Monetary Authority says sovereign wealth fund could be created

The Monetary Authority of Macau (AMCM) has not ruled out the possibility of creating a sovereign wealth fund, as recently suggested by the International Monetary Fund (IMF) in its Staff

Unemployment rate remains at 1.7 pct

The unemployment rate remained unchanged at 1.7 percent between April-June as compared to March-May. Figures released by the Statistics and Census Service (DSEC) also show that 6,500 people were unemployed

Non-resident workers exceed 150,000

Statistics from the Human Resources Office (GRH) indicated that there was a 28.1 percent increase in the number of non-resident workers in June compared to the same month in 2013

Briefs: R-Cherikoff blames raw material for failing quality test

Several Macau and Hong Kong food products, including the almond biscuit and egg roll produced by R-Cherikoff, have failed the test of the Chinese General Administration of Quality Supervision, Inspection

GAMING | Chinese developers invest in overseas casino projects

GAMING Chinese developers invest in overseas casino projects Facing a drop in profits in their home market, Chinese real estate companies are trying to participate in overseas casino projects, according to a

The tricky business of proxy betting

Proxy betting is seen as one of the fastest-growing revenue streams in Asian land-based casinos. The system allows players outside of Macau to legally place bets through a proxy, often

US companies increasingly fish for growth overseas

Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home. Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc.

Corporate Bits | Asia to host its first UFC women’s fight

Dudieva (10-3 professional MMA record, fighting out of Alagir, Russia), who will be making her UFC debut, and Phillips (4-2, fighting out of Spokane, Washington), a former Washington State Amateur

Mozambique receives funding of USD32b for infrastructure

Mozambique is one of three of the main foreign investment destinations in Africa and over the next few years is expected to be home to infrastructure projects worth an estimated

Portugal is biggest foreign investor

Portugal topped the list of foreign investors in Mozambique in the first half of the year, with a total of US$248.8 million, accounting for 40.1 percent of investments approved by

RELIGION | Toppled crosses in China spur defiance

The battle started when a government-hired crew tore down the metal cross atop the one-room church in this village surrounded by rice paddies last month. The next day, a church member

MEAT SUPPLIER | Chinese unit fell short of standards

A U.S. meat supplier said yesterday a Chinese subsidiary embroiled in a safety scandal fell short of its requirements for maintaining high standards. The president of OSI Group, David G. McDonald,

HONG KONG | Pro-democracy news site folds, citing pressure

A popular Hong Kong pro-democracy website has closed, citing political pressure, the latest sign of mounting tensions as the semiautonomous Chinese city braces for a possible shutdown of its financial

PHILIPPINES | Abu Sayyaf gunmen kill 21 civilians in road attack

Eleven other civilians were wounded as the group traveled in two vans in a coastal village in Talipao town in predominantly Muslim Sulu province, where the militants have survived in

Aquino: Not even a bomb can stop reform

An emotional Philippine President Benigno Aquino III called his opponents desperate and expressed confidence that many people will carry on his reforms even if he is stopped by a bomb. Aquino

THAILAND | Girls killed, hurt in attack in southern town

A 12-year-old girl was killed and seven people, including two other girls, were wounded in a roadside bomb attack near an army base in Thailand's insurgency-plagued south, police said yesterday. Suspected

Sri Lankan asylum seekers fly to Australia

More than 150 Sri Lankan asylum seekers who languished on an Australian customs vessel for weeks have been temporarily brought to a detention center on Australia's mainland where their identities

UKRAINE | Police team turns back from plane crash site

An international police team abandoned its attempt to reach the crash site of a Malaysia Airlines plane for a second day running yesterday as clashes raged in a town on

GAZA STRIP | Israeli strikes, rocket fire, break lull

Israeli jets struck three sites in Gaza yesterday after a rocket was launched at Israel, the military said, disrupting a relative lull in the war-torn territory at the start of

This Day in History: 1968 Pope renews birth control ban

Most members of the Pontifical Commission, set up by Pope Paul’s predecessor Pope John XXIII, argued it was time for the Church to face the realities of the modern world. They

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