Economy

China boosts financial support for Greater Bay Area

A financial support guideline for the development of the Guangdong-Hong Kong-Macau Greater Bay Area has been issued, China's central bank said.

15 May, 2020

Macau International Airport cancels 5,200 flights in May

Macau International Airport has cancelled 5,220 flights and has only 20 daily flights scheduled to operate in May.

15 May, 2020

Credit card turnover, repayments fall in Q1

The total number of personal credit cards issued by banks in Macau continued to rise in the first quarter, but both credit card turnover and repayments recorded year-on-year declines.

10 May, 2020

MOP 295 million spent with consumer cards in first 5 days

Local residents have in the five days, since they were valid, spent MOP 295 million on goods and services with their government-issued consumption subsidy smartcards.

8 May, 2020

Two checkpoints to resume normal operating hours

Two of Macau's main border checkpoints will resume their normal operating hours at 6 a.m. Sunday.

2 May, 2020

Lawmakers pass 2nd budget amendment bill

The Legislative Assembly (AL) passed on Thursday the government’s second budget amendment bill.

24 Apr, 2020

Inflation rate hits 2.47% in March

Macau's composite consumer price index (CPI) rose 2.47 per cent year-on-year last month, the Statistics and Census Bureau (DSEC) said in a statement today. 

22 Apr, 2020

Affordable housing applications now factor in length of residence

The Macau SAR government has submitted the latest amendment to the affordable housing bill, having proposed to give more weight to permanent residents as well as to their length of residence in Macau.

22 Apr, 2020

Fitch keeps Macau’s long-term credit ratings 

Fitch Ratings, the international ratings agency, has reaffirmed Macau’s credit ratings at "AA", the Macau Monetary Authority (AMCM) said.

21 Apr, 2020

G2E Asia postponed (again) to December, due do COVID-19

Macau's annual Global Gaming Expo (G2E) Asia exhibition has been postponed again due to the COVID-19 pandemic, this time to December 1-3.

17 Apr, 2020

Lawmakers pass minimum wage bill, excluding maids, disabled

Government-initiated bill implementing statutory minimum wage for all workers, except domestic helpers and employees with disabilities, has been passed.

17 Apr, 2020

IMF predicts Macau GDP to fall 29.6% this year

The International Monetary Fund (IMF) predicts Macau's gross domestic product (GDP) to drop 29.6% in real terms this year. 

15 Apr, 2020

Consumption subsidy smartcards collected by over 25,000 on 1st day – collection extended to July 17

The collection process for government-issued consumption subsidy smartcards kicked off yesterday, and by 6 p.m. over 25,000 residents had collected their cards. The process was carried out in a “good order”.

15 Apr, 2020

Extension for pick up of electronic consumption card

The deadline for the pick-up of the consumption subsidy smartcards has been extended to July 17.

14 Apr, 2020

Distribution of consumption subsidy smartcards starts today

All those who have registered for the government’s consumption subsidy scheme will be able to pick up their 3,000-pataca smartcards from today until April 30.

14 Apr, 2020

Buses between Hong Kong and Macau suspended from Sunday

The "Golden Bus" shuttle service, that link Hong Kong to Macau through the bridge will be suspended from 6 a.m. Sunday, the bus operator announced Saturday.

5 Apr, 2020

Smartcard registration ends next Wednesday, preparations done

The registration for government-issued smartcards will end next Wednesday and all work related to the collection of the smartcards has been completed.

3 Apr, 2020

Macau gaming revenue falls 80% in March

Gaming revenue in Macau plunged 79.7% in March compared with the same period in 2019.

1 Apr, 2020

Hotel guests fall 85% in February

Macau's 115 hotels and guesthouses welcomed 157,000 guests last month, a year-on-year decline of 85.4%.

30 Mar, 2020

Macau sets up US$1.25 billion COVID-19 impact support fund

A MOP 10 billion fund to support residents and businesses in urgent need of financial assistance has been set up.

29 Mar, 2020