Number of real estate transactions grows

The number and value of real estate transactions in the second quarter of 2016 rose significantly in comparison to the first quarter, owing to an increase in transactions of existing

Education – Information technology | Local students take away one-third of top-level Microsoft awards

Two students from Macau have recently been named World Champions in the Microsoft Office Specialist World Championship. Only a total of six students worldwide were awarded the accolade. Organizer Certiport, a

Mainland-Macau trade down 21.3 pct in first half of 2016

Trade between the Chinese mainland and Macau dropped by 21.3 percent year-on-year to USD1.68 billion during the first half of 2016, according to figures released by the Ministry of Commerce. The

Briefs | Art exhibition by Macau Artists Society opens

The “Exhibition of Artworks of the Members of Macau Artists Society 2016” commenced on Monday at the Nam Van Old Court Building, featuring a total of 169 works by members

Gaming | Australia’s Crown Resorts sees decline in profits

The gaming slump of Melco Crown Entertainment resorts in Macau has contributed to a 22.7 percent decline in the full-year net profit of Australia’s Crown Resorts Ltd. The normalized net profit

International business in banking sector improves slightly

International banking statistics released yesterday by the Monetary Authority of Macao show that the proportion of international business in the local banking sector recovered slightly in the second quarter of

U.K. jobs market shows resilience for now against Brexit fallout

Britain’s labor market isn’t cracking under the weight of Brexit yet. Companies added 172,000 jobs in the second quarter and the unemployment rate held at 4.9 percent, showing resilience in

Hong Kong airline Cathay’s 1H profit tumbles 82 percent

Cathay Pacific Airways said yesterday that its profit tumbled in the first half of the year as economic weakness in China and other important markets cut passenger demand while it faced cutthroat

Corporate bits | Sheraton, St Regis launches digital tool for MICE planners

Sheraton Grand Macao and The St. Regis Macao have launched “eVent PortfolioTM,” a mobile tool that streamlines event planning processes and offers environmentally-friendly alternatives. The “eVent Portfolio” – which is free

Banking | Opaque PBOC finds new policy tool in communication

The famously opaque People’s Bank of China is finding more of a voice, with a relative flurry of comments this month giving rare clarity on its thinking. The latest came Monday with

Suu Kyi to discuss frozen dam project on landmark China trip

Myanmar’s de facto leader Aung San Suu Kyi leaves for a high-profile trip to China yesterday to discuss the fate of a jointly built dam and hydroelectric plant that Myanmar put

Draft pipeline guidelines seen boosting gas demand

China’s latest attempts at reforming the country’s extensive pipeline network are aimed at lowering prices for end users and boosting gas demand, analysts said yesterday after the country released draft

S. Korea says senior N. Korean diplomat based in London defects

A senior North Korean diplomat based in London has defected to South Korea, becoming one of the highest Northern officials to do so, South Korea said yesterday. Thae Yong Ho, minister

Papua New Guinea, Australia agree to close detention center

Papua New Guinea and Australia said yesterday they have agreed to close a detention center on Manus Island for asylum seekers but they offered no details on when it will

Australia says Vietnam cancels commemoration of 1966 battle

Australia was making top-level appeals to Vietnam yesterday to lift a sudden ban on veterans commemorating the 50th anniversary of Australia’s most costly battle of the Vietnam War. More than 1,000

Indonesian flees Filipino captors, found trapped in fishnet

An Indonesian sailor swam to freedom yesterday almost two months after he was abducted from a tugboat in the southern Philippines by Abu Sayyaf militants who threatened to behead him,

Indonesia | Authorities mark Independence Day by sinking illegal ships

Indonesia marked its Independence Day yesterday by sinking 60 foreign ships seized for fishing illegally in the country’s waters. Maritime and Fisheries Minister Susi Pudjiastuti said the ships were sunk at

Rampaging South Sudan troops raped foreigners, killed local

The soldier pointed his AK-47 at the female aid worker and gave her a choice. “Either you have sex with me, or we make every man here rape you and then

Turkey to release 38,000 from jail; frees space for plotters

Turkey issued a decree yesterday paving the way for the conditional release of some 38,000 prisoners, the justice minister said — an apparent move to reduce its prison population to

French prime minister supports burkini bans, urges calm

France’s Socialist prime minister is expressing support for local bans of burkinis, saying the swimwear is based on the “enslavement of women” and therefore incompatible with French values. The burkini, a

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