AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.00 Decreased By ▼ -0.99 (-0.77%)
BOP 6.68 Increased By ▲ 0.08 (1.21%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 8.60 Increased By ▲ 0.12 (1.42%)
DFML 41.30 Decreased By ▼ -0.18 (-0.43%)
DGKC 86.71 Increased By ▲ 0.13 (0.15%)
FCCL 32.16 Increased By ▲ 0.02 (0.06%)
FFBL 64.70 Decreased By ▼ -0.72 (-1.1%)
FFL 10.29 Increased By ▲ 0.04 (0.39%)
HUBC 109.51 Decreased By ▼ -0.98 (-0.89%)
HUMNL 14.90 Increased By ▲ 0.15 (1.02%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.40 Increased By ▲ 0.28 (3.93%)
MLCF 41.39 Decreased By ▼ -0.26 (-0.62%)
NBP 60.60 Increased By ▲ 0.51 (0.85%)
OGDC 190.00 Decreased By ▼ -4.69 (-2.41%)
PAEL 27.81 Decreased By ▼ -0.14 (-0.5%)
PIBTL 7.75 Decreased By ▼ -0.25 (-3.13%)
PPL 149.75 Decreased By ▼ -1.42 (-0.94%)
PRL 26.73 Decreased By ▼ -0.15 (-0.56%)
PTC 16.18 Increased By ▲ 0.18 (1.13%)
SEARL 86.02 Increased By ▲ 7.82 (10%)
TELE 7.72 Increased By ▲ 0.33 (4.47%)
TOMCL 35.58 Decreased By ▼ -0.09 (-0.25%)
TPLP 8.14 Increased By ▲ 0.23 (2.91%)
TREET 16.51 Increased By ▲ 0.62 (3.9%)
TRG 53.35 Increased By ▲ 0.59 (1.12%)
UNITY 26.28 Decreased By ▼ -0.27 (-1.02%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,889 Decreased By -31.1 (-0.31%)
BR30 30,611 Decreased By -140.9 (-0.46%)
KSE100 93,355 Increased By 130.9 (0.14%)
KSE30 28,931 Increased By 46 (0.16%)

About a thousand people marched through Macau's streets on Sunday, urging the government to fight corruption and grant them more political freedom, as the territory marked its 10th anniversary under Chinese rule.
The protesters waved banners that called for universal suffrage in 2019 and chanted anti-corruption slogans hours after Chinese President Hu Jintao attended the swearing-in of the territory's new chief executive, Fernando Chui.
"Now is the time to start again the timetable for democratic development for Macau," Antonio Ng, a Macau legislator and one of the key organisers of the protest, told Reuters.
Chui earlier swore in his new cabinet, pledging to diversify the economy, heavily reliant on its gaming industry, into sectors such as logistics over the next five years. Chui was hand-picked by the Chinese government to lead Macau, unlike Hong Kong, which held a contested chief executive election in 2007 and is inching towards universal suffrage in 2017.
Chinese leaders, who face challenges in corporate governance in Macau, also pledged better regulation of gambling in the territory, whose $15 billion casino industry overtook that of Las Vegas in late 2006. "Over the next five years, we shall actively develop the appropriate diversification of the economy," Chui said in a speech after being sworn in. "While enhancing regulations on the gaming industry, we will also put emphasis on the convention, exhibition, logistics and cultural industries. We will also focus on the upgrade and transformation of traditional industries."
Hu told the ceremony he wanted to encourage Macau to work with China's Pearl Delta region, which encompasses Guangdong province, to develop its economy further.

Copyright Reuters, 2009

Comments

Comments are closed.