Billionaire Ng probe yielded earlier arrest, lawyer says

The U.S. secretly arrested a third person as part of an investigation of billionaire Macau developer Ng Lap Seng, a lawyer for his assistant told a federal magistrate Tuesday. That person’s name

Property sales drop 22 percent y-o-y

The average price per square meter of property in Macau fell 16.87 percent in August year-on- year. Data released by the Finance Service Bureau (DSF) yesterday indicates that August property sales

Aurelio Porfiri Musician | Macau has ‘development without a direction’

Aurelio Porfiri worked as a substitute organist at the Vatican City Vicariate in St. Peter’s Basilica when he moved to Macau from his native Italy back in 2008, joining the

Wealth Partaking | Scheme 81.9 percent of cheques withdrawn

The Finance Services Bureau also commented that their Support Centre for Wealth Parking Disbursement has handled 25,620 enquiries since it opened on July 6. Most of the visitors to the

Gaming | Leong estimates MOP16 billion revenue in Sept

The secretary noted that gaming revenue in September is usually lower than that in August. In previous years, the average drop was between MOP2 billion and MOP3 billion. When questioned about

Statistics | Merchandise imports remain stable

Merchandise imports from mainland China increased by 13.2 percent year-­on-year in the first eight months of the year to MOP20.98 billion. According to the Statistics and Census Service, imports from

Corporate Bits | MGM resorts announces funding for panda vaccine program

MGM Resorts International announced last week that it would fund vaccines needed in panda reserves at the China Conservation & Research Center for the Giant Panda (CCRCGP).  The immunization program

Energy | Chinese solar company blames short-sellers for stock trouble

The chairman of a troubled Chinese solar panel manufacturer has denied wrongdoing and blamed short-selling by hedge funds for a plunge in the price of its Hong Kong-traded shares. Hanergy Thin

Real Estate Matters | All you wanted to know about property investment Part 7 – Calculating your return on an investment property

Juliet Risdon is a Director of JML Property and a property investor. Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties

Guangxi | Explosions kill 7, injure dozens in southern city

A series of explosions targeting public buildings in a small city in southern China killed at least seven people and injured dozens yesterday, officials and state media said. The official Xinhua

China holding 2 Japanese citizens on spying allegations

China has arrested two Japanese citizens on spying allegations, officials said yesterday. Japanese Chief Cabinet Spokesman Yoshihide Suga told reporters that the two were detained in May, one in Zhejiang province

Hong Kong | Asia tycoon Li on defensive after attacks from Chinese media

Hong Kong billionaire Li Ka-shing has defended his business strategy against accusations from China’s state media that he is abandoning investments in the world’s No. 2 economy because of its

China in line to build Indonesia high speed rail

China has emerged as the likely builder of Indonesia’s first high-speed rail line after Indonesian officials rejected Japan’s requirement for a government guarantee of loans, officials said yesterday. Regional rivals China

Singapore | Authorities hold 2 for allegedly trying to join Islamic State

Singapore's government said yesterday that it has been holding two of its citizens since August for attempting to make their way to Syria to join the Islamic State group. Muhammad Shamin

Philippines | Rights group says child miners risk lives in gold mines

Thousands of Filipino children, some as young as 9 years old, risk their lives by working in illegal, small-scale gold mines under terrifying conditions and the government has not done

South Korea | Asia’s largest movie festival set to kick off in Busan

Asia’s largest movie festival kicks off today at a time when the region’s influence on the global movie industry is on the rise. Entering its 20th year in the South Korean

Middle East | Russia confirms start of airstrikes in Syria

Russian military jets carried out airstrikes against the Islamic State group in Syria yesterday for the first time, the defense ministry said. The airstrikes targeted IS positions, vehicles and warehouses that

Diplomacy | US, Cuba leaders meet for 2nd time in this year

Making good on a pledge to change U.S. posture toward Cuba, President Barack Obama held talks yesterday (Macau time) with Cuban President Raul Castro, the second time the leaders of

This Day in History | 1970 Mourners killed as Nasser is buried

The funeral cortege should have been a sombre state ceremony attended by 40 major-generals and 5,000 troops. But as the president’s bier passed through the capital towards its final resting place,

Offbeat | Elephants, crocodiles kill 7 people at Malawi park

Beware of the wildlife. Elephants and crocodiles have killed seven people in separate incidents over a seven-week period in an around a wildlife park in Malawi, the park’s managers said. African Parks,

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