Fire breaks out in Lisboa Palace on Saturday morning

The construction site of SJM’s Lisboa Palace in Cotai caught fire on Saturday morning, and listed by Judiciary Police (PJ) as an arson attack. The fire broke out on a truss platform on the construction site. Receiving the fire report at 6:00 am on Saturday, the fire department spent one and a half hours extinguishing the blaze. No-one was injured during the fire and some 10 construction workers evacuated the site themselves. The PJ found no self-igniting material on the platform and thus listed the case as an arson attack. Lisboa Palace, the construction of which was started in February 2014, is expected to open in 2017.

Government grants MOP2.18 bln in loans to SMEs as at Nov 24

The government says it has granted MOP2.18 billion (US$272.5 million) in loans via the SME Aid Scheme to local businesses since the establishment of the scheme in 2003 to November 24 this year. A total of MOP1.6 billion in loans has already been reimbursed while some MOP69.3 million in arrears was under compulsory collection. Meanwhile, from 2013 to November 24, a total of MOP146 million in loans was disbursed via the Young Entrepreneurs Aid Scheme. Some MOP10.08 million has been repaid but some MOP2.6 million is under compulsory collection.

Depositors sue junket firm Dore

Dozens of investors or depositors in junket operator Dore Entertainment Co. Ltd. demonstrated outside the Legislative Assembly yesterday voicing their demand for the return of money stolen by a former Dore employee, and accused the junket firm of dodging responsibility. One of the demonstrating depositors, who requested anonymity, said that some of his fellow depositors in Dore had already filed civil lawsuits against the company as well as Wynn Macau in order to get back the stolen money. Dore, which runs VIP operations in Wynn Macau casino, said in September that a former cage manager had allegedly used her authority to pool deposit capital offering high interest rates without the company’s knowledge.

Hong Kong estate broker Centaline Group management to restructure

Co-founder of Hong Kong real estate broker Centaline Group Shih Wing Ching is going to assume again the post as the group’s chairman starting from December 1, having vacated the position four years ago, Hong Kong’s Chinese language media has reported. Mr. Lai Ming Kai, the incumbent chairman of Centaline Group, will instead chair the group’s division for Mainland China. Responding to Chinese language newspaper am730’s query, Mr. Shih explained that the board change is in response to the group’s operational needs from Mainland China, not the group’s plan to get listed in Hong Kong. The Centaline Group currently has a sales network in Macau.

Court upholds decision: Ex-IACM chief not guilty

The Court of Second Instance has made its final decision and upheld the sentence from the Court of First Instance acquitting former Civic and Municipal Affairs Bureau (IACM) president Raymond Tam Vai Man and three of his staff of misfeasance charges in the city’s infamous burial plot case, according to a statement from the court released yesterday. The case is not subject to further appeal. The burial plot case was brought by Paulina Santos, a lawyer and former government employee. Santos filed a high-profile complaint with the Public Prosecutor’s Office (MP) in 2010, alleging that Tam and his subordinates had intentionally delayed the transfer of documents that prevented prosecutors from investigating a case involving the alleged illegal granting of 10 permanent cemetery plots dating back to 2001.

Macau to host international clean energy forum

The International Forum for Clean Energy (IFCE) will host its fourth edition in Macau from December 15 to 17, according to a press conference held in Beijing earlier this week. Scientists from the Chinese Academy of Engineering, Chinese Academy of Sciences and related think tanks will discuss China’s energy strategy. They will discuss topics such as the innovation of photo-voltaic technology, the clean technology of coal-fired power generation, and how China’s energy industries will ‘go global’ as the country prepares to roll out its Belt and Road Initiative. The Macau-based IFCE is a non-profit international organisation established in April 2012 which advances clean energy development through policy research.

Local delegates at Consumers International World Congress

Delegates of the Macau Consumer Council attended the 20th Consumers International World Congress in Brazil and participated in meetings and seminars during the Congress. The 20th Consumers International World Congress took place in Brasilia, Brazil, earlier this month. Participants in the World Congress included President of Brazil Dilma Rousseff and worldwide consumer organizations delegates. Chan Hong Sang, full-time member of the Macau Consumer Council Executive Committee, represented Macao and executed his voting rights. The theme of this World Congress was ‘Unlocking Consumer Power: A new vision for the global marketplace’.

IPIM enhances ‘soft power’ of local SMEs

Following the Business Gathering at Macau Ideas, the Macau Trade and Investment Promotion Institute (IPIM) organised the procuring networking and exchange meeting again to assist local SMEs to further develop their overseas customer network. The event, held on the first day of the 11th International Hotel Expo, aims to assist local SMEs in promoting Made in Macao products, Macao Brands, Macao Designs and Food Products from Portuguese-speaking Countries with distribution channels in Macao. Through the organisation of an array of activities, it seeks to enhance the exposure and reputation of Macau’s products, as well as developing wider overseas customer networks for local SMEs. The 11th International Hotel Expo was held from 25 to 27 November at the Convention and Exhibition Centre of The Venetian Macao-Resort-Hotel.