Economy

Eco-fair focuses on building ecological civilisation

Acting Chief Executive Sonia Chan Hoi Fan said Thursday that Macau as one of the core cities in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), apart from promoting the adequate diversification of its economy, ecological civilisation construction was the “only way” to achieve sustainable development.

29 Mar, 2019

Permanent Secretariat of Macau Forum vows to implement its work via 5 elements

Xu Yingzhen, secretary-general of the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), said Wednesday that this year, the focus of the secretariat’s work would be based on five elements, namely promoting trade and investment, promoting cooperation on production capacity, carrying out training of human resources, and supporting the development of Macau as a platform for China and Portuguese-speaking countries for economic and trade cooperation.

28 Mar, 2019

Leasing companies governed by new legislation in Macau

The Legislative Assembly of Macau approved a proposal for a law to regulate the creation and operation of financial leasing companies and subsidiaries for the purpose of leasing.

22 Mar, 2019

Inflation rate hits 2.79 pct last month

Macau’s composite consumer price index (CPI) rose by 2.79 percent year-on-year last month, down 0.25 percentage points from the 3.04 percent growth in January, the Statistics and Census Bureau (DSEC) said.

22 Mar, 2019

Lawmakers pass 2 finance leasing bills to boost sector’s development

The Legislative Assembly (AL) Wednesday passed a government-initiated bill regulating the city’s finance leasing sector, with the aim of promoting its development.

21 Mar, 2019

Liaison chief urges Macau to grab ‘historic GBA opportunity’

Central People’s Government Liaison Office in Macau Director Fu Ziying said Tuesday that the central government attaches “unprecedentedly” high importance to the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) development, adding that the GBA is bringing “unprecedented historic opportunities” to Macau’s future development.

20 Mar, 2019

Fourth Macau-Taipa bridge to be completed in 2025 Macau’s

The fourth bridge, connecting the peninsula to the island of Taipa, is expected to be completed by the end of 2025, according to the schedule of the tender launched by the Macau Government in 2018

10 Mar, 2019

Macau’s cross-border vehicle traffic grows by 8.5 pct in January

The cross-border vehicle traffic of Macau grew by 8.5 percent year-on-year to 457,090 trips in January, while commercial flights in airport rose by 14.2 percent to 5,750 trips.

5 Mar, 2019

Chui vows utmost effort to achieve GBA goals

Macau is making the utmost effort to give full play to its unique advantages by cooperating with the other 10 cities in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).

4 Mar, 2019

Chui says 8 measures will advance GBA project

Chief Executive Chui Sai On said in Beijing on Friday that the central government would launch eight major measures to advance the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA)

4 Mar, 2019

2018 GDP growth slows to 4.7 pct

Growth in Macau’s gross domestic product (GDP) slowed to 4.7 percent year-on-year in real terms last year, the Statistics and Census Bureau (DSEC) announced.

1 Mar, 2019

GBA plan reveals nation’s ‘high trust in, expectation for Macau’: Mi Jia

The Macau government’s Policy Research and Regional Development Bureau (DSEPDR) Director Mi Jian said Thursday in Beijing that the Outline Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), which was released by the central authorities last week, has endowed Macau with “a historic mission and responsibility in the new era”

1 Mar, 2019

Retail sales rise 15.9 pct in 2018

Macau’s total value of retail sales rose by 15.9 percent year-on-year to 76.8 billion patacas last year, the Statistics and Census Bureau (DSEC) announced.

28 Feb, 2019

Macau should see moderate economic expansion in the medium term, IMF says

Macau is expected to experience moderate economic expansion in the medium term, with surpluses in budget execution and external accounts sustained by mass tourism and non-gambling tourism, coupled with the continued monopoly on gambling in China, according to forecast by the International Monetary Fund (IMF).

27 Feb, 2019

Residential property prices rise 7.5 pct in 2018: official

The average price of residential units rose by 7.5 percent year-on-year to 108,427 patacas per square metre of usable area last year, the Statistics and Census Bureau (DSEC) announced.

22 Feb, 2019

China unveils development plan for Guangdong-Hong Kong-Macau Greater Bay Area

Chinese authorities on Monday unveiled the outline development plan for the Guangdong-Hong Kong-Macau Greater Bay Area, aiming to develop the region into "a role model of high-quality development." according to Xinhua News Agency.

18 Feb, 2019

Blueprint for Bay Area to be revealed

The blueprint for the massive economic development that will turn the Guangdong-Hong Kong-Macao Greater Bay Area into a global economic powerhouse will be made public within days according to China Daily today.

14 Feb, 2019

Home mortgage loans rise 13.9 pct in 2018

The outstanding value of home mortgage loans amounted to 215.7 billion patacas at the end of last year, a year-on-year growth of 13.9 percent, the Macau Monetary Authority (AMCM) said.

13 Feb, 2019

Revised taxi bill reduces cabbies’ criminal record barriers 

The government has reduced the criminal record barriers for people wanting to work as cabbies, according to the final version of its taxi sector bill whose revision was completed by a standing committee of the Legislative Assembly (AL)

13 Feb, 2019

BNU visits 3 Portuguese-speaking countries

Representatives of Macau’s two note-issuing banks, Banco Nacional Ultramarino (BNU) and the local branch of Bank of China (BOC) visited three Portuguese-speaking countries (PSCs) last month.

12 Feb, 2019