SJM's EBITDA falls 118 pct in Q1, 'severely impacted by COVID-119'

SJM Holdings Limited announced today that its adjusted EBITDA declined year-on-year to a negative HK$200 million in the first quarter, a decrease of 118.6 percent. The gaming company made the announcement in a statement to the Hong Kong Stock Exchange. The statement said that the company's first-quarter results were "severely impacted" by the COVID-19 outbreak, which led to the government-ordered closure of Macau's casinos for 15 days in February, "as well as ongoing

May 5, 2020 | BY admin

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CTM to sell IPhone SE from tomorrow

Macau's main telecommunications company CTM said in a statement today that it will sell the second-generation iPhone SE from tomorrow. The statement pointed out that the "powerful new iPhone SE features a 4.7-inch Retina HD display, paired with Touch ID for industry-leading security."According to the statement, the "iPhone SE comes in a compact design, reinvented from the inside out, and is the most affordable iPhone." The statement also said that "powered by

May 5, 2020 | BY admin

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False US accusations against China expose its own human rights problems: People’s Daily

        BEIJING – A commentary carried by yesterday’s edition of the People’s Daily slammed certain US politicians for smearing China’s fight against the COVID-19 epidemic with false accusations of so-called “human rights abuse.”The US move is aimed at covering up their own fault for not putting people’s lives first and failing to contain the epidemic in the United States, said the commentary under the byline of Zhong Sheng.Sparing no effort to save lives

May 5, 2020 | BY admin

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Royal Supermarket loses ‘Certified Shop’ status after price hike complaints

Alleged price gouging started with consumption subsidy smartcardsThe Consumer Council (CC) announced last night that it has withdrawn with immediate effect Royal Supermarket’s “Certified Shop” seal of quality in the wake of scores of complaints by consumers about the company’s sudden and steep price hikes on May 1, coinciding with the spending start of the government’s 3,000-pataca consumption subsidy smartcards for local residents. According to a statement by the council, an

May 5, 2020 | BY admin

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Health Bureau launches 3-colour code to stem COVID-19 spread

A QR three-colour code system has replaced the Health Bureau’s digital health declaration that is required at border checkpoints and for entering public administration premises, casinos and other premises.The new system was announced by Leong Iek Hou from the bureau’s Disease Prevention and Control Centre at the daily press conference by the Novel Coronavirus Response and Coordination Centre on Friday about the disease. Leong said the colour code would allow the bureau to have a “more

May 5, 2020 | BY admin

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Govt to study ‘suitability’ of Central Library, Estoril projects: Ao Ieong

School projects for ex-Canidrome also under reviewSecretary for Social Affairs and Culture Elsie Ao Ieong U said yesterday that the government will study the suitability of turning the Old Courthouse in Nam Van into the city’s new Central Library and converting the old Hotel Estoril and its adjacent swimming pool into a youth recreation and activities centre, as well as building several schools on the former greyhound racetrack in Fai Chi Kei.Ao Ieong made the remarks during a one-day Q&A

May 5, 2020 | BY admin

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Senior secondary school pupils return to their classrooms

Senior secondary school pupils finally returned to their classrooms yesterday after the more than three-month-long suspension of physical class attendance due to the outbreak of the COVID-19 pandemic.Senior DSEJ officials visited a number of schools yesterday to inspect how the “back-to-school” arrangement was doing. A total of 44 schools with about 13,000 pupils resumed in-class teaching yesterday, after weeks of online teaching.The officials described the overall situation yesterday as

May 5, 2020 | BY admin

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CEM makes 800 million pataca profit in 2019

Macau’s Chinese-Portuguese electricity monopoly company CEM made a profit of about 800 million patacas last year, the power utility’s vice-president João Marques da Cruz told Rádio Macau in an interview broadcast on Saturday. Marques da Cruz said that last year’s profit was “slightly lower” than the one in 2018. According to the Portuguese business executive, the company invested around one billion patacas last year. He also said that CEM was willing to participate in the

May 5, 2020 | BY admin

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Only 6 of 45 COVID-19 patients still hospitalised

One more of Macau's 45 COVID-19 patients was discharged from hospital today, bringing the number still in hospital down to just six, the Novel Coronavirus Response and Coordination Centre announced. The male patient discharged today, a non-resident worker from the Philippines, had been hospitalised for 39 days, according Alvis Lou Iek Long, a senior doctor with the public Conde de S. Januario Hospital Centre. The patient was transferred from the public hospital to the Health Bureau's

May 3, 2020 | BY admin

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MGM China records negative EBITDA of HK$0.1 billion in Q1

Hong Kong-listed gaming operator MGM China reported today an adjusted negative EBITDA of HK$0.1 billion for the first quarter. The company made the announcement in a brief statement received by The Macau Post Daily. According to the statement dated May 3, in the first quarter MGM China recorded a total revenue of HK$2.1 billion. MGM China's hotels reported an occupancy rate of 36 percent. "The first-quarter results were significantly impacted by the COVID-19 pandemic and we

May 3, 2020 | BY admin

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2 checkpoints to resume normal operating hours

Two of Macau's main border checkpoints will resume their normal operating hours at 6 a.m. tomorrow, a spokesman for the Macau Customs Service announced at the daily press conference by the Novel Coronavirus Response and Coordination Centre about the highly infectious disease today.According to the spokesman, the resumption of the normal operating hours of the two checkpoints has been made possible by the improving COVID-19 situation in Macau and the Chinese mainland and after talks between the

May 2, 2020 | BY admin

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Macau power utility makes US$100 million profit in 2019

Macau's Chinese-Portuguese electricity monopoly company CEM made a profit of about 800 million patacas (US$100 million) last year, the power utility's vice-president Joao Marques da Cruz told Radio Macau in an interview broadcast today.Marques da Cruz said that last year's profit was "slightly lower" than the one in 2018. According to the Portuguese business executive, the company invested around one billion patacas last year. He also said that CEM was willing to participate in

May 2, 2020 | BY admin

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Health Bureau confirms 2 more COVID-19 relapse cases

The Health Bureau announced today two more COVID-19 relapse cases, bringing the total number of relapses among the 45 confirmed novel coronavirus disease cases to three. The two cases were announced by Alvis Lo Iek Long, a senior doctor with the public Conde de S. Januario Hospital Centre, at the daily press conference of the Novel Coronavirus Response and Coordination Centre about the highly infectious disease.One of the cases involves Macau's 16th COVID-19 patient to have been discharged

May 1, 2020 | BY admin

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Macau launches colour code to fight COVID-19

Macau's Health Bureau (SSM) announced today the launch of a digitil colour code to stem the spread of the novel coronavirus disease (COVID-19).The QR three-colour code system will start operating at 9 a.m. on Sunday when it will replace the bureau's digital health declaration that is required at border checkpoints and for enterring public administration premises, casinos and other venues. The new system was announced by Leong Iek Hou from the bureau's Disease Prevention and Control Centre

May 1, 2020 | BY admin

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