Daily Archives: July 10, 2025
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Disappearance of ICBC banker linked to Macau billionaire’s troubled real estate empire
A senior Industrial and Commercial Bank of China (ICBC) executive, Jiang Yisheng, has vanished amid investigations into a troubled Macau real estate project tied to disgraced ... -
Economist questions effectiveness of IP-themed community projects
The Macau Economic Association (MEA) has forecast an improvement in overall economic data for the second quarter compared to the first, although it has acknowledged ... -
Employers, job seekers grapple with labor shortage and shift work
Local employment issues are attracting significant attention due to dissatisfaction with the rising number of non-local employees, despite the government’s commitment to prioritizing local residents in ... -
New lawmakers’ statute adds restrictions for upcoming hemicycle members
The Legislative Assembly (AL) unanimously approved the new law amending the lawmakers’ statute yesterday. The bill, promoted by the government and sent to the AL to ... -
Beijing imposes export ban on companies tied to Taiwan’s military
China imposed export controls yesterday on eight enterprises tied to Taiwan’s military as the self-ruled island started annual military exercises. China’s Commerce Ministry added eight Taiwan-based ... -
Sasa records 7.7% sales growth in Macau and Hong Kong
Sa Sa International reported a 7.7% year-on-year increase in first-quarter retail sales in Hong Kong and Macau, reaching HKD 687 million, driven by recovering visitor traffic. ... -
Gongbei port sees peak summer traffic with over 330,000 daily crossings
Gongbei Port has entered its busy summer season, averaging more than 330,000 daily crossings since July. The border checkpoint noted that multiple concerts and events in ... -
Casino PR staff arrested for HKD100,000 fraud
The Judiciary Police arrested a 37-year-old Malaysian foreign worker employed as a casino VIP club public relations staff, suspected of forging signatures and defrauding two VIP ... -
Woman falls victim to investment scam, loses RMB1.5 million
An elderly woman reported to the Judiciary Police that she had lost RMB1.5 million in an alleged investment scam. According to police, the victim was introduced ... -
China to issue RMB6b sovereign bonds in Macau
China’s Ministry of Finance will issue RMB6 billion (USD830 million) in sovereign bonds to professional investors in Macau on July 16, officials announced yesterday. The announcement, ... -
M8 Mall gears up for grand relaunch
The M8 mall, formerly a post office dormitory, is poised for a grand relaunch next Tuesday, July 15. The revamped space introduces China Duty Free Group’s ... -
DSEDT advances cross-border e-commerce in Europe
The Economic and Technological Development Bureau (DSEDT) led a delegation to Portugal and France in early July to explore cross-border e-commerce (CBEC) opportunities. The visit featured ... -
Gov’t revises 2025 gaming tax revenue downward by 5%
The government has revised its 2025 forecast for gaming tax revenue, lowering it by 5% due to global economic conditions and changing tourist spending patterns. According ... -
Man arrested for drug trafficking
The Judiciary Police have arrested a 31-year-old Vietnamese foreign worker on suspicion of drug trafficking, seizing 2.92 grams of methamphetamine (ice) and five ecstasy pills with ... -
Nvidia becomes most valuable company in the world at $4 trillion
Chipmaker Nvidia became the first public company to top $4 trillion in value yesterday after two-year investor frenzy. Nvidia shares rose 2.5%, or $3.97, in early ... -
China urges US to stop interfering in issues related to Tibet
A Chinese foreign ministry spokesperson this week urged the United States to cease interfering in issues related to Xizang [Tibet] and stop sending wrong signals to ... -
Trump’s tariffs may overshadow Rubio’s first official trip to Asia
Sweeping tariffs set to be imposed by President Donald Trump next month may overshadow his top diplomat’s first official trip to Asia this week — just ... -
Army starts deploying Osprey fleet at a new base
The Japanese army yesterday began deploying its fleet of V-22 Ospreys on a newly opened permanent base in southwestern Japan, in the country’s latest move to ... -
A church bombing leads Syria’s Christians to consider leaving
The day after last month’s deadly suicide attack on a church outside Syria’s capital, hundreds of Christians marched in Damascus chanting against foreign fighters and calling ... -
2000 UK tidal wave of web users
One in four British homes is now using the internet according to figures released by the government. A new survey by the Office for National Statistics ... -
Russia batters Ukraine with more than 700 drones, the largest barrage of the war
Russia fired more than 700 attack and decoy drones at Ukraine overnight, topping previous nightly barrages for the third time in two weeks, part of Moscow’s ... -
European court finds Russia was behind downing Flight MH17
Europe’s top human rights court delivered damning judgments yesterday against Russia in four cases brought by Kyiv and the Netherlands accusing Moscow of atrocities in Ukraine dating back ... -
Who will buy $9 trillion in US Treasury Bonds?
For decades, U.S. federal governments have grown accustomed to operating with recurring budget deficits, expanding public debt from $7 trillion in 2000 to $36 trillion in ... -
Thursday, July 10 2025 – edition no. 4756
* Banking scandal — ICBC exec Jiang Yisheng’s disappearance linked to troubled Windsor Arch project tied to convicted tycoon Ng Lap Seng, as ICBC Macau faces ...
