Macau’s gross domestic product (GDP) shrank by 2.1 percent year on year in real terms last year, an improvement from the 21.5 percent drop in 2015, the Statistics and Census Bureau (DSEC) said on Thursday.
24 Feb, 2017
Macau's economy grew 7 percent in the fourth quarter of last year, followed by a 4 percent rise in the previous homologous period, the Secretary for Economy and Finance, Lionel Leong, announced on Wednesday.
23 Feb, 2017
Macau's composite consumer price index (CPI) in January rose 1.76 percent year on year, up 0.32 percentage points from the 1.44 percent growth in the previous month, the Statistics and Census Bureau (DSEC) announced on Tuesday.
22 Feb, 2017
Representatives of several taxi groups submitted a joint application for an increase in taxi fare to the Transport Bureau (DSAT) on Monday. The cabbies insisted that the increase was needed to keep pace with the sector’s rising running costs.
21 Feb, 2017
The International Monetary Fund (IMF) has revised its forecast on Macau's 2017 GDP growth rate for this year to 2.8 percent from its previous forecast of 0.2 percent.
16 Feb, 2017
Banco Nacional Ultramarino (BNU) announced on Tuesday its unaudited financial results for 2016, recording a 9.8 percent increase in net income to MOP560.5 million for the year.
15 Feb, 2017
The Economic Services Bureau (DSE) has finished a study on how Macau should reposition itself in the development of its industrial sector, according to a statement from the bureau on Sunday.
13 Feb, 2017
Secretary for Economy and Finance Lionel Leong says the government is confident that Macau’s economy will record “modest” growth this year. Macau’s economy in the first half of last year continued the downward trend seen in 2015, the second half of 2016 recorded a “relatively stable” performance.
13 Feb, 2017
The final costs of construction for the Hong Kong-Zhuhai-Macau bridge will exceed the original estimated budget. The three governments will now have to chip in on a proportional basis to make up for the difference.
10 Feb, 2017
The number of personal credit cards issued, directly or indirectly, by credit institutions in Macau reached 1.06 million.
7 Feb, 2017
The International Institute of Macau has launched the book “Pearl River Delta – From World Factory to Global Innovator,” with the aim of analysing the economic future of the Pearl River Delta region of southern China.
7 Feb, 2017
Secretary for Economy and Finance Lionel Leong Vai Tac declined on Wednesday to say whether the government could keep its promise that the city’s law on a statutory minimum wage for all workers will finally be implemented in 2019.
26 Jan, 2017
Prices in Macau in 2016 recorded an average annual increase of 2.37 per cent due to a rise in the price of car park leases, the prices of meals bought away from home, cars and tobacco and the costs of buildings management services, reported the Statistics and Census Bureau.
24 Jan, 2017
The Department of Economics, University of Macau (UM) released a report stating that the region’s economy is beginning to recover and is forecast to “continue its steady growth in 2017.”
23 Jan, 2017
Macau Small and Medium Enterprises (SMEs) Association President Stanley Au Chong Kit said on Thursday he expected housing prices in the city to drop this year, in the expectation that the US Fed will raise interest rates several times in the year ahead.
20 Jan, 2017
Macau-based Banco National Ultramarino (BNU) officially inaugurated its Hengqin branch, becoming Macau's first local incorporated bank to open a branch in the mainland.
19 Jan, 2017
Secretary for Economy and Finance Lionel Leong Vai Tac said on Tuesday that the gaming tax rate was not the only factor in determining the local gaming industry’s competitiveness. Leong made the remarks on the sidelines of a press conference at the Macau Chamber of Commerce about local gaming operators’ procurement partnerships with small- and medium-sized enterprises (SMEs).
18 Jan, 2017
Secretary for Economy and Finance Lionel Leong Vai Tac pledged on Thursday that the government will further promote the development of the convention and exhibition industry, with priority being given to the organisation of conferences. Leong also vowed that the government will strive to bring more “good quality” international conventions and exhibitions to the city.
13 Jan, 2017
The government of Macau will give new impetus to the integration of the service platform for trade cooperation between China and Portuguese-speaking countries in the “One Belt, One Road,” initiative said the Secretary for Economy and Finance, Leong Vai Tac.
12 Jan, 2017
Echo Chan Keng Hong, the re-appointed deputy secretary-general of the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (PSCs), said on Tuesday she was glad that she has been re-appointed to the post after she resigned in late 2015. Chan said her important tasks would include pushing for the implementation of the various support measures announced by the central government last year.
11 Jan, 2017