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The Macau Metro Monitor, April 20, 2011

MACAU RESIDENTS TO GET HANDOUTS RTHK news

Another cash handout is coming.  In 2H 2011, every permanent resident will receive MOP 3,000, while each non-permanent resident will receive MOP 1,800, according to Macau CEO Chui.  This follows the HK government's announcement of a HK $6,000 handout to each adult permanent resident.

Chui also said he would submit to the Legislative Council additional measures to curb speculative trading in the housing market.  They include the introduction of a special stamp duty and tighter mortgage lending.


NEW LAWSUIT ACCUSES LV SANDS OF MISMANAGEMENT IN CHINA LVRJ

The Louisiana Municipal Police Employees Retirement System is seeking LVS to sue its own directors to recover damages, because directors failed to ensure management was operating properly in China.  The latest lawsuit was filed Monday in U.S. District Court for Nevada in Las Vegas against CEO Adelson and a number of officers.

GDI 'VERY CONCERNED' ABOUT BRIDGE SETBACK Macau Daily Times

The Infrastructure Development Office (GDI) is concerned that the development of the HK-Zhuhai-Macau Bridge could be delayed by 6 months due to a court ruling by the HKSAR Court of the First.  The court ruled that the HKSAR director of environmental protection, Anissa Wong Sean Yee, should not have granted permits for the construction and operation of the bridge’s boundary crossing facilities, and a 12 kilometer link road.  The HKSAR Transport and Housing Bureau said the target of completing and commissioning the bridge by 2016 was still viable.