The Buzz | Look to Macau for signs of China turning points: Schroders

Looking for a leading indicator of turning points in the Chinese economy? Look to Macau casino earnings, says Keith Wade, chief economist and strategist at Schroders, which has 276.2 billion

World briefs

CHINA A wall at the side of a school basketball court collapsed during a game, killing five girls and injuring two others, local officials in eastern China said yesterday. The

S Korea | Nuts! Flight delayed by first class spat

A recent Korean Air Lines flight was delayed when its chairman’s daughter, who is also vice president responsible for cabin service at the airline, ordered a senior crew member off

Stanley Ho’s eldest daughter dies at 67

Jane Ho — the eldest daughter of Macau business magnate Stanley Ho and his first wife, Clementina Angela Leitão (1942–2004) — died on December 4 in Hong Kong at the

Li Gang ‘Build another Macau on the mainland’

The director of the Central Liaison Office, Li Gang, stressed that participation in regional economic cooperation is crucial to Macau’s development of a diversified economy. Speaking to mainland media, he

City ranks 3rd most expensive in world accommodation

Macau has ranked third most expensive city in the GoEuro Accommodation Price Index, which studies 150 cities and over 60,000 properties. The index shows that local accommodation costs on average USD168

Gaming | Analysts dismiss ‘transit visa panic’ concerns

A “transit visa panic” has been gripping Macau investors, according to a report published by Forbes yesterday. “Reports last week of tightened restrictions on transit visas, along with a Chinese

Outgoing secretaries get key administration posts

The outgoing Secretary for Social Affairs and Culture, Mr Cheong U, will move on to an appointment as Vice President of the Macau Foundation’s Administrative Council, according to an article

Sands China and Clean the World join forces to produce hygiene kits

Sands China and Clean the World have joined forces to produce 20,000 hygiene kits, which will be donated to local institutions as well as other charities in the Southeast Asia

Briefs | PLA Macau Garrison celebrates 15th anniversary

The People’s Liberation Army Macau Garrison held a celebration yesterday for the 15th anniversary of its stationing in Macau. Chief Executive Chui Sai On recognized the garrison’s strong sense of

15th MSAR anniversary in Beijing | Gaming operators willing to ‘help diversify’ local economy

Gaming operators highlighted Macau’s exponential growth over the past fifteen years, but believe that efforts toward diversifying the MSAR’s economy are now crucial. Representatives of various gaming operators traveled to

REAL ESTATE | Interview with Juliet Risdon | ‘There’s a whole correction in the market’

With extensive experience in Macau’s real estate industry, Juliet Risdon, director and designer at JML Property, stresses that there’s a whole correction occurring in the market, and one that is

Yuan drops to lowest since July on trade data, swap-rate surge

China’s yuan fell to the lowest level since July after the slowest export growth in seven months, and swings in interest- rate swaps and bond yields fueled concern about the nation’s

Portugal’s financial sector arouses China’s interest

Chinese companies are now positioning themselves to acquire the main assets of the beleaguered Espirito Santo group, a part of the Portuguese banking system for over a century, with arms

Mozambique | World Bank lends USD110 million for poverty reduction

The World Bank approved a  USD110 million loan  to support the Mozambican State Budget and the country’s official plan to reduce poverty for 2014, the World Bank said in a

TAIWAN | Pro-independence protests break out as top mainland negotiator arrives

Supporters of Taiwan’s opposition were protesting the arrival of Chinese official Chen Deming, president of the Association for Relations Across the Taiwan Straits, as he arrived in Taoyuan, Taiwan, yesterday

Report: Ivory prices soar on new demand

Street prices for illegal ivory are soaring in China, where newly wealthy middle and upper class citizens are buying carved ivory and whole tusks as a status symbol of their riches,

Leaders stress ‘new normal’ theme at key economic meeting

China’s leaders gathered for an annual meeting to map their economic plans for next year under the theme of “new normal,” a phrase adopted by President Xi Jinping to reflect

Hong Kong police: protest camp shutdown tomorrow

Police warned Hong Kong pro-democracy activists that they have until tomorrow to leave a sprawling protest camp which has blocked traffic in the Chinese financial hub for more than two months.

Uighur scholar Tohti’s students sentenced to up to 8 years

China sentenced seven students of incarcerated scholar Ilham Tohti, a member of the country’s Uighur minority, to three to eight years in prison for separatism, Hong Kong government broadcaster RTHK

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