BNU says drop due to reduction of interest rates on loans, less credit card transactions

Following the results published on Wednesday which showed a 41.7% drop in the profits of the Banco Nacional Ultramarino (BNU) in 2020, the BNU has justified the decline as being

CE New Year Message: Accelerate economic diversification to speed post-pandemic recovery

In his annual new year message, welcoming the Year of the Ox, Chief Executive Ho Iat Seng emphasized the need to accelerate Macau’s economic diversification for a quicker post-pandemic recovery. In

USA | Trial highlights: Harrowing footage, focus on Trump’s words

House Democrats opened their first day of arguments in former President Donald Trump's impeachment trial with searing footage of the U.S. Capitol riot as they painted Trump as an "inciter

Biden in call with China’s Xi raises human rights, trade

Joe Biden had his first call as president with Xi Jinping, pressing the Chinese leader about trade and Beijing's crackdown on democracy activists in Hong Kong as well as other

CNY: Gov’t inspects venues to ensure safety during holiday 

Various governmental departments have been inspecting several venues to ensure safety during the Spring Holiday festival. The public agencies, including the Labour Affairs Bureau (DSAL), have published newsletters to report

Motosport: Faye Ho collaborates with Roadhouse to support Irish racer McCormack

McCormack, a racer in the Macau Grand Prix, will ride for entrepreneur Faye Ho’s FHO Racing BMW, along with Roadhouse, in a partnership for the 11 round BSB series. Through this

Gaming | MGM records 78% revenue drop in 2020

MGM China saw revenue fall by 78% to approximately HKD5.1 billion in 2020, with a negative adjusted EBITDA of approximately HKD1.4 billion, the gaming operator announced in a statement. The gaming

2021 Arrivals | MGTO strives for an ambitious target of 6 to 10 million tourists

The Macau Government Tourism Office (MGTO) is set to aim for five strategic focuses to accelerate the city’s tourism recovery, shooting for a target of 6 to 10 million tourist

Fernandes forecasts up to 20,000 daily visitor arrivals this CNY

Director of the Macau Government Tourism Office (MGTO) Helena de Senna Fernandes has admitted that she is not so hopeful of a high tourist arrival during the Spring Festival, expecting

CAEAL bids for safer and cheaper legislative elections

The Electoral Affairs Commission for the Legislative Assembly Election (CAEAL) is aiming for safer and cheaper elections this year, the president of the CAEAL, Tong Hio Fong, told the media

Briefs | Lowest rainfall in 60 years recorded

The Pearl River Water Conservancy Commission of the Ministry of Water Resources has pointed out that, since November 2020, the rainfall in the Pearl River Basin has continued to be

Macau to host first-ever 10K running event next month

Macau will host its first-ever international 10km (10K) running competition in March, the Times learned from the Sports Bureau (ID). This will be the first time that Macau hosts this kind

Approved SME credit limit down 46%

The credit of newly-approved small and medium-sized enterprise (SME) fell in the second half of 2020. The outstanding balance of SME loans rose year-on-year while the share of SME loans

Covid-19 hinders CNY spending

  The weeks prior to the Chinese New Year (CNY), which are usually a spending spree period for local shops to generate extra revenue, will be affected by the ongoing pandemic,

Macau Legend casinos allegedly forces staff to accept vouchers as salary

Macau Legend Development Ltd’s casinos are allegedly forcing some casino staff to accept consumption vouchers as a substitute for their yearly bonus, or else be subject to demotion, according to

Banking | BOC closes 2020 with 3% revenue growth, BNU drops 42%

  The Bank of China-Macau (BOC) recorded a profit last year of MOP5.6 billion, an official financial report published yesterday at the Official Gazette shows. The result represents a 3% growth year-on-year

Panda pavilion free during Spring Festival Holiday

The Macau Giant Panda Pavilion and Cute Animal Zone of the Flora Garden will be free of charge during the upcoming Spring Festival Holiday. Between February 12 and February 21,

Fire safety law | Nursing homes required to be equipped with fire control room

Nursing homes must be equipped with a fire control room, according to the recently approved fire safety law. Recntly, the Second Standing Committee of the Legislative Assembly (AL) had another meeting

Four commit crime again while awaiting deportation

Four individuals waiting to be deported to their home country are facing added charges after engaging in a street brawl that involved 12 people in total, the Public Security Police

South extension project of airport to be completed in Q4

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