Members confirmed for asset freezing committee

Committee members are confirmed for co-ordinating the implementation of the newly established law on asset freezing, according to an announcement in the Official Gazette yesterday. The committee comprises seven members and the Commissioner General of Unitary Police Services, Ma Io Kun, will serve as co-ordinator of the committee.
The President of the Administrative Committee of Macao Monetary Authority, Teng Lin Seng, Co-ordinator of Financial Intelligence Office, Ng Man Seong, and Director of Judiciary Police, Chau Wai Kuong, are also members of the committee.
Other members include representatives from the Public Prosecutor’s Office, Macau Customs Service and Legal Affairs Bureau.
The asset freezing law was implemented on August 30, 2016.

Asset freeze law becomes effective

The asset freeze law will come into effect starting today, the Official Gazette announced. The law was passed to fill a gap in the city’s legal framework related to financial sanctions for terrorist activities. The content of the law includes the immediate freezing of assets of individuals proven to be involved in the financing of terrorism. If mandated by the United Nations Security Council, based upon a locally developed list of individuals proven to be funding terrorism and by request from another jurisdiction, the local government would also have to comply and freeze the assets.
Moreover, the law enables a list of designated individuals or entities that are believed to be involved in financing terrorism to be compiled by the authorities.
The bill was passed by the Legislative Assembly on August, 12 2016.

Soil exploration contract granted

The Civil Engineering Laboratory of Macau has been granted a project contract to undertake soil exploration for a public housing project in Avenida de Venceslau de Morais, according to a dispatch signed by Chief Executive Fernando Chui Sai On and published in the Official Gazette yesterday. The contract is worth a total of MOP5.73 million (US$717,412). The payment will be divided into two instalments over two years. An amount of MOP2.87 million (US$358,706) will be paid in 2016 and again in 2017. This expense will be classified under ‘Investment Plan’ in the MSAR financial budget.

Road works for Zone E2 to start in Q1

The government is to kick off the construction of roads and emission networks for the reclamation area Zone E2 during the first quarter of next year, according to the Land, Public Works and Transport Bureau (DSSPOT). The reclaimed zone is located in front of the local airport and the Pac On temporary ferry terminal. The construction area will occupy 30,000 square metres, and a new traffic lane of 1.1 kilometers will be built. The Bureau said that it had received 11 bids for the construction project, but it has not yet released the proposed costs submitted by the bidders.

18 infrastructures to cost at least MOP31 bln

The government told the second standing committee of the Legislative Assembly yesterday that budgets for the city’s 18 infrastructure projects between 2016 and 2027 total some MOP31 billion (US$ 3.9 billion). Of the total, the budget for the light rapid transit (LRT) reaches MOP3.5 billion. However, the amount is only for all design works and construction of tenders opened, but does not include construction costs for works that bids have not yet been opened for. Meanwhile, the budget for the Islands District Medical Complex between 2016 and 2020 is MOP7.4 billion, while that of the new prison is MOP1.9 billion to 2019.

Macau ranked 24th in global index of ICT access

Macau is ranked 24 of 167 countries in the ICT Development Index by the International Telecommunication Union this year. The index measures the level of access, use and skills of information, communication and technology of a country or region. The Special Administrative Region scored 7.73 this year vis-a-vis 7.38 in its 2010 ranking, despite dropping from 14th. Meanwhile, Hong Kong occupies 9thplace in the index, scoring 8.52, while Mainland China is ranked 82nd. South Korea is ranked first, followed by Denmark and Iceland.

Tourist Office clarifies no gaming-promotion text sent

Macau Government Tourist Office (MGTO) said on Saturday that it had not sent any text messages promoting online gambling themed ‘Experience Macau[, saying in a press release that, ‘MGTO clarifies that the Office has not sent out any of the related messages’. According to MGTO, the content of the messages involved inviting users to join certain online casinos settling in cash. The government department said it had reported the case to the Gaming Inspection and Co-ordination Bureau, Judiciary Police and the Bureau of Telecommunications Regulation.

Centro Comercial Teatro Capitol to be renovated

Businessman William Kwan Wai Lam revealed to reporters on Saturday that unit owners of Centro Comercial Teatro Capitol, known as ‘Kuok Wa Cinema’ in Rua de Pedro Nolasco da Silva, have agreed in principle to renovate the property into a mall and cinema complex. The original cinema in the property has been abandoned for years. Mr. Kwan, who is one of the unit owners, claimed that he will co-operate with the property management committee to turn the cinema into a base for local culture and creative industry, by screening micro-films produced by local filmmakers. The planned renovation is estimated to take one year.