Amax International Holdings, which owns a 24.8 percent in the Greek Mythology (Macau) Entertainment Group, has seen a 12.3 percent decrease in the price of its stock yesterday, after the Beijing Imperial Palace Hotel was forced into a temporary six-month closure over the weekend. Amax opened trading yesterday at HKD0.39, down considerably from HKD0.445 at Friday’s close. Trading of Amax shares was also been halted on Friday afternoon, after the price fell more than 6 percent. The company said that the temporary closure would not have a material impact on its financial standing, but told Nikkei Asian Review that it might have a “negative impact on the number of visitors and [the] business plan” of the group.
Translation laboratory to operate in IPM
Macao Polytechnic Institute (IPM), Guangdong University of Foreign Studies, and the Global Tone Communication Technology Co Ltd signed a tripartite agreement to establish the Chinese-Portuguese-English Machine Translation Laboratory last week. This is the first CPE machine translation laboratory, and will be housed in IPM. The three parties established the translation laboratory based on three levels of cooperation: basic technology research, application of state-of-the-art technology, and nurturing of talents, said the institute in a statement. The laboratory aims to strengthen the region’s role in cultivating an exchange platform between China and Portuguese-speaking countries.
UM to host third forum on residential colleges
The University of Macau (UM) will host the Third Forum on “Education of Modern Residential Colleges” this coming Friday and Saturday. Nearly 300 scholars, faculty members, student affairs staff and students from more than 40 universities in Mainland China, Hong Kong, Macau, and Taiwan are set to participate in the event. The theme of this year’s forum is “Student Development in a Residential College and the Shaping of Its Educational Character,” namely four sub-topics including the assessment of residential college’s learning outcomes, the collaboration between residential colleges and faculties, educational programs for student development, and developing the characteristics of residential colleges. UM said in a statement that half of the participants will stay at its residential colleges during the forum.
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