Economy

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

São Tomé and Príncipe joins Forum Macau

São Tomé and Príncipe joins Forum Macau

The Atlantic two-island nation of São Tomé and Príncipe has formally joined the Forum for Trade and Economic Cooperation between China and Portuguese-speaking Countries.

30 Mar, 2017

Macau tax information exchange

Macau to implement new rules on tax information exchange

Debate over legal amendment which establishes new rules for the financial transparency of Macau based persons and companies which have tax residences abroad has reached a conclusion.

29 Mar, 2017

Macau's financial reserves

Leong Vai Tac vows ‘prudent’ adjustment to investment portfolio

Secretary for Economy and Finance Lionel Leong Vai Tac pledged on Monday that the government will strive to improve the performance of investments that it makes from its financial reserves.

28 Mar, 2017

non-gaming income in macau

Non-gaming income set to rise in Macau

Representatives of Macau’s six gaming operators said on Wednesday they believed the share of income from their non-gaming businesses in their total revenue will continue to rise.

23 Mar, 2017

Macau's fiscal reserve 2016

Macau’s fiscal reserve totalled US$54.8 billion in 2016

The fiscal reserve of the Macau Special Administrative Region totalled MOP 438.7 billion (US$54.8 billion) at the end of 2016, an amount that represents an increase of 27% compared to 2015, according to the Monetary Authority of Macau (AMCM).

23 Mar, 2017

Macau inflation

Inflation slows in Macau in February

Prices in Macau in February rose by 0.37% year-on-year, “a substantial slowdown compared to the annual growth recorded in January (+1.76%),” due to the decrease observed in the prices of excursions and vegetables, reported Macau’s Statistics and Census Bureau.

23 Mar, 2017

Monetary Authority of Macao raises discount base rate

Monetary Authority of Macao raises discount base rate to 1.25%

The Monetary Authority of Macau (AMCM) increased its overnight discount base rate by o.25% of a percentage point to 1.25%, the AMCM said in a statement issued on Thursday.

17 Mar, 2017

Macau’s economy expected to grow 5.2 percent in 2017

Macau’s economy expected to grow 5.2 percent in 2017

The Macau economy is expected to grow at a rate of 5.2 percent in 2017 and an average rate of 5.3 percent in 2018, according to the latest report on Macau from the Economist Intelligence Unit (EIU).The publication adds that the expected economic growth will be based on increased gaming revenues.

15 Mar, 2017

Infrastructure Development Office

Government extends GDI, sets up OBOR office

The operation of the Infrastructure Development Office (GDI) will be extended for another two years, to June 30 2019, according to an announcement published in the Official Gazette (BO) on Monday. The government announced in 2015 that the operation of the office will be extended to June 30, 2017. The office was set up in … Continue reading "Government extends GDI, sets up OBOR office"

7 Mar, 2017

Macau's GDP 2017

Macau’s GDP to grow 2.5 percent in 2017

Fitch Ratings is expecting Macau’s GDP to grow 2.5 percent in 2017, supported by improving gaming revenues from new resort openings.

28 Feb, 2017

One Belt, One Road

“Belt and Road” to complement Macau and Guangdong ties

Macau´s Chief Executive, Chui Sai On, said on Friday that participating in the development of the “Belt and Road” initiative would complement Macau and Guangdong ties.

27 Feb, 2017

Macau's 2016 GDP

Macau’s 2016 GDP falls 2.1 percent, compared to 2015 21.5 percent drop

Macau’s gross domestic product (GDP) shrank by 2.1 percent year on year in real terms last year, an improvement from the 21.5 percent drop in 2015, the Statistics and Census Bureau (DSEC) said on Thursday.

24 Feb, 2017

Macau's GDP

Macau’s GDP grew 7 percent in 4Q of 2016

Macau's economy grew 7 percent in the fourth quarter of last year, followed by a 4 percent rise in the previous homologous period, the Secretary for Economy and Finance, Lionel Leong, announced on Wednesday.

23 Feb, 2017

Macau's inflation

Macau’s inflation increases in January

Macau's composite consumer price index (CPI) in January rose 1.76 percent year on year, up 0.32 percentage points from the 1.44 percent growth in the previous month, the Statistics and Census Bureau (DSEC) announced on Tuesday.

22 Feb, 2017

Macau taxi fare

Taxi groups call for taxi fare hike

Representatives of several taxi groups submitted a joint application for an increase in taxi fare to the Transport Bureau (DSAT) on Monday. The cabbies insisted that the increase was needed to keep pace with the sector’s rising running costs.

21 Feb, 2017

2017 GDP growth

IMF raises Macau’s 2017 GDP growth forecast to 2.8 percent

The International Monetary Fund (IMF) has revised its forecast on Macau's 2017 GDP growth rate for this year to 2.8 percent from its previous forecast of 0.2 percent.

16 Feb, 2017

BNU

BNU records 9.8 percent rise in net income for 2016

Banco Nacional Ultramarino (BNU) announced on Tuesday its unaudited financial results for 2016, recording a 9.8 percent increase in net income to MOP560.5 million for the year.

15 Feb, 2017