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JP Morgan analysts find Aug daily run-rate in casino win ‘disappointing’
JP Morgan Securities Asia Pacific analysts said in a note this week that Macau’s daily run-rate of roughly US$5.4 million (43.4 million patacas) in casino win last month was the same as July’s, calling the figure “disappointing”. The analysts said a shrinkage in VIP gambling was the likely culprit, casino.org writer Devin O’Connor quoted them as saying on Tuesday. The three analysts – DS Kim, Derek Choi and Jeremy An – noted that VIP demand also seems to have contracted in recent
September 3, 2020
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UM to start in-person classes on Monday
The public University of Macau (UM) said in a statement yesterday that in-person classes will resume on Monday, adding that “courses scheduled for the first semester of the new academic year will be mainly conducted face-to-face”.According to the statement, classes at UM will abide by guidelines issued by the Health Bureau and the Higher Education Bureau of the Macau government.The statement said that classes with up to 100 students will be in-person, adding that classes with more than 100
September 3, 2020 | BY admin
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Tanzanian overstayer caught with cocaine, ‘unknown drugs’
A Tanzanian overstayer was arrested for alleged drug trafficking on Tuesday at his flat in San Kio district, Judiciary Police (PJ) spokeswoman Lei Hon Nei said at a special press conference yesterday.According to Lei, about 15 grammes of cocaine, around 2.5 grammes of an unknown drug and suspected “drug money” in US and Hong Kong dollars worth about 33,000 patacas were found in the flat. Lei also said at a special press conference that the drug haul had an estimated street value of 49,500
September 3, 2020 | BY admin
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Civic leader deplores govt’s belated notice on back-to-school plans
Ho Kuai Seng, a member of the Central District Community Service Consultative Council, said yesterday he deplored the government’s belated announcement about some of the back-to-school arrangements, adding that it caused parents and pupils unnecessary stress.Ho made the remarks during yesterday’s regular meeting of the government-appointed council held at the Activity Centre of the Patane Municipal Market.Ho said that the government had not been communicating well with the parents, adding
September 3, 2020 | BY admin
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US strategy to contain China tantamount to hotbed of troubles, harm
Commentary by Zhong Sheng*       Strategic misjudgment resulting from short-sightedness and shallowness is regarded as the worst mistake in the development of China-US relations. Unfortunately, the US side has been repeating the mistake over and over again for a long time.In its official documents from the National Security Strategy introduced in December 2017 to the National Defense Strategy released in January 2018 and then the United States Strategic Approach to the
September 3, 2020 | BY admin
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Wang calls for consultation, coordination, cooperation between China, Germany
BERLIN – State Councilor and Foreign Minister Wang Yi said on Tuesday that as two major independent forces in the world, China and Germany should strengthen strategic consultation, deepen strategic coordination and expand strategic cooperation, in a bid to take on three tasks.Wang made the remarks during talks with German Foreign Minister Heiko Maas.3 major choicesWang said the current world is facing three major choices – multilateralism or unilateralism, openness or closeness, cooperation
September 3, 2020 | BY admin
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CE Ho Iat Seng meets with Macau's engineers association
Chief Executive Ho Iat Seng (centre, right) talks with Wu Chou Kit (centre, left) chairman of the general meeting of the Macau Institute of Engineers (AEM) and other representatives of the professional body at Government Headquarters yesterday. Senior officials of Ho’s office also attended the meeting. According to a statement by the Macau Government Information Bureau (GCS), the two sides exchanged views on Macau’s sustainable development and the training of young people. Ho said that the
September 2, 2020 | BY admin
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One-China principle political foundation of China-Czech ties: Wang
        BERLIN – State Councilor and Foreign Minister Wang Yi reaffirmed yesterday that the one-China principle serves as the political foundation of China-Czech relations.  Wang made the remarks during a press conference with German Foreign Minister Heiko Maas, when answering a question over Beijing's strong reaction to Czech Senate President Milos Vystrcil's visit to Taiwan.  Wang said that Vystrcil's Taiwan trip is an act that seriously interferes
September 2, 2020 | BY admin
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2 men buy drugs online from overseas, delivery by courier
LSD-soaked ‘Buddha paper’ found in ‘document’ envelope        Two local men were arrested on Monday for buying drugs online from overseas and having them delivered by courier to Macau via the mainland. The drugs were sent as a “document” which turned out to contain 0.52 grammes of LSD with an estimated street value of about 3,000 patacas, Judiciary Police (PJ) spokeswoman Lei Hon Nei said at a special press conference yesterday.The suspects are a 30-year-old
September 2, 2020 | BY admin
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Cinematheque•Passion vows to operate within its monthly budget
Jenny Ip Chao Mui, the operations manager of Cinematheque•Passion, told reporters yesterday that the cinema’s monthly budget is around 400,000 to 500,000 patacas, predicting that this month it will be able to operate within its budget. Ip made the remarks yesterday evening before the reopening of Cinematheque•Passion in Travessa da Paixão, with the screening of the 1952 American musical romantic comedy film Singin’ in the Rain.In June, Ip’s management company –Companhia de
September 2, 2020 | BY admin
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New police HQ project off Pac On to start next year: govt
The Infrastructure Development Office (GDI) said in a statement yesterday that it expects the construction of a complex comprising the new headquarters of the Public Security Police (PSP) and its tactical unit in the Zone E1 land reclamation area to get off the ground in the first half of next year.Zone E1 lies off Pac On in Taipa between the Macau-Taipa Friendship Bridge and the Taipa Ferry Terminal.The office unsealed bids submitted by 17 construction companies for the construction of the
September 2, 2020 | BY admin
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14 eateries fined during grease trap inspection: IAM
Fourteen eateries have been fined for not having a grease trap or not regularly cleaning it, the Municipal Affairs Bureau (IAM) said in a statement yesterday.According to the statement, the bureau beefed up inspections of restaurants’ grease trap conditions after Typhoon Higos hit the city last month as part of the bureau’s effort to keep sewer pipes clean and clear.The statement said that besides carrying out dredging in flood-prone areas, the bureau also made sure that restaurants’
September 2, 2020 | BY admin
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Collective exhibition marks Creative Macau’s 17th anniversary
An exhibition entitled “Unlock That Door” by 23 local artists is being held at Creative Macau – Centre for Creative Industries to mark the centre’s 17th anniversary. The event is supported by the Macau Cultural Centre (CCM). All the artists are members of Creative Macau.According to a statement by Creative Macau, the theme for this year’s collective anniversary exhibition is to express the artists’ ideas, feelings and “anything else” within their own imagination in a written
September 2, 2020 | BY admin
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China-US divergences not about power contest: Wang
PARIS – The divergences between China and the United States are not about power, status or social system, but about the choices of multilateralism or unilateralism, win-win cooperation or a zero-sum game, State Councilor and Foreign Minister Wang Yi said in Paris on Sunday. Wang made the remarks when responding to a question by Thierry de Montbrial, president of the French Institute of International Relations, about how to avoid the so-called “new Cold War” between China and the United
September 2, 2020 | BY admin
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Casino receipts drop 94.5 pct in August
Macau's gross gaming revenue (GGR) fell 94.5 percent year-on-year to 1.33 billion patacas (US$167 million) in August, the Gaming Inspection and Coordination Bureau (DICJ) announced today. Month-to-month, casino receipts were down 1.04 percent. In the first eight months of the year, the sector's revenues generated by games of chance fell 81.6 percent year-on-year to 36.39 billion patacas. August recorded the industry's third lowest takings this year, after April (754 million
September 1, 2020 | BY admin
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