Macau secured its AA- rating from the international agency Fitch Ratings, despite its forecast of 16 percent economic contraction in the region this year. According to a press release issued last
Residents’ deposits decreased by 0.8 percent month-on-month in July to MOP473.7 billion. MOP and USD deposits increased 3.4 percent and 7.7 percent respectively, while those in HKD and RMB decreased
On 11 December 1904, Portugal and China signed a convention for the construction of a railway between Guangzhou and Macau. The Portuguese would operate it for 50 years and then
Cambodia is seeking junkets to lure in more high-stake Chinese gamblers, as high rollers shy away from Macau under the intensified crackdown by mainland authorities, the Phnom Penh Post reported. The
Chief Executive Chui Sai On has pledged to make economic diversification a priority in order to encourage the development of small and medium-sized enterprises while maintaining stability in the local
Alibaba’s Jack Ma, China’s second-richest person, made headlines last year when he visited Hollywood looking for deals. He met with studio executives such as Sony Pictures’ Michael Lynton and sat
“Today we are here to celebrate 100 days since the grand opening of JW Marriott Hotel Macau,” said Brian Tong, General Manager of JW Marriott Hotel Macau. “We are thrilled
China’s central bank governor says its currency has stabilized, in an apparent effort to dispel fears of more big declines following a surprise devaluation that rattled global markets. The yuan’s exchange rate
Tonhe Electronics is a casualty of Beijing’s frantic effort to stop a stock market bust. The maker of electrical equipment, part of a technology industry the ruling Communist Party wants to
The death toll from an explosion at a chemical factory in eastern China last week has jumped to 13 after search and rescue efforts ended, a city government said. A factory
Far from weakening the Chinese military, the troop cuts announced by President Xi Jinping will help counter U.S. advantages and improve the country’s ability to project force further from its
A group of strongly built young men gathers early in the morning in the suburbs of Yangon to work on their fighting skills. Some of them jump on cast-off tires
Thailand’s military-backed legislature yesterday rejected an unpopular draft of a new constitution, delaying a return to democracy following a coup last year. The junta-picked drafters had hoped the proposed charter would move
Ten people died and an undetermined number of others were missing after a fishing boat capsized off South Korea’s southern coast, maritime officials said yesterday. Three people were rescued and flown to a
The 3-year-old boy could have been dressed for preschool. Instead he was lying face down in the surf. Suddenly offers of money, meals and refuge are pouring in to help the
The Vatican will shelter two families of refugees who are “fleeing death” from war or hunger, Pope Francis announced yesterday as he called on Catholic parishes, convents and monasteries across
For weeks while they traveled a punitive road, Europe cast a cold eye on their unwelcome progress. On Saturday, for the first time since fleeing their troubled homelands, they could
The Ministry of Home Security said the scale of the attacks was the largest the Germans had yet attempted. “Our defenses have actively engaged the enemy at all points,” said a
With the Mid-Autumn Festival just around the corner, a senior disciplinary official has issued a stern warning against corruption and extravagance. While lauding the Communist Party of China’s (CPC) fight against
Lewis Hamilton cruised to his seventh win of the season at the Italian Grand Prix on Sunday, and nearly doubled his Formula One lead over Mercedes teammate Nico Rosberg, whose
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