Economy

Macau receives more than 13 million visitors from January to May

From January to May Macau received more than 13 million visitors, an increase of 6.3% over the same period of 2016, according to figures released on Friday by the Statistics and Census Bureau (DSEC).

23 Jun, 2017

Eight unlicensed eateries closed at Soho space of City of Dreams

A total of 13 restaurants operated without licences for three years at the Soho space of City of Dreams (COD) in Cotai, Macau Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes said Thursday, adding her office has ordered eight of them to clos

23 Jun, 2017

EIU forecasts average growth of 7.8% for Macau in 2017/2018

Macau's economy is expected to grow at an average real rate of 7.8% this year and 2018, boosted by the recovery in services exports, particularly those related to gambling, according to the latest Economist Intelligence Unit (EIU) report.  

22 Jun, 2017

Macau CPI up 0.95% in May

Composite consumer prices index in Macau increased by 0.95 percent year-on-year, the statistics department said on Wednesday. Composite CPI increased to 109.20 in May, "which was attributable to higher charges for eating out and outpatient services, as well as increase in tuition fees.

22 Jun, 2017

Air Macau recruits Airbus 320 captains in Brazil

Air Macau officials are in São Paulo for a "South America Roadshow" to recruit captains for Airbus A320 aircraft, the airline said according to Macauhub.

21 Jun, 2017

Mike Goodridge appointed Artistic Director of IFFAM

Mike Goodridge will serve as the artistic director of the second edition of the International Film Festival & Awards – Macau (IFFAM), it was announced Friday at a “kick-off ceremony” arranged by the IFFAM Organizing Committee. The 2nd IFFAM will be held from December 8 to 14 this year with the theme, “A New Avenue to the World of Films”.

19 Jun, 2017

Macau’s base rate rises to 1.5 pct after Fed move

The Macau Monetary Authority (AMCM) said in a statement that it raised its base rate of the discount window Thursday by 25 basis points to 1.5 percent. It has been the fourth time for Macau’s quasi-central bank to raise the policy rate since December 2015

16 Jun, 2017

Macao Water to built a new treatment plant in Coloane

Macao Water, responsible for providing the city’s water supply, has reached a consensus with the Macau government on the building of the Seac Pai Van Water Treatment Plant in Coloane, the company informed in a statement released Wednesday.

15 Jun, 2017

Macau's GDP 2017

GDP grows 10.3 percent in 2017 Q1

Macau’s gross domestic product grew 10.3 percent year-on-year in real terms in the first quarter of the year, according to the Statistics and Census Bureau .

31 May, 2017

Belt and Road scholarship

Government sets up “Belt and Road” scholarship

The Macau Foundation (FM) has launched a Belt and Road (B&R) scholarship for residents to study for degree courses in a number of countries along the B&R Initiative, the public institution said in a statement on Sunday.

29 May, 2017

Macau retail sales

Macau 1Q retail sales rise 12 percent to MOP 16.6 billion

Macau’s retail sales for the first quarter increased 12 percent year-on-year to MOP 16.6 billion. Month-to-month, the figure was up 4.3 percent.

25 May, 2017

Moody’s Investors Service Macau ratings ‘Aa3’

Moody’s keeps Macau’s ratings at ‘Aa3’

Moody’s Investors Service announced on Wednesday that it maintained Macau’s long-term issuer ratings at “Aa3” and upgraded the rating outlook to “stable” from “negative”.

25 May, 2017

Macau's foreign exchange reserves

Forex reserves dip to 154 billion patacas

Macau's foreign exchange reserves amounted to 154.1 billion patacas at the end of April, the Macau Monetary Authority (AMCM) said in a statement on Monday.

16 May, 2017

Belt and Road Forum

Belt and Road Initiative offers Macau great opportunities

The Belt and Road Forum for International Co-operation taking place in Beijing has got the Macau delegation thinking how the local government and people should prepare themselves for participation in the large-scale project.

15 May, 2017

Macau delegation attends the “Belt and Road” Forum in Beijing

Macau Chief Executive Chui Sai On will lead a delegation from the Special Administrative Region to Beijing to take part in the “Belt and Road” Forum for International Cooperation, to be held on 14 and 15 May

11 May, 2017

BNU profts first quarter 2017

BNU profits up 9.6 percent to US$21 million in first quarter

Banco Nacional Ultramarino (BNU) in Macau, of Portuguese state-owned financial group Caixa Geral de Depósitos, ended the first quarter of 2017 with profits of 168.4 million patacas (US$21.05 million), according to the bank’s quarterly results.

11 May, 2017

ATM

ATMs to have identity verification feature

In order to protect Macau’s financial system and the interests of cardholders whose bank cards have been issued in the mainland, all ATM machines in Macau will have Know Your Customer (KYC), a compliance feature, the government announced on Monday.

8 May, 2017

Macau's inflation in March

Macau’s inflation up 0.72% in March

Year-on-year inflation in March increased by 0.72%, higher than in February (+0.37%) mainly due to an increase in the prices of meals outside the home, school fees and gasoline, according to the Statistics and Census Bureau.

22 Apr, 2017

SJM

SJM signs HKD 25 billion loan facilities agreement

Sociedade de Jogos de Macau (SJM) announced the signing on Thursday of a HKD 25 billion syndicated loan facilities agreement with 19 leading financial instructions.

7 Apr, 2017

The 13 Macau

No gaming tables request from The 13

Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan said on Thursday that his bureau has not received an application for gaming tables from The 13.

7 Apr, 2017