Briefs | IAS issues subsidies to 4,724 vulnerable families

The Social Affairs Bureau (IAS) will provide additional special assistance to three types of vulnerable families in August. This marks the second phase of this year’s assistance program.

Law for non-resident employment might boost border crossings

The Law for the Employment of Non-Resident Workers (TNR), which is currently before the Legislative Assembly’s (AL) Third Standing Committee for discussion, seems to be

Gaming revenue shows surprise 3.5% drop in July

Gross gaming revenue unexpectedly fell 3.5% in July to 24.45 billion patacas (about $3 billion), according to data released yesterday by the Gaming Inspection and Coordination Bureau.

Gaming | Crown Resorts probed after money laundering, visa claims

Crown Resorts Ltd. and Australian officials will be investigated after allegations of money laundering at the firm’s casinos and the fast-tracking of visas for wealthy

Monetary Authority launches catastrophe insurance for small businesses

The Monetary Authority of Macao (AMCM) has launched its own catastrophe insurance for local SMEs, the AMCM announced in a press conference yesterday. The insurance is available for

Merchandise export value down 14% in June

The total merchandise export value for June 2019 amounted to MOP906 million, down by 14.3% year- on-year, according to data released by the Statistics and Census

Construction sector wages shrink in Q2

The average daily wage of construction workers decreased by 2.6% quarter-to- quarter to 743 patacas in the second quarter of 2019, according to information released by

Typhoon Wipha | Minor flooding reported in the Inner Harbor

Typhoon Wipha brought minor flooding to the Inner Harbor district yesterday, just hours after typhoon Signal No.8 was lifted and replaced with the less serious Signal No.3.

Consumer Council warns vendors over price gouging

The Consumer Council put its price- monitoring mechanism into effect yesterday as Typhoon Wipha’s presence was felt in Macau. As typhoon Signal No. 8

Qantas freight plan for Macau flops after six flights

Australian airline Qantas has reportedly failed in its business plan for the region after operating only six flights between Sydney and the MSAR in 2018.

Legislative Assembly By-election budget set at MOP3.28 million

On Wednesday, the Electoral Affairs Committee for the Legislative Assembly By- election held a meeting to decide on the budget for the election. The

Movie-themed entertainment park opens in neighboring Hengqin

On Wednesday, U.S. entertainment company Lions Gate Entertainment Corp. and Hong Kong-based developer Lai Sun Group officially opened Lionsgate Entertainment World, a movie- themed multi-sensory interactive center in

Tax haven crackdown catches HK hedge funds in its crosshairs

Hong Kong hedge funds have found themselves in the crosshairs of a global crackdown on multinational companies that use subsidiaries in tax havens to lower liabilities.

Economy | Macau, HK cut base rate for first time since 2008

The Hong Kong Monetary Authority (HKMA) cut its benchmark interest rate in line with the U.S. Federal Reserve, an automatic response that’s unlikely to lend much support

Hong Kong rioting charges signal harsher line against protesters

Hong Kong’s decision to charge dozens of protesters with a colonial-era rioting charge that carries a 10-year prison term suggested that the government was heeding calls for

Turkish Airlines is said to eye HNA’s Virgin Australia stake

Turkish Airlines is interested in HNA Group Co.’s minority stake in Virgin Australia Holdings Ltd. as it seeks growth in the Asia-Pacific region, according to

Singapore’s historic raffles hotel reopens after restoration

An icon of Singapore’s history has been restored and is now open again. The Raffles Hotel, which first opened in 1887 and was declared a

Corporate Bits | Melco presents Japanese anime exhibition

Melco is renewing its contribution to Art Macao by bringing a vast array of pieces depicting Japanese anime and culture to the region. They will be shown from

Shanghai tries to reduce its trash, 1 chicken bone at a time

China’s biggest city has dived headfirst into a trash sorting program that marks the country’s first serious attempt at cutting the amount of garbage headed for

Taiwan says China is limiting tourism to island out of fear

Taiwan’s foreign minister has criticized China’s suspension on trips by individual Chinese citizens to the island, saying Beijing appeared to be afraid of allowing its people

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