenous economic growth theory, modern economies thrive on significant investments in human capital through their education systems. Yet domestically produced talent alone is not enough.What truly supercharges a country’s innovation and sustained economic growth is the influx of international talent. While some speculate that artificial intelligence may eventually automate

July 2, 2024 | BY admin

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Kazakhstan-China permanent comprehensive strategic partnership to usher in new chapter

Interview        ASTANA – The upcoming meeting between the heads of state of Kazakhstan and China will benefit people of the two countries, and the agreements to be reached will open a new chapter in the Kazakhstan-China permanent comprehensive strategic partnership, Kazakh President Kassym-Jomart Tokayev has said.President Xi Jinping will pay a state visit to Kazakhstan and attend the 24th meeting of the Council of Heads of State of the Shanghai Cooperation Organization

July 2, 2024 | BY admin

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Self-reform, CPC’s new answer to ‘rise and fall question’

Analysis        BEIJING – In cave-dwellings on the Loess Plateau, desks, maps, ink, kerosene lamps and other items are kept the way they were used in the Yan’an period (1935-1948) of the Communist Party of China (CPC).Less than a week after the conclusion of the 20th CPC National Congress in 2022, Xi Jinping, general secretary of the CPC Central Committee, led the members of the Standing Committee of the CPC Central Committee Political Bureau to the old revolutionary

July 2, 2024 | BY admin

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Casino receipts fall 12.3 pct in June

Macau's 30 casinos produced a total gross gaming revenue (GGR) of 17.69 billion patacas (US$2.2 billion) in June, a month-on-month decline of 12.3 percent, the local government’s Gaming Inspection and Coordination Bureau (DICJ) has announced today.However, GGR was up by 16.4 percent year on year.June’s GGR was the lowest in the first six months of the year and the gaming industry’s lowest monthly GGR since last November.May recorded GGR of 20.18 billion patacas, the highest monthly result

July 1, 2024 | BY admin

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Macau Healthcare Blueprint to be announced this month

Govt aims to achieve ‘Healthy Macau’ by 2030The Health Bureau (SSM) will announce later this month the details of its Macau Healthcare Blueprint, with a view to achieving the goal of “Healthy Macau” by 2030, through the implementation of health-related policies in conjunction with resources from the fields of health, education, culture and sports, Wong Weng Man, chief of the SSM Health Promotion Division, said yesterday.As a member of the Chinese delegation to the 77th World Health

July 1, 2024 | BY Yuki Lei

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Macau condemns Taiwan authorities for smearing its national security law

The Macau Special Administrative Region (MSAR) government has strongly disapproved of and condemned the authorities of the Taiwan region for smearing Macau’s improvements in its legal system for safeguarding national security and distorting Macau’s socioeconomic development by raising its so-called travel alert for Macau.The Macau Government Information Bureau (GCS) made the remarks in a statement on Friday night, after the Taiwan authorities announced on Thursday its decision to raise its

July 1, 2024 | BY Tony Wong

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Editorial: The Five Principles of Peaceful Coexistence – needed more than ever

After attending Friday’s conference marking the 70th anniversary of the Five Principles of Peaceful Coexistence and one of its four sub-forums in Beijing on Friday, I am convinced all the more that they are needed more than ever. While participating in an exchange session with the nine panellists of the second sub-forum’s Topic 1 on “Upholding independence and jointly building a just and equitable international governance system”, headed by China Public Diplomacy Association

July 1, 2024 | BY admin

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Macau’s 1st cardless currency exchange machine at airport now in service

Banco Delta Asia announced in a statement yesterday that Macau’s first cardless currency exchange machine comes into service at the departure hall of the local airport today, providing a 24-hour currency exchange service to residents and visitors.The machine provides banknotes of multiple currencies such as yuan, yen, Singapore dollars and baht the statement said, adding that users can simply deposit pataca banknotes, select the type of non-local currency they need, and then enter their

July 1, 2024 | BY Ginnie Liang

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IAM urges public not to feed babies 3 batches of Morinaga ‘Manna BOLO’ biscuits

The Municipal Affairs Bureau (IAM) urged the public in a statement on Saturday not to feed babies three batches of made-in-Japan baby biscuits named “Manna BOLO”, which may be contaminated with animal faeces.The statement did not say whether the products of the problematic batch are being sold in Macau.According to the statement, the bureau was informed by the Centre for Food Safety of Hong Kong and Consumer Affairs Agency of Japan about the problematic foodstuff – a 36-gram baby biscuit

July 1, 2024 | BY Ginnie Liang

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9 mainlanders nabbed over brawl outside Studio City

Nine male mainlanders in their 30s were taken to a police station on Saturday after a free-for-all at an entrance to Studio City in Cotai near Estrada Flor de Lótus, the Public Security Police (PSP) told local media on Saturday.According to the police, the fight broke out at around 4 p.m. on Saturday, when nine men got into a physical altercation. The on-site police officers responded quickly after the fight broke out, and called for back-up, the police said, adding that the back-up officers

July 1, 2024 | BY Ginnie Liang

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Restructured IPIM starts today as Commerce and Investment Promotion Institute

The government’s Macau Trade and Investment Promotion Institute (IPIM) continues as a restructured entity today, with its official English name now being Commerce and Investment Promotion Institute.The institute announced its new official English name in a statement on Friday.The newly named institute merges today with the now-defunct support office of the Permanent Secretariat of Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macao).The Forum for

July 1, 2024 | BY Tony Wong

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Uni student falsely accuses man of rape: police

A mainland university female student falsely reported a case to the Judiciary Police (PJ) last Monday, claiming that she was raped in a hotel guestroom in Cotai by a man with whom she had travelled to Macau, PJ spokesman Ho Chan Nam said on Friday.According to Friday’s regular press conference, the 22-year-old student surnamed Zhang came to Macau with the man – a young mainlander whom Zhang met online early this month – on June 21 when they checked into the hotel guestroom in Cotai, and

July 1, 2024 | BY Yuki Lei

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Political advisors discuss HK, Macau’s roles in China’s development of open economy

BEIJING – The nation’s top political advisory body held a virtual consultation session on Friday to discuss the roles of Hong Kong and Macau  in China’s development of new systems for a higher-standard open economy.The meeting of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC) was chaired by Wang Huning, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the CPPCC

July 1, 2024 | BY admin

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Sports Bureau extends karting track’s opening hours

Those interested in kart racing can now speed around the Coloane Karting Track for longer as the Sports Bureau (ID) announced in a statement on Friday that the opening hours will be adjusted starting from today.The track was previously open on Tuesday and Wednesday from 2 p.m. to 6 p.m.; 2 p.m. to 4:30 p.m. on Thursdays and Fridays; 1:30 p.m. to 6 p.m. on Saturdays; and from 11 a.m. to 6 p.m. on Sundays, according to the bureau’s website.The track is now also open on Mondays, with the

July 1, 2024 | BY Rui Pastorin

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