Business

A winning hand

Tim Chen, CEO of Macau Billionaire Poker

Macau-based poker tournament organiser, Macau Billionaire Poker (MBP) seems to have been dealt a good hand, having recently signed an agreement with major Asia-Pacific poker tour Asia Poker Tour (

Hanging up on CTM

Telecom industry representatives argue that the gov’t isn’t applying measures to make the market more competitive, after it renewed CTM’s contract.

A collective statement from the telecommunication industry sent to Business Daily expresses ‘disappointment’ that the MSAR government hasn’t offered ‘any specific measures to make the [telecom] market

Increasing help

Despite approving fewer financial assistance requests, the government’s financial support schemes for local SME’s and young entrepreneurs increased by 5.6 per cent to MOP389 million in 2016

In 2016 the local government granted some MOP389 million (US$48.7 million) in loans and grants to local SMEs and young entrepreneurs, benefiting a total of 850 firms, according to the latest data rele

CEPA exports drop 4 pct y-o-y for 2016

Local exports of zero-tariff goods to Mainland China under the Closer Economic Partnership Arrangement (CEPA) registered a decrease of 4.1 per cent for the whole of 2016, the latest official data rele

Gov’t to renew contract with CTM

The Bureau of Telecommunications Regulation revealed that the MSAR government will automatically renew the concession contract with local telecommunications operator Companhia de Telecomunicações de M

External trade jumps 1.7 pct for November

Increase boosted by overall growth in local imports

The total external merchandise trade value in the city registered a slight increase of 1.7 per cent year-on-year for the month of November last year, amounting to MOP7.6 billion (US$950 million), driv

Macau International Airport breaks passenger record

With 6.6 million people arriving and departing in 2016, the Macau International Airport scored its highest passenger movements since first opening in 1995

The number of passengers at the Macau International Airport (MIA) hit a record in 2016, according to a press release from MIA.

MSAR a bridge for ASEAN-China trade

After months of the establishment of a new Customs transit mechanism, a batch of products from Thailand was successfully transferred to the Mainland via the city

The city has played its part for the first time following an agreement signed with the Chinese General Administration of Customs as a transit platform between the Mainland and the countries of the Ass

Luso bank to launch branch in Guangzhou

The MSAR government has given the green light to Luso International Banking Ltd to set up its branch in Guangzhou city, according to a dispatch in the Official Gazette yesterday.

MSAR needs skilled personnel

Finance and law consultancy service company Perfeição Lda, founded by the ex-president of the city’s Legislative Assembly, Susana Chou, is eyeing opportunities for Sino-Luso exchanges.

Specialising in finance and law consultancy as well as translation services, Perfeição Lda is a local SME trying to be at least one of the pillars bridging Chinese business interests with Lusophon

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