Entries from February 2008
February 29, 2008
The governments of Hong Kong, Guangdong, and Macau yesterday endorsed the financing scheme for bridges linking the three places and the massive project will soon proceed to public tenders. Macau’s casino magnate Dr Stanley Ho has said that he is interested in bidding for the project.
It is expected a number of state- owned enterprises will play a major role in building the bridges expected to cost between US$4-5 billion. The Hong Kong listed China Communication Construction Company and China Railway have a long history in building infrastructure projects in the mainland, Hong Kong and overseas.
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Posted in Development, Infrastructure, Macau Business, Macau General, Macau Government, STDM | SJM, Social and Politics, Stanley Ho 
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February 25, 2008
Austal has signed a contract for four additional 47.5 metre passenger catamarans with Cotai WaterJets (Macao) Ltd, adding to the initial ten-vessel contract signed in 2006 by sister company Venetian Marketing Services Limited (VMSL).
CotaiJets Maiden Voyage by aomen.tv
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Posted in Macau News No Comments »
February 25, 2008
The local government logged 3.962 billion patacas (US$495 million) in total revenue last month, up 37 percent year-on-year, the government said.
The latest statistics released by the government showed that a major share of the total revenue for January this year came from direct gaming taxes, which saw an increase of 30.9 percent year-on-year to 3.09 billion patacas (US$386 million).
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Posted in Economy & Business, Macau Business, Macau Casino, Macau Gaming, Macau General, Macau Government, Social and Politics No Comments »
February 25, 2008
Despite blistery and snowy weather conditions, Macau still managed to increase visitor arrivals to 2,371,754 in January 2008, a year-on-year increase of 16.3%. Visitors from Mainland China (1,421,782) and Southeast Asia (109,738) grew by 23.0% and 58.2% respectively, while those from Hong Kong (581,860) decreased by 3.7%. Same-day visitors accounted for 52.3% of the total arrivals, at 1,240,119.
The majority of the visitors came from Mainland China and Hong Kong, which accounted for 59.9% and 24.5% of the total respectively. Among the Mainland visitors, 42.2% (600,324) travelled to Macao under the Individual Visit Scheme.
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Posted in China, Economy & Business, Macau Airport, Macau Ferry, Macau General, Macau Government, Macau Tourism, Travel No Comments »
February 23, 2008
The value of retail sales for the fourth quarter of 2007 was estimated at MOP4.2 billion (US$525 million). Retail sales of watches, clocks & jewellery took the largest share of 17% of the total, which was followed by sales of motor vehicles (13%), goods in department stores (12%), goods in supermarkets (9%) and adults’ clothing (9%).
The value of retail sales in the fourth quarter of 2007 registered an increase of 16% compared with the MOP3.6 billion in the preceding quarter. As against the MOP3.0 billion sales in the fourth quarter of 2006, the value of retail sales in this quarter grew remarkably by 40%.
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Posted in Macau News, Macau Retail, Macau Tourism, Shopping No Comments »
February 23, 2008
Local legislator and president of CAA City Planning and Engineering Consultants, Jose Sai-Peng Chui, presented diagrams showing how new land developments earmarked for urban development were switched to almost 100 per cent hotel and gaming use.
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Posted in Infrastructure, Macau Casino, Macau General, Macau Government, Macau Real Estate, Social and Politics No Comments »
February 23, 2008
‘Macau Daily Times’ Chief Editor John Lawrence says the nearly 7-month-old newspaper reports news from mainland China “without fear or favour”
There are two things I’ve always wanted to do: Write my own newspaper column and — more recently — edit a daily newspaper.
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Posted in Macau Business, Macau General, Macau Government, Macau News, Social and Politics No Comments »
February 23, 2008
The Macau government has selected seven international companies to present proposals for consultation on the first phase of construction of the light railway that is due to be finished in 2011, officials said Thursday.
Extending over 20 kilometers, the light railway is expected to cost around 4.2 billion patacas (US$525 million).
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Posted in Cotai Strip, Development, Infrastructure, Macau General, Macau Government, Macau News, Social and Politics No Comments »
