Entries Categorized as 'Social and Politics'
April 28, 2008
More than one rally which were originally planned to be staged on May 1 demanding measures to tackle illegal workers as well as soaring living costs could be called off after the Chief Executive announced the two-billion pataca subsidy for Macau residents on Tuesday, reports Macau Daily Times.
According to lawmaker and chief member of the New Macau Association, Au Kam San, the latest government announcement of distributing a one-time 5,000 pataca or 3,000 pataca subsidy to every permanent and non-permanent resident in July did “cool down the May 1 rally sentiment”.
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Posted in Economy, Edmund Ho, Employment, Macau General, Macau Government, Social and Politics 
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April 25, 2008
Macau’s financial health is solid although there are some risks that make the territory vulnerable to external shocks, according to US ratings agency Moody’s Investors Service.
“Macau’s solid fiscal position has produced considerable public sector surpluses over the past five years and because it does not have any public debt that needs to be repaid, its budget surpluses are all saved,” said Steven Hess, senior credit analysts of Moody’s sovereign risk unit.
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Posted in Economy, Economy & Business, Macau Business, Macau General, Macau Government, Social and Politics No Comments »
April 11, 2008
The Macau government is waiting for approval from the central government in Beijing to begin works on the reclamation land projects which are expected to total an area of around five square kilometers.
The secretary for transport and public works, Lau Si Io, said the project plan is based on that of 2006, which the local government handed to the central government for appraisal and approval, which has now entered the final stage.
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Posted in China, Development, Infrastructure, Macau General, Macau Government, Macau Property, Social and Politics No Comments »
March 29, 2008
At the end of the fourth quarter of 2007, there were 44,743 paid employees engaged in the Macau Gaming Industry, up by 22.9% year-on-year. Analyzed by occupation, 30,486 were engaging in positions that are directly related to betting services, such as hard and soft count clerks, cage cashiers, pit bosses, casino floorpersons, dealers, betting service operators, etc., corresponding to a year-on-year growth of 34.5%; meanwhile, 5,341 were working as casino and slot machine attendants/hosts, security and surveillance workers, etc., down by 5.3% from a year earlier.
In December 2007, average earnings (excluding bonuses and allowances) for full-time employees in the Gaming Industry rose by 6.6% year-on-year to US$1,862. Average earnings for employees in positions that are directly related to betting services stood at US$1,867, up by 2.0% over December 2006. The average earnings for services and sales workers, including casino and slot machine attendants/hosts, security and surveillance workers, etc., increased by 10.9% to US$1,119.
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Posted in Cotai Strip, Economy & Business, Employment, Entertainment, Macau Casino, Macau General, Social and Politics No Comments »
March 13, 2008
The Macau government announced that it is making available US$ 101 million for a string of financial support measures to alleviate the impact of inflation among the territory’s most needy citizens.
Inflation in Macau hit 8.3 percent in January, the highest level recorded since 1999.
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Posted in Economy, Employment, Macau General, Macau Government, Social and Politics No Comments »
March 10, 2008
As reported by Blog Macau Info, the Hong Kong-Zhuhai-Macau Bridge project may take 36-and-a-half years to break even, admitted the Governor of Guangdong Province.
Huang Huahua said in Beijing as a deputy to the National People’s Congress (NPC) that is currently being convened that the construction cost of the bridge may reach US$5.62 billion, while the ports and connection facilities will be assumed by the authorities of the three territories respectively.
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Posted in Development, Economy & Business, Infrastructure, Macau Business, Macau General, Macau Government, Macau Investment, Social and Politics No Comments »
March 9, 2008
The activities of Macau’s gangsters, or triads are being kept in check by a plentiful market and the watchful eye of the Mainland government, according to a local university professor, reports Macau Daily Times.
Underworld figures that operate in casinos are being careful not to step out of line in fear of retribution from the Mainland government, Eilo Yu, assistant professor from the University of Macau’s (UM) department of government and public administration said yesterday.
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Posted in China, Economy, Macau Casino, Macau Gaming, Macau General, Macau Government, Macau News, Social and Politics No Comments »
March 5, 2008
The Macau Science Museum near the Cultural Centre at Nape, which was expected to be completed in 2007, began to show its rough outlook.
The Science Museum, which was designed by the world renowned designer Leoh Ming Pei, is expected to cost approximately US$425 million.
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Posted in Macau General, Macau Government, Macau Museums, Macau Science Museum, Macau Tourism, Social and Politics No Comments »
