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Quiet after the storm

Damage caused by Typhoon Hato and the recent Legislative Assembly elections have caused a lull in the real estate market, with total transactions falling 22 pct m-o-m and 20 pct y-o-y.

After the damage caused by Typhoon Hato and the recent Legislative Election, the real estate market has been quiet since the end of August, points out Jane Liu, managing director of Ricacorp (Macau) P

Sino-Luso offshore allowed

Starting from today, the MSAR will allow the establishment of offshore operations related to trade and services between Portuguese-speaking countries and mainland China

The MSAR will now allow the opening of offshores related to trade and services between Portuguese-speaking countries and mainland China starting from today, according to a release in the Official Gaze

Hotel and the city

The hotel sector posted a 9.3 per cent increase in revenue year-on-year in 2016, amounting to MOP28.47 billion, according to the results of the survey conducted by the Statistics and Census Services (

Moved by discontent

More awareness of social issues by young residents and discontent created by the government’s response to Typhoon Hato, could have led to a higher turnout in voters at this year’s Legislative Assembly

Societal discontent over the government’s lack of preparation for and handling of Typhoon Hato likely led to a higher turnout at this year’s Legislative Assembly elections, providing a backlash agains

Imperial Pacific’s default accounts on the rise

However the Hong Kong-listed company announced current impairment on trade receivables is ‘in line with global industry standards’

Casino operator Imperial Pacific International (IPI) Holdings Limited announced some HK$1.27 billion (US$162.87 million/MOP1.31 billion) in impairment of trade receivables due from its ten largest cus

UnionPay retail merchants on the line

Control over the use of mainland China-issued UnionPay cards might increase, and it won’t be over ATMs, suggests analyst

The use of UnionPay retail merchant facilities, rather than ATMs, can explain a rise in demand for cash from mainland Chinese UnionPay (CUP) cardholders betting on premium mass tables in Macau, accord

Not written law

Legislator and lawyer Leonel Alves stated there is no written law establishing specifically that those holding high-level public positions that are judged by the Court of Final Appeal can’t appeal the

Legislator Leonel Alves stated that he was worried about the insistence by the Court of Final Appeal to deny an appeal to defendants holding high-level political offices, stating that this rule is “no

Border Gate Bus Terminal revamp project slated for completion in Q4 2019

GDI head says the budget for the big revamp will only be confirmed when the tender is decided

In the wake of the extensive damage resulting from Typhoon Hato, the revamp and upgrade project of the Border Gate’s underground bus terminal is expected to only be fully reopened for public use by th

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