World Briefs

AFGHANISTAN’s spy agency says it has freed eight people who were among a large group of ethnic minority Hazaras kidnapped earlier this year. THAILAND Police announce the arrest of a man

Electric car manufacturer Tesla enters local market

American electric automobile manufacturer Tesla Motors has announced its official entry into the Macau market with the launch of Tesla’s official Macau website. Through this platform, Macau customers can now

Audit report claims inefficient monitoring of school subsidies

The Commission of Audit (CA) says that financial subsidies granted to private schools are poorly monitored. According to a report revealed yesterday, the Education and Youth Affairs Bureau (DSEJ) and

Legislative Assembly to discuss ‘rent ceiling’ proposal

The Legislative Assembly is expected tomorrow to debate a proposal regarding the tenancy law, aimed at addressing sensitive issues such as the length of tenancy and a proposed rent ceiling.

Travel sector eager to join China’s development strategy

The International Travel (Industry) Expo, which will be held from this Friday until Sunday, takes advantage of Beijing’s regional strategy, as the capital seeks to expand its targeted market from

Hong Kong lags behind rivals in eCommerce

Despite Hong Kong being home to the highest internet and smartphone penetration in the Asia-Pacific region, a new survey conducted by global payments company, Visa, found that eCommerce in the

Mozambique’s Gorongosa Park showcase

All the history and restoration of Gorongosa National Park (PNG), Mozambique’s largest and most important protected habitat​​, will be on display in Macau this month. This is an initiative of the

Secretary Rosário blames legal disputes for land recovery delay

In response to accusations that the authorities have been inactive in recovering idle land lots from expired contracts, Secretary for Transport and Public Works Raimundo do Rosário has claimed that

Sports betting seen as way to re-invigorate gaming industry

  Underdevelopment and lack of investment in the gaming industry’s sports betting sector is a missed opportunity “that the government seems in no hurry to fix,” according to a Forbes article. Currently  

Environment | Gov’t launches ‘polluter-pays’ principle on construction landfill fees

A new proposal by the Environmental Bureau suggests the introduction of a multi- level fee system for discarding construction waste. According to the bureau, this could reduce construction residue by up

Casinos fall as November gambling revenue forecast cut

Macau casino shares fell in Hong Kong after Wells Fargo & Co. cut its forecast for November gross gaming revenue due to worse-than-expected gambling data from the city’s casinos so far this

Chinese billionaire buys Modigliani for record USD170.4m

Chinese billionaire Liu Yiqian bought Amedeo Modigliani’s painting of a reclining nude woman for USD170.4 million, the second-highest price for an artwork at auction, in a volatile sale at Christie’s

Budget line VietJet buys 30 Airbus planes for USD3.6b

Low-cost airline VietJet Aviation Joint Stock Co. agreed to buy 30 Airbus Group SE A321 planes at the Dubai Airshow, a deal worth USD3.6 billion at list prices. The purchase is

Corporate bits | MGM offers thanksgiving menus

The highlight of any Thanksgiving Day celebration is a feast with roasted whole turkey, pumpkin pie and other festive delicacies. MGM Macau has brought the comfort dishes of the West

Mozambique | Measures implemented to offset metical devaluation

Waldemar de Sousa, on the sidelines of a meeting with the Confederation of Economic Associations of Mozambique (CTA), which brings together Mozambican employers, recalled that to cushion the negative effects

Cape Verde launches 5th Agricultural Census

The 5th General Agricultural Census (RGA) of Cape Verde started on Monday and is expected to take three months and cost 4.9 million euros, according to the Minister of Rural

Angola expands funding sources by issuing bonds backed by ICBC

The Ministry of Finance last week announced the completion of an issue of Eurobonds to the amount of USD1.5 billion, getting closer, according to a survey by Eaglestone Securities, to

Beijing to Philippines: No sea feud talk at APEC summit

China’s top diplomat asked the Philippines yesterday not to raise contentious issues — an obvious reference to the Asian neighbors’ territorial spats — in an annual economic summit of Asia-Pacific

International crime | 254 telephone scammers sent back to mainland

A total of 254 Chinese citizens arrested in Cambodia and Indonesia for running telephone and Internet scams targeting Chinese victims were repatriated yesterday to face charges in China, the Public

Inflation eases, leaves room for stimulus

China’s inflation eased in October, leaving room for Beijing to stimulate its slowing economy if necessary. Consumer prices rose 1.3 percent over a year earlier, down from September’s 1.6 percent, government

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