Monetary Authority announces pact with PBOC Tuesday

The Government Information Bureau (GCS) yesterday distributed the following note on behalf of the Monetary Authority of Macao (AMCM) to the media: “In accordance with the recommendations advocated by the Financial

Research | UM to get 4 million yuan from China’s Science Foundation

The University of Macau’s (UM) Zhuhai Research Institute (UMZRI) will receive a total of RMB4 million in funding from the National Natural Science Foundation of China (NSFC) for ten research

UN holds high-level strategy forum in town for South-South cooperation

The United Nations Office for South-South Cooperation (UNOSSC) is holding a high-level, multi-­stakeholder strategy forum in Macau. Kicking off yesterday, the two-day gathering focuses on scaling up global support for South-South

Police bust ring illegally profiteering from UnionPay cards

Earlier, the authorities had received a tip-off from a source about the illicit activities and, after investigation, they eventually descended on the pinpointed stores. The investigators seized 11 POS terminals,

Sports | 34th International Marathon to allow 2,000 more entrants

In light of increasing demand from athletes hoping to participate in the event, the organizer has decided to raise the participant limit to 8,000. The president of the Macao Sport

Visitor spending plunges compared to last year

The latest figures from the Statistics and Census Service (DSEC) show that inbound visitors last quarter spent 24.7 percent less than they did in the equivalent period last year, amounting

Exhibition showcases photos of Philippines and Macau monuments

The Philippine Consul-General in Macau inaugurated an exhibition showcasing photos of both local and Philippine monuments yesterday. “Reflections: Monuments in the Philippines and Macau,” which is on display until August

Malaysia promotes ethnic cuisine to locals as part of export push

As part of a continuous effort to bring its rich and diverse ethnic cuisine into overseas homes and restaurants, Malaysia is implementing new trade initiatives to drive the export of

Macau, HK to facilitate Indonesian trade with China

Macau and Hong Kong could serve as a gateway for Indonesian products looking to enter China, Indonesia’s Consul General Chalief Akbar Tjandraningrat, stated recently, as quoted in a dispatch by

Crime | Woman sets safety net on neighbor’s terrace alight for renovation noise

An unemployed woman set her neighbor’s safety net, which was installed on the balcony, ablaze last Friday due to her having endured disturbing construction  noise stemming from the victim’s apartment,

Police nab two mainlanders, one dealer for chip embezzlement

The 35-year-old dealer had caught the security guards’ attention since August 3 with his “bizarre acts” on duty. Two weeks later, the casino watchdogs reported him to the police after

US markets open with massive losses | Casino chips down 6.5pct on China’s ‘Black Monday’

China's Shanghai Composite plummeted 8.5% overnight in what has been dubbed 'Black Monday.' The drop was its biggest one-day percentage decline since early 2007, pushing the index into negative territory for

Beijing expands market access to Macau, HK brokers

The China Securities Regulatory Commission (CSRC) has revealed that qualified institutions from Macau and Hong Kong will be allowed to establish one fully licensed securities house in Shanghai, Shenzhen or

Australian-Malay casino giant Donaco partners with Man U

Australia Stock Exchange-listed casino Donaco International has announced a tie-up with Manchester United "to connect to the club's 325 million fans across Asia, through the use of exclusive club content

BRIEFS | 110 LRT carriages to be kept at Japanese manufacturer

Authorities have revealed that a total of 110 carriages which were previously ordered for the current construction of the light railway transit (LRT) will have to remain at the headquarters

Corruption | CCAC to intervene in Taipa Central Park project if irregularities uncovered

The lawmaker also suspected that bribery could have been involved, reading into what the Commission of Audit dubbed as “problematic” in its earlier report. Li stressed that the authorities would

Audit probe slams unfair approval system for poverty subsidies

The Commission of Audit (CA) revealed in an audit report that the Social Welfare Bureau (IAS) has failed to ensure a fair and impartial approval system for financial aid, nor

Macau Foundation keen to continue supporting local associations

The Macau Foundation (FM) has reiterated its commitment to helping disadvantaged groups by visiting and supporting different associations in town, according to member of FM board of directors, Eliza Ho. The

Authorities plan to boost penalties for sex with girls under 14

China is planning to close a loophole that allowed some men to get away with relatively light penalties after having sex with girls under age 14, state media said yesterday, following

Information management key to diversification of local economy, says professor

Digital information management could help diversify the local economy, said Xue Huacheng, a professor at the Macau University of Science and Technology (MUST), at Friday’s 21st Cross-Strait Conference on Information

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