Wednesday, September 21, 2016 – edition no. 2648

* Sea rescue drill | Marine Bureau official says ‘accidents have always happened’ * GTEF to discuss new generation of tourists * Former leper colony to be revamped * Beijing Film Festival highlights

Economy to contract by 5.9pct in 2016, EIU says

The fall in Macau’s gaming services exports is expected to reach its lowest point this year, and the economy as a whole will contract 5.9 percent, in real terms, according

UN Summit on Refugees and Migrants | HK-based advocate reminds world leaders of worker plight

Hong Kong-based Indonesian domestic worker, Eni Lestari, took the stage at the United Nations Summit on Refugees and Migrants in New York yesterday to remind world leaders of the plight

Crime | Casino loser threatened other gamblers with syringes

A male (27) tourist from mainland China threatened several casino gamblers using syringes and a fake report that stated he was HIV positive. His stated purpose was to coerce the

TIS launches ‘Early Childhood Education Academy’

The International School of Macao (TIS) will be offering a series of educational workshops for teachers through its new Early Childhood Education Academy. According to a TIS press release, the academy

Survey shows growing participation in cultural activities

A survey conducted by the Statistics and Census Service (DSEC) for the second quarter of 2016, showed that local residents participating in cultural activities totaled 257,900, with a participation rate

Briefs | 80pct of students have phone overuse issues

The General Association of Chinese Students of Macao has released the results of a survey conducted recently, showing that over 80 percent of more than 1,300 interviewed students have a

Gaming | Market ready to bounce back, says ‘Mad Money’ host

Jim Cramer, the host of CNBC’s “Mad Money” television show, has claimed that Macau’s gaming market could grow further, after a 1.1 percent increase in the city’s gambling revenue last

Former Sports Bureau president pushes Macau to join Olympic Games

Macau must continue to strive to join the International Olympic Committee (IOC), said former Sports Bureau (ID) president Manuel Silvério in an interview with Lusa news agency. “Macau should continue to

Heritage | Cultural Affairs Bureau to inspect St. Anthony’s Church

The Cultural Affairs Bureau (IC) has announced that it will carry out an inspection of the roof of St. Anthony’s Church between September 26 and October 13. Back in May, the

Razon plans casino amid Duterte’s gambling crackdown

Philippine casino mogul Enrique Razon is pushing ahead with plans to build a 20 billion peso (USD418 million) resort in Manila, undeterred by President Rodrigo Duterte’s crackdown on gambling. The chairman

Yuan interbank rate surges in HK in sign of intervention

The overnight interbank yuan rate surged the most since January in Hong Kong amid speculation China’s central bank is intervening to fend off bearish bets on the currency. The offshore yuan

Samsung’s Note 7 battery problem expands to China

Samsung’s smartphone problems expanded yesterday to China’s populous market, where the South Korean tech giant was looking into reports two Galaxy Note 7 handsets exploded in a country where it

Corporate bits | Mercedes highlights electric mobility at Paris Motor Show

This year’s Paris Motor Show by Mercedes-Benz is characterized by change: celebrating their world premieres in Hall 5.2 will be the electric drive versions of the new smart fortwo, the

Mozambique | IMF mission due to arrive this week

A mission from the International Monetary Fund (IMF) is due to arrive tomorrow in Maputo to assess what measures Mozambique should take to regain the confidence of both investors and

BCP negotiates sale of stake with Chinese group Fosun

The process of Chinese group Fosun taking a stake in Portuguese bank Banco Comercial Portuguese (BCP) is expected to be completed by the end of September, according to a statement

Bloomberg Interview Stiglitz grades Trump F on economics, cites China trade risk

The U.S. economy would be a big loser if Donald Trump wins the presidential election and imposes new tariffs on imports from China, according to Nobel laureate Joseph Stiglitz. The end

Voyeurism makes the transition to cell phones

Fame may last a mere 15 minutes, but the tools democratizing it are here to stay. That’s the call Credit Suisse Group AG analysts make in a note initiating coverage on

Opinion | Views on China: Housing gets scarily expensive

For many years, China’s authorities took a Goldilocks approach to housing prices: They wanted a market that was neither too hot nor too cold, and took measures as needed to

Australia | Damage to Great Barrier Reef costs ship owner USD30 million

The Australian government reached a 39.3 million Australian dollar (USD29.6 million) settlement with the owners of a Chinese coal carrier to pay for environmental damage caused when the ship ran

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