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  1. Commission makes U-turn over board meeting minutes

    Posted May 04th 2009, 12:00am by Gary Cheung

    ... Gary Cheung The Equal Opportunities Commission initially refused to disclose minutes of its board meeting, but relented after the South China Morning Post raised the matter with the policy bureau that oversees the commission. The Post filed a request to the commission on April 23 for the minutes of its June 19, 1997 board meeting at which it endorsed the purchase of life insurance ...

  2. European exchange scheme extended

    Posted Feb 21st 2009, 12:00am by Liz Gooch

    ... Commission's Erasmus Mundus programme, more funding will be earmarked for non-European students to study in Europe. From 2004 to 2008, the Erasmus Mundus programmes offered more than 6,000 scholarships ... comprises two elements. Robert Wagenaar, a higher education expert for the European Commission and director of studies at the University of Groningen in the Netherlands, said the first component ...

  3. EU urges 'gradual appreciation' of yuan

    Posted Nov 30th 2009, 12:00am by Will Clem

    ... a gradual and orderly appreciation of the renminbi,' he said. Juncker, leading a European economic delegation, called on Beijing to drop the currency's 'de facto' peg to the US ... the meeting with Wen, and earlier discussions with officials from the Ministry of Finance, the National Development and Reform Commission, and the People's Bank of China, the mainland's ...

  4. Few aware of Elderly Commission

    Posted Nov 09th 2009, 12:00am by Adrian Wan

    ... Adrian Wan More than 60 per cent of respondents to a survey said they had not heard of the Elderly Commission, and 80 per cent of those who had heard of it were unhappy with its performance. The result showed that the commission had not carried out its duties of monitoring the quality of social services for the elderly, social welfare legislator Peter Cheung Kwok-che, who ...

  5. Privacy Commission rapped for large office, overspending on rent

    Posted Nov 26th 2009, 12:00am by Staff Reporter

    ... The Privacy Commission is renting 58 per cent more office space than it is entitled to under government standards, costing taxpayers an extra HK$143,500 a month, the Director ... The commission pays monthly rent of HK$393,000 - covering management fees, air conditioning charges and government rates - for a two-floor office with 1,154 square metres of floor space. The audit calls ...

  6. Cap on junket commissions boosts gaming stocks

    Posted Sep 22nd 2009, 12:00am by Staff Reporter

    ... Neil Gough Shares in Macau gaming firms soared yesterday after the government formally implemented a long-anticipated cap on the commissions that casinos in the city pay to their VIP junket agents. Secretary for Economy and Finance Francis Tam Pak-yuen yesterday issued the order, published in the government gazette, which stipulated commissions be set at 1.25 per cent of VIP ...

  7. SJM profit dives 40.8pc on higher commissions

    Posted Sep 16th 2009, 12:00am by Staff Reporter

    ... the company paid out higher VIP junket commissions to win business. Aggressive cost-cutting failed to offset the higher commission payments to the junket agents who bring in high rollers, lend them ... and promotion expenses, which consist mainly of junket commissions, rose to 38.7 per cent of gaming revenue, up from 35.7 per cent a year ago and 36.1 per cent in the second half of last year. ...

  8. Devil lurks in the details of rules capping VIP junket commissions

    Posted Sep 25th 2009, 12:00am by Staff Reporter

    ... Neil Gough Macau this week officially capped junket commissions at 1.25 per cent of VIP chip sales, effective immediately, and casinos have until Thursday to turn in amended junket ... There's only one little problem. The government is capping commissions paid on VIP chip sales, but most casinos in Macau don't pay their junket agents a commission on VIP chip sales. Instead, ...

  9. Casino stocks soar on talk of cap on commissions

    Posted Jul 16th 2009, 12:00am by Staff Reporter

    ... Neil Gough Shares in Macau casino companies surged yesterday on hopes that gaming companies in the city would boost profit margins by co-operating to lower the commission rates paid to VIP ... City of Dreams casino resort would co-operate with rival Las Vegas Sands Corp's Venetian Macao to voluntarily cap junket commissions at 1.25 per cent. If enforced, that cap would ...

  10. Cap on commissions to junkets backed by fines

    Posted Aug 11th 2009, 12:00am by Staff Reporter

    ... Neil Gough The Macau government made official yesterday a long-anticipated cap on the commissions casinos pay the VIP junket agents that bring in high rollers, issue credit and collect ... penalties for casinos or junket agents found breaching the cap. The new rules take effect on September 9. The regulations do not stipulate the specific level at which commissions will be capped, ...




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