THE M3: TAIWAN ENTRY PERMIT RELAXED; FISHERMAN'S WHARF; ILLEGAL GALAXY WORKERS

The Macau Metro Monitor, August 17th, 2010

ENTRY PERMIT RULES EASED FOR MAINLAND TOURISTS Taiwan Today

Jointly announced by the Ministry of Interior and the Ministry of Transportation and Communications, revisions include an extension of entry permit validity to three months, more flexibility with the "OK Board" expedient, and looser qualifications for mainland citizens residing in Hong Kong, Macau, and other overseas locations.

The National Immigration Agency stated the new measure is in line with the government’s policy of continuing to open Taiwan up more to mainland tourists.


MELINDA CHAN BUYS OUT FISHERMAN'S WHARF SHARES Macau Daily Times

Melinda Chan Mei Yi, wife of chairman David Chow Kam Fai, has bought back the 45% of Macau Legend’s capital from foreign investors for USD 125 million (MOP 1 billion) in late July.  The USD 125MM buy-out is only 32% of the USD 390 MM (MOP 3.1 billion) they put into the company back in January 2007.  The group of shareholders included Merrill Lynch, Och-Ziff, TPG-Axon, David Ross, Sean Fitzpatrick, and Siger, an investment fund connected to the King of Morocco – but Siger, which manages the Moroccan royal family’s wealth, later pulled its investment out after finding out it was linked to gaming business.


13 ILLEGAL WORKERS ARRESTED AT GALAXY CONSTRUCTION SITE Macau Daily News

Bureau of Labor and police raided Galaxy Macau's construction site and found 13 'black' workers after inspecting over 1846 workers (1429 local/ 417 foreign).