March 13, 2008The 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.
Posted in Economy, Employment, Macau General, Macau Government, Social and Politics 
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March 12, 2008Macau’s gaming revenue for this year is expected to see a double-digit increase, the total of which will reach US$12.5 billion, said Lau Pun Lap, member of the Legislative Assembly.
He estimated that this year’s gaming revenue growth will be lower than last year, but as industry development keeps its momentum, a double-digit increase can be sustained this year. Please tell me more! »
Posted in Cotai Strip, Economy, Economy & Business, Macau Business, Macau Casino, Macau General, Macau Government No Comments »
March 10, 2008As 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.
Posted in Development, Economy & Business, Infrastructure, Macau Business, Macau General, Macau Government, Macau Investment, Social and Politics No Comments »
March 9, 2008The 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.
Posted in China, Economy, Macau Casino, Macau Gaming, Macau General, Macau Government, Macau News, Social and Politics No Comments »
March 5, 2008The 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.
Posted in Macau General, Macau Government, Macau Museums, Macau Science Museum, Macau Tourism, Social and Politics No Comments »
March 4, 2008The former secretary for transport and public works, Ao Man Long who took a cool US$100 million in bribes and now is serving a 27-year jail sentence for serious corruption charges, admitted yesterday to having received money from companies including Seng Meng Fai.
Ao was a witness in his family’s trial and rejected claims that his relatives and wife had knowledge of what the former secretary was doing. Ao also told the court his family did what he asked without ever questioning him or the activities involving grand sums of money and offshore accounts.
Posted in Economy & Business, Infrastructure, Macau Business, Macau General, Macau Government, Social and Politics No Comments »
March 3, 2008Rumors are flying that Rafael Hui Si- yan has his eyes on becoming Macau’s next chief executive. National People’s Congress Standing Committee member Dr Stanley Ho, who is in Beijing, was ominously silent about it yesterday.
The refusal by the “god of gambling” to say anything on the subject suggests that there is more to that rumor than meets the eye.
Posted in Macau General, Macau Government, Social and Politics, Stanley Ho No Comments »
February 29, 2008The 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.
Posted in Development, Infrastructure, Macau Business, Macau General, Macau Government, STDM | SJM, Social and Politics, Stanley Ho 1 Comment »
