Free jazz concert tomorrow

The 2014 Hong Kong & Macao Jazz Exchange Concert will be held at 5 p.m. tomorrow at the Rui Cunha Foundation Gallery. Jointly organized by the Macau Jazz Promotion Association (MJPA) and Sound & Good from Hong Kong, this second act of the Hong Kong-Macau exchange aims to raise local music standards while providing a performance platform for local musicians. Musicians from both cities will perform together. Moon Wong, Hong Kong’s new generation guitarist, is to perform with Mini Jazz students of MJPA. A wind sextet with guitar will deliver some classic jazz standards. The Rui Cunha Foundation is sponsoring the concert and admission is free.

Wynn Macau doubles budget cap for design services

Wynn Macau announced this week that it has doubled its budget cap for design services related to its new development, Wynn Palace, as well as for upgrades at Wynn Macau. Filing its plans with the Hong Kong stock exchange, the operator revealed an updated design budget of HKD156 million. The budget had been set at HKD78.8 million before, but was later deemed insufficient. The company, headed by casino mogul Steve Wynn, stated that the budget increase is mainly related to design services for the Wynn Palace, the operator’s project in the Cotai Strip. The size and scope of Wynn Palace had not been fully determined when the budget was first set in 2011.

Trade deficit grows to MOP81.3 billion

In 2013 the MSAR recorded a surplus of MOP165.9 billion, according to the Monetary Authority of Macao’s (AMCM) preliminary balance of payments (BOP) statistics. According to the statistics, in 2013 merchandise imports increased by 14.5% while exports rose by 10.9%, causing the merchandise trade deficit to grow from MOP70.7 billion in 2012 to MOP81.3 billion in 2013.