Forex reserves rise 2.4 pct to US$22.95 billion in May

Macau’s foreign exchange reserves amounted to 183.3 billion patacas (US$22.95 billion) at the end of last month, the Macau Monetary Authority (AMCM) said in a statement yesterday.The reserves increased 2.4 percent from the revised amount of 179.0 billion patacas at the end of April.The forex reserves at the end of May represented 10 times the currency in circulation, or 82.4 percent of pataca M2 at the end of April.According to Investopedia, M2 is a money supply measure that includes cash,

June 16, 2020 | BY admin

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Car catches fire, driver escapes unscathed

A car caught fire in Avenida da Ponte da Amizade near the Macau Water Treatment Plant (ETAR) in Areia Preta district at about 6 p.m. yesterday, but the driver had a lucky escape.Firefighters quickly extinguished the fire. No-one needed to be evacuated and no-one was injured in the incident, according to a text message from the Fire Services Bureau (CB).According to the message, the front of the car was gutted by the blaze.According to a preliminary investigation by the Fire Services Bureau,

June 16, 2020 | BY admin

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Police nab 10 suspects over fake employment scheme

Ten local suspects – the alleged kingpin and a key member of a local gang as well as eight fake employers – have been arrested for their involvement in a fake employment scheme which targeted non-resident workers for more than two years, Public Security Police (PSP) spokesman Kam Ka Kit said during a regular press conference yesterday. According to Kam, the gang approached senior citizens in public parks and sitting-out areas and paid them between 6,000 and 17,500 patacas to act as

June 16, 2020 | BY admin

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Man dies inside car in charcoal-burning incident

The Judiciary Police (PJ) received a report from the Fire Services Bureau (CB) at 1:41 p.m. yesterday that a man had died inside a car in a charcoal-burning incident in the car park in Estrada do Alto de Coloane near the A-Ma Cultural Village, and requested PJ officers to investigate, according to a message from Judiciary Police (PJ).According to the message, a resident found the victim’s car engine was on when he collected his car from the car park. He saw a man sitting in the driver’s

June 16, 2020 | BY admin

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Zhuhai grants quarantine waiver for up to 1,000 Macau residents

Addressing yesterday’s Novel Coronavirus Response and Coordination Centre press conference, Ma Chio Hong, who heads the Operations and Communications Division of the Public Security Police (PSP), announced that Zhuhai will exempt up to 1,000 Macau residents per day from its 14-day quarantine requirement who need to cross the Macau-Zhuhai border for official purposes, business activities or other special reasons.According to Ma, those who have been granted the new quarantine waiver by the

June 16, 2020 | BY admin

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Artist exhibits exploration through mixed media

The Ox Warehouse launched the “Art-City-People” Exhibition Series entitled “Journey-Memory-Fragment” by artist Li Xiaoqiao at the Post-Ox Warehouse Experimental Site early this month. The event is co-sponsored by the Cultural Affairs Bureau (IC) and Macau Foundation (FM), according to an article on the gallery’s Facebook page.Li was born in Guangzhou and now lives in Hong Kong. He graduated from the Macau Polytechnic Institute (IPM) with a Visual Arts (Education) bachelor’s degree

June 16, 2020 | BY admin

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Global total of COVID-19 cases exceeds 8 million: report

The world's number of confirmed COVID-19 cases went beyond 8 million today, according to the real-time statistics reference website worldometers.info. According to the website, the number of global novel coronavirus disease cases in 213 countries and territories reached 8,028,334 at 10:20 p.m. (Macau time), including 436,279 deaths and 4,148,301 recovered cases. Among the 3,443,754 currently infected cases, 98 percent were "mild condition" cases and 2 percent (54,538) were

June 15, 2020 | BY admin

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UN chief in ‘support migrants’ plea as remittances set to drop 20 pct

 UNITED NATIONS – United Nations Secretary-General António Guterres yesterday appealed for "people everywhere" to support migrants as the World Bank projected that remittances will fall by about 20 percent.  Marking the International Day of Family Remittances, which falls on June 16 annually, the UN chief released a message appealing for people everywhere to support migrants, at a time when remittances – the money migrants send home to support their families

June 15, 2020 | BY admin

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Nuri spares Macau & HK

Tropical Depression Nuri has spared Macau and faded away with minimal impact.The Macau Meteorological and Geophysical Bureau (SMG) announced in a statement yesterday that all storm warning signals were lowered at 1 p.m., when Nuri was located about 210 kilometres west of Macau. According to the statement, Nuri was forecast to move west-north-west at around 22 km/h.The stand-by signal No. 1 was hoisted by the bureau at 7 p.m. on Friday. It was upgraded to the strong-storm signal No. 3 at 6 p.m.

June 15, 2020 | BY admin

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PE teacher arrested for sexual abuse of pupil: police

A physical education (PE) teacher was arrested last Monday for the sexual abuse of a female pupil, the Judiciary Police (PJ) said in a statement on Saturday.The suspect, whose name was not revealed, was transferred to the Public Prosecutions Office (MP) last Monday, facing a charge of sexual abuse of a pupil, according to the PJ statement, which did not say whether the suspect has been remanded in custody.As the victim’s family strongly requested the victim be protected, the police will not

June 15, 2020 | BY admin

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Young woman rescued after ‘leaping’ from old bridge

A young woman who “fell” from the Ponte Governador Nobre de Carvalho Bridge on Saturday afternoon, was rescued and rushed to hospital for emergency treatment, according to a text message from the Public Security Police (PSP) on Saturday.Local Chinese-language media said that the woman had “jumped” from the bridge.A man surnamed Tam told the police at about 1:49 p.m. on Saturday that someone had attempted to jump off the bridge. The police immediately informed the Macau Customs Services

June 15, 2020 | BY admin

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Ho plants tree to inspire residents to treasure Nature

Chief Executive Ho Iat Seng planted a local-variety Machilus chinensis tree on Small Taipa Hill, with the aim of inspiring citizens to treasure Nature, according to a statement by the Macau Government Information Bureau (GCS).According to the statement, the tree-planting activity demonstrated the government’s commitment to the protection of Macau’s environment.The 3-metre high Machilus chinensis tree planted by Ho is in front of a stone that has carved on it the aspiration that Macau and

June 15, 2020 | BY admin

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Wynn announces US$743 million net proceeds from senior notes

Wynn Macau announced yesterday that the net proceeds from the offering of its 5.500 percent senior notes due 2026 will be approximately US$743.1 million (5.93 billion patacas) after deducting the discounts and commissions of the initial purchasers and estimated expenses payable by the company.The gaming operator announced the figure in a statement to the Hong Kong Stock Exchange.According to the statement, “The company intends to use the net proceeds from the proposed offering for general

June 15, 2020 | BY admin

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Fire in Fortune Tower’s switch room causes blackout, 2 in hospital

A fire erupted in the switch room of Fortune Tower in Avenida do Ouvidor Arriaga in the early hours of yesterday, causing a power outage in the sprawling two-block residential estate for a period of time, according to the Fire Services Bureau (CB).The Fire Services Bureau received a call about the fire at around 1 a.m. yesterday. Firefighters rushed to the scene and found that smoke was coming from the estate’s switch room. They quickly extinguished the blaze, Kuok Pan, who heads the Areia

June 15, 2020 | BY admin

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