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  • September 18, 2014
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  1. Macau's casino industry gets back on a roll

    Posted Apr 18th 2006, 12:00am by Fox Yi Hu

    ... of this year after recording its lowest recent year-on-year growth last year. Latest figures provided by the Macau government economist Lao Pun-lap also show that the gaming sector remained its largest ... period last year. The sector's annual revenue growth rate was 11.3 per cent last year, the lowest since the handover of the former Portuguese enclave to China in 1999. Mr Lao said gaming tax ...

  2. Gambling helps fuel 18pc growth in Macau

    Posted May 31st 2006, 12:00am by Fox Yi Hu

    ... Per capita tourist spending for January-March rose by 5 per cent over the same quarter last year to 1,562 patacas. Government economist Lao Pun-lap said the higher-than-expected quarterly GDP ... in 2004. 'Compared to Hong Kong's large and broad-based economy, Macau has a small economy susceptible to the performance of its pillar industry [the gaming sector],' Mr Lao said. He ...

  3. Public projects get tiny slice of Macau's billions

    Posted Jul 29th 2012, 12:00am

    ... spending, with just 2.2 per cent of GDP going to learning- behind even poverty-ravaged Laos. 'Public investment is practically frozen, said Tiago Azevedo, editor at the Macau Business Daily. ...

  4. Macau property sector caught out by suspension of migrant scheme

    Posted Apr 10th 2007, 12:00am by Fox Yi Hu

    ... even more on completed apartments,' said Carman Lao, manager of San Ka Seng Properties. 'But now they don't know what to do with the purchases.' To qualify, applicants had ... often from a small African or island nation, was usually between 40,000 and 50,000 patacas, plus an agent's commission of 10,000 patacas. Ms Lao said tough competition had prompted some ...

  5. Entertainment listings: the pick of what's on

    Posted Jul 11th 2008, 12:00am by Staff Reporter

    ... 5pm, lakeside amphitheatre of Av da Praia, Carmo Zone, Taipa Island, free. Inquiries: (853) 8988 4127 or www.iacm.gov.mo Cat City Hui Koc-kun directs Poon Wai-sum's adaptation of Lao ...

  6. Third mainland catering chain opens Macau outlet

    Posted Jul 18th 2006, 12:00am by Fox Yi Hu

    ... Government economist Lao Pun-lap said mainland-style catering outlets could bring much-needed variety to the industry. ...

  7. Macau looks on enviously at HK's relaxed travel policies

    Posted Mar 06th 2009, 12:00am by Fox Yi Hu

    ... multiple-entry permits for Hong Kong. About 2.6 million Shenzhen residents will be eligible for such permits starting from April 1. Macau government economist and legislator Lao Pun-lap said a joint ... that they would ask the central government to allow Guangdong residents multiple-entry permits for visiting Hong Kong and Macau. Mr Lao said he was hopeful that the travel curbs targeting Macau would ...

  8. Macau riders protest against tougher law

    Posted Oct 01st 2007, 12:00am by Fox Yi Hu

    ... day has only 850 taxis. 'I wouldn't be riding a motorcycle if there was a good bus network,' said demonstrator Benjamin Lao. In an attempt to avoid a large turnout ...

  9. Encouraging growth

    Posted Feb 15th 2005, 12:00am by Freda Wan

    ... Vietnam, Laos and Burma, as well as internet betting sites, according to official Chinese media. The campaign alarmed the local community, whose livelihood depends on casinos and tourism. ...

  10. Steps to rein in social ills hearten the public

    Posted Apr 25th 2008, 12:00am by Fox Yi Hu

    ... Kenny Lao, 48, said he was happy with the government's latest moves, although more should be done to restore public trust in the administration. 'Casinos are getting out of hand so ...




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