Economy

Sea links between Macau and Shenzhen airport in China suspended

The Macau Government has suspended from Wednesday the sea links between Macau and the port of Fuyong, which serves the airport of Shenzhen, in China’s Guangdong province.

19 Feb, 2020

Residential property prices drop 0.8% last year

Macau's average price per square metre of usable area of residential units dropped 0.8% year-on-year to MOP107,522 (US$13,440) last year.

18 Feb, 2020

Macau without COVID-19 virus cases for 11 days

The Macau government announced on Saturday that there have been no new cases of the COVID-19 virus in the territory for 11 days.

15 Feb, 2020

Macau int’l eco-forum/expo axed over COVID-19 threat

The Macau government announced on Friday the cancellation of the 2020 Macau International Environmental Cooperation Forum & Exhibition (2020MIECF) due to the novel coronavirus (COVID-19) threat.

14 Feb, 2020

Forex reserves rise 4.3% to 178 billion patacas in 2019

Macau's foreign exchange reserves amounted to 178.3 billion patacas at the end of last year.

17 Jan, 2020

UM team forecasts 3.7% GDP drop for this year

The University of Macau (UM) forecast yesterday that Macau’s economy will shrink 3.7% this year.

15 Jan, 2020

UM completes 1st phase of Macau 
Economic Database

The first phase of the Macau Economic Database project by the University of Macau’s (UM) Centre for Macau Studies (CMS) and Department of Economics completed its first phase.

15 Jan, 2020

Casino revenue ends up with worst year since 2015

Macau’s gaming revenue in December slipped for the third straight month, marking the worst annual decline since 2015

3 Jan, 2020

Maritime transport loses importance in the connection between Hong Kong and Macau

The number of visitors who arrived in Macau in November by sea, approximately 413,700, represented a decline of 39.0% year–on–year.

28 Dec, 2019

Macau close to launching a public housing project in Hengqin

Macau and Zhuhai governments have since beginning of the year started planning on a housing project in Hengqin Island. 

24 Dec, 2019

LRT carries over 200,000 passengers since start: Rosário

The Light Rapid Transit (LRT) system has carried over 200,000 passengers since the launch of its service on December 10, Secretary for Transport and Public Works Raimundo do Rosário said.

21 Dec, 2019

Lawmakers pass 2020 budget bill

The Legislative Assembly unanimously passed the government’s 2020 budget bill.

17 Dec, 2019

New border between Macau and Zhuhai will decrease crossing time

The construction of the new border between Macau and Zhuhai on Hengqin Island is expected to be finished by Dec 20-the 20th anniversary of Macau’s return to China.

14 Dec, 2019

Macau’s achievements illustrate vitality of ‘One Country, Two Systems’: envoy

Macau’s development achievements over the past 20 years have demonstrated the vitality of "One Country, Two Systems," a senior Chinese diplomat said.

13 Dec, 2019

Macau economy expected to post growth of 5.2% in 2019, EIU says

Macau’s economy will contract at a rate of 5.2% in 2019, according to the latest forecasts from the Economist Intelligence Unit (EIU), which refer to 2021 as the year in which the territory will return to positive growth rates.

12 Dec, 2019

Glória Ung returns to IPIM after one year suspension of duties

After more than a one year suspension from her duties in IPIM Glória Batalha Ung returned to the institution to work in the Department of Economic and Commercial Promotion with Lusophone markets.

12 Dec, 2019

Light Metro opens to the public next Tuesday

A decade after the project was launched, the Macau Light Rail (LRT) will start operations on Tuesday.

7 Dec, 2019

Mainland-Macau trade rises 5.5%

Trade between the Chinese mainland and Macau amounted to 17.59 billion yuan in the first 10 months of the year, up 5.5% year-on-year.

6 Dec, 2019

Mainland, Macau ink currency swap deal

The People’s Bank of China has inked a currency swap deal with the Macau Monetary Authority.

6 Dec, 2019

Consultation on 60 billion pataca fund to start mid-2020: monetary chief

The government will launch a public consultation in the middle of next year on the possible establishment of a company tasked with managing the local version of a “sovereign wealth fund”.

27 Nov, 2019