Monetary Authority says sovereign wealth fund could be created

The Monetary Authority of Macau (AMCM) has not ruled out the possibility of creating a sovereign wealth fund, as recently suggested by the International Monetary Fund (IMF) in its Staff

Unemployment rate remains at 1.7 pct

The unemployment rate remained unchanged at 1.7 percent between April-June as compared to March-May. Figures released by the Statistics and Census Service (DSEC) also show that 6,500 people were unemployed

Non-resident workers exceed 150,000

Statistics from the Human Resources Office (GRH) indicated that there was a 28.1 percent increase in the number of non-resident workers in June compared to the same month in 2013

Briefs: R-Cherikoff blames raw material for failing quality test

Several Macau and Hong Kong food products, including the almond biscuit and egg roll produced by R-Cherikoff, have failed the test of the Chinese General Administration of Quality Supervision, Inspection

GAMING | Chinese developers invest in overseas casino projects

GAMING Chinese developers invest in overseas casino projects Facing a drop in profits in their home market, Chinese real estate companies are trying to participate in overseas casino projects, according to a

The tricky business of proxy betting

Proxy betting is seen as one of the fastest-growing revenue streams in Asian land-based casinos. The system allows players outside of Macau to legally place bets through a proxy, often

LRT plan draws ferocious opposition in consultation session

Attendants brought with them protesting signs. They also showed their disapproval by booing when officials were introducing the plans. At one point the chief of the Transportation Infrastructure Office (GIT), Lei

Macau Orchestra debuts in Taiwan

The Macau Orchestra is currently performing in Taiwan for the first time. The orchestra’s concert tour opened last week, bringing with it works by Rachmaninoff and other masters. Led by artistic

Sands commitment to retail now bearing fruit

Las Vegas Sands is portrayed as an operator particularly active in the non-gaming component of its Macau and Singapore resorts in a review published last week by the multimedia financial

FOOD SAFETY | Health Bureau can’t confirm link between gastroenteritis and McDonald’s

McDonald’s is being investigated by the Civic and Municipal Affairs Bureau (IACM) for a case of gastroenteritis. A statement from the authority declared that there is insufficient evidence indicating that

New York tabloid reports on the ‘Special Laundering Regions of China’

A report by the tabloid newspaper, New York Post, has suggested that a staggering USD1.4 trillion has been exported from China to other parts of the world since 2002. With as

CE election still open to other candidates

According to Radio Macau, as the Electoral College, who is voting on the CE election on August 31, has 100 more members than in the previous election held in 2009,

Unofficial referendum Open Macau Society files appeal within TUI

Jason Chao confirmed Friday that Open Macau Society has filed an appeal within the Court of Final Appeal (TUI) regarding IACM’s decision to refuse pro-democratic groups’ request to hold a

Award recognizes outstanding teenagers in Macau

The winners have vowed to use their new public identities to influence the people near them, while the organizer hopes that they can bring more “positive energy” to society. The award

Pregnant women injured in bridge crashes

Three pregnant women were among those injured two days ago in two car accidents on the Friendship Bridge and the Sai Van Bridge. Public Security Police (PSP) information indicated that one

Court finds driver not guilty over jaywalker’s death

A 22-year-old female driver has been found not guilty of manslaughter after her car hit and killed a mainland tourist on the Avenida de Amizade last February. Both the defendant

Briefs: Liaison Office opens new website today

The Central Government Liaison Office in Macau has created its own website, which will open to the public today. The domain name is www.zlb.mo or www.zlb.gov.cn. The Liaison Office announced

IMF recognizes ‘bright outlook’ in Macau, calls for diversification

The IMF report suggested that Macau’s economic growth will “remain robust” following the strengthening of the global economy and the “continued investment related to several casino expansion projects.” It also

HIGHER EDUCATION | City U and Florida International University enhance partnership in 2015

A partnership between City University of Macau (City U) and the Florida International University (FIU), established in 2011, is set to be enhanced next year as both institutions explore new

Anti-gas-station residents demand CCAC’s probe

A group of Taipa residents rallied outside the Commission Against Corruption (CCAC) yesterday, urging the organization to look into a recent dispute over plans to build a gas station in

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