Moody’s forecasts 20% plunge in city’s GDP

American business and financial services company Moody’s Corporation is predicting the city’s gross domestic product (GDP) for this year will plummet 20%, contrary to the 3% rise that the firm

Minimum wage bill to be in effect on November 1

  The minimum wage policy for all job types in Macau will come into effect November 1 if the government’s plans proceed as expected. Yesterday, the First Standing Committee of the Legislative

MOP10b relief fund | Gov’t to launch financial support to SMEs, salary subsidies

The Macau SAR government has unveiled its plans on the use of the 10 billion pataca economic relief fund, which includes a second round of e-vouchers and financial support to

147 young entrepeneurs fail to pay back subsidies

A group of young entrepreneurs still owe the Macau SAR a total of over 30 million patacas due to their unsettled repayments of government subsidies, the local government told the

Briefs | FC Law donates 5,000 masks to gov’t

  Macau-based law firm FC Law - Lawyers and Notaries is donating 5,000 surgical masks to the government as part of its initiatives to assist the local community. “In so doing, we

Gov’t proposes three years jail for operators of fraudulent mobile base stations

The local government has proposed a maximum jail term of three years to punish those involved in fraudulent mobile base stations. Yesterday, the First Standing Committee of the Legislative Assembly (AL)

Slight drop recorded in last quarter’s residential prices

The city’s residential prices have dropped slightly, 0.2% down compared to the last three-month period, the Statistics and Census Service announced yesterday. The data covers the period from December 2019 to

Two local architecture projects receive international accolades

A Macau residential building and a public information counter won awards in the latest International Property Awards. Both projects are from local firm AETEC-Mo Architecture and Engineering Ltd., led by architect

Japan’s state of emergency is no lockdown. What’s in it?

Prime Minister Shinzo Abe has declared a state of emergency in Tokyo and six other hard-hit Japanese prefectures to fortify the fight against the coronavirus outbreak. But this is no

World of troubles | Wuhan ends lockdown as health workers buckle under strain

After 76 days in lockdown, the Chinese city at the heart of the global pandemic reopened yesterday, and tens of thousands immediately hopped on trains and planes to leave. Elsewhere,

Philippines backs Vietnam after China sinks fishing boat

The Philippines yesterday expressed solidarity with Vietnam after Hanoi protested what it said was the ramming and sinking of a Vietnamese fishing boat by a Chinese coast guard ship in

This Day in History | 2003 Saddam statue topples with regime

There have been scenes of jubilation in Baghdad as US tanks rolled into the very heart of the Iraqi capital, confirming that the government of Saddam Hussein has been ousted

Passover in isolation dampens holiday mood in Israel

Each year, Patricia Sheetrit and her family gather with in-laws for the first night of Passover, bringing together some 20 people for the holiday’s main event, the festive meal known

Coronavirus scams: guard against fraud cures and other cons

Con artists are finding lots of marks amid the COVID-19 pandemic. Watchdog groups and authorities report a surge of complaints about scams targeting people who fear catching the virus or

Sands China co-organizes family activity

Sands China Ltd. and the Sheng Kung Hui Social Service Coordination Office have organised a parent-child colouring contest, aimed at enhancing parent-child interactions while schools are closed during this time. Around

English soccer warned of $1B pandemic losses, clubs closing

English soccer faced warnings this week that losses caused by the coronavirus pandemic could exceed $1 billion and clubs could go out of business. The

World briefs

JAPAN The Tokyo Olympic flame has been taken off public display in Japan. And it’s not clear when it will reappear again or where — or under

The Buzz | Lufthansa retires big jets, says rebound could take years

German airline group Lufthansa said it was permanently removing some of its large aircraft from service and reducing capacity for the long term, saying it will take years

Europe struggles to agree on economic response to virus

European governments remained at loggerheads yesterday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over

Editorial | Small to micro support

Secretary Lei Wai Nong announced yesterday the details of the new Covid-19 relief fund which amounts to 13.6 billion patacas overall, on top of the previously announced 30

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