Economy

Credit cards issued by local banks reach 1.28 million

The total number of personal credit cards issued by banks in Macau increased by 10.3 percent year-on-year at the end of September, Macau Monetary Authority (AACM) said in a statement on Wednesday.

8 Nov, 2018

Chui briefs Xi on Macau’s progress

Chief Executive Fernando Chui Sai On Monday briefed President Xi Jinping on Macau’s progress while the latter and other dignitaries toured one of the Macau exhibition areas at the 1st China International Import Expo (CIIE) in Shanghai

6 Nov, 2018

IPIM gets acting chief

Secretary for Economy and Finance Lionel Leong Vai Tac has appointed Irene Lau Kuan Va, an executive director of the Macau Trade and Investment Promotion Institute (IPIM), as the institute’s acting president.

30 Oct, 2018

IPIM president under criminal investigation: official 

Macau Trade and Investment  Promotion Institute (IPIM) president Jackson Cheong is under criminal investigation and has been suspended from office, the Commission Against Corruption (CCAC) said in a statement today. 

26 Oct, 2018

Delta bridge operation has ‘smooth’ start: transport chief

The Pearl River Delta’s mammoth bridge inaugurated by President Xi Jinping on Tuesday had a “smooth” start Wednesday, Macau’s transport chief said.

25 Oct, 2018

China´s President Xi Jinping announced the opening of the Hong Kong-Zhuhai-Macau Bridge

President Xi Jinping announced today the opening of the Hong Kong-Zhuhai-Macau Bridge at an opening ceremony in the city of Zhuhai, Guangdong Province.

23 Oct, 2018

International conferences growing in Macau says Leong Vai Tac

The Secretary for Economy and Finance of Macau Leong Vai Tac said Thursday in his opening speech during the Macao International Trade and Investment Fair (MIF 2018) that Macau has made considerable progress in its efforts to integrate itself into the national development.

19 Oct, 2018

MIF and PLPEX to open with 1,000 participating companies

The 23rd Macao International Trade and Investment Fair (MIF) kicks off Thursday along with the 2018 Portuguese-speaking Countries Products and Services Exhibition (PLPEX).

17 Oct, 2018

HKM Office chief urges local youth to grasp GBA opportunities

Hong Kong and Macau Affairs Office of the State Council Director Zhang Xiaoming said at the weekend that enhancing the well-being of the people in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), particularly in terms of creating more opportunities for young people, is one of the intentions of the city cluster initiative.

15 Oct, 2018

Macau’s inward direct investment decreases last year

The inward direct investment flows to Macau decreased by 79.9 percent year-on-year to 3.01 billion patacas (about US$373.3 million) in 2017, Macau’s statistics and census service said.

14 Oct, 2018

IMF revises forecast for Macau’s economic growth in 2018 down to 6.3%

The International Monetary Fund (IMF) has revised its forecast for Macau's economic growth downwards to 6.3%, according to the Fall World Economic Outlook, published recently.

10 Oct, 2018

Watch and diamond exports rise in Jan-Aug

Macau’s watch and diamond exports jumped last month, the Statistics and Census Bureau (DSEC) announced Thursday.

28 Sep, 2018

UM forecasts 8.3 pct GDP growth for this year

The University of Macau (UM) forecast Wednesday that Macau’s economy will grow 8.3 percent this year and 7.1 percent next year.

27 Sep, 2018

Overall Macau Light Rail Transit could cost at least US$ 6.25 billion: auditor

In a hard-hitting report published Thursday, the Commission of Audit (CA) says that the estimated construction cost for the eight sections of Macau’s Light Rail Transit (LRT) system that the government has planned for the short, medium and long terms amounts to at least 50 billion patacas (US$ 6.25 billion)

14 Sep, 2018

Macau’s new approvals of residential mortgages, commercial real estate loans decrease

Both of the new approvals of residential mortgage loans and commercial real estate loans in Macau reported a month-on-month decrease in July this year, according to statistics released by the Monetary Authority of Macau.

12 Sep, 2018

Macau’s GBA role to advance PPRD development: Leong

Secretary for Economy and Finance Lionel Leong Vai Tac said Wednesday that Macau’s role in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) will advance the development of the Pan-Pearl River Delta (PPRD) region.

6 Sep, 2018

Mobile phone imports rise 93 pct in Jan-July

Macau’s imports of mobile phone rose 93.1 percent to 4.08 billion patacas in the first seven months of the year, the Statistics and Census Bureau (DSEC) said in a statement.

3 Sep, 2018

Macau’s GDP growth slows to 6 pct in Q2

Macau’s gross domestic product (GDP) growth in the second quarter of this year slowed to 6 percent year-on-year in real terms, the Statistics and Census Bureau (DSEC) said in a statement Sunday

27 Aug, 2018

Macau, Zhuhai vow to promote TCM platform

Secretary for Economy and Finance Lionel Leong Vai Tac said Wednesday that Macau will further strengthen its partnership with Zhuhai to jointly strengthen the development of the Hengqin-based platform for traditional Chinese medicine (TCM).

23 Aug, 2018

‘One country, two systems’ essential to GBA success: Han

Vice-Premier Han Zheng and head of the leading group for the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), said Wednesday that the 11 GBA cities needed to fully utilise the area’s “comprehensive” advantages to build a vibrant and internationally competitive area.

16 Aug, 2018