Economy

Beijing Capital Airlines

Macau-Beijing-Lisbon route takes off

The first Beijing-Macau flight from Beijing Capital Airlines landed at Macau International Airport (MIA) on Tuesday, marking the beginning of flights bringing passengers to Macau from Beijing and then to the Lisbon terminal.

26 Jul, 2017

airport land reclamation

Government asks Beijing to allow airport land reclamation

Macau Civil Aviation Authority said on Tuesday that the local government has requested the central government’s permission to reclaim land in the waters between the local airport’s two taxiways that link the runway and the apron.

26 Jul, 2017

money laundering

No complacency in anti-money laundering work says Lionel Leong

Secretary for Economy and Finance Lionel Leong Vai Tac said at the weekend that the government will not be complacent after achieving good results in the Asia/Pacific Group on Money Laundering (APG) Mutual Evaluation Report (MER) 2017.

24 Jul, 2017

Lionel Leong

Leong says won’t seek Nation People’s Congress re-election

Secretary for Economy and Finance Lionel Leong Vai Tac said that he will not seek re-election in the upcoming election for local deputies to the 13th National People's Congress (NPC).

11 Jul, 2017

June gaming revenue

Gross gaming receipts in June rose 25.9 percent

Gross gaming receipts in June rose to 19.99 billion patacas, 25.9 percent year on year.That compares with the median prediction for a 30 percent increase in a Bloomberg survey of 11 analysts and follows a 24 percent jump in May.

3 Jul, 2017

Chui Sai On

Chui expects Great Bay Area to be ‘vibrant’ zone 

Chui Sai On says he expects the Guangdong-Hong Kong-Macau Greater Bay Area to be developed into a “vibrant” international region and a world-class metropolis.

3 Jul, 2017

ATMs in Macau

Macau ATMs need face time before payout to follow the money

Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code.

30 Jun, 2017

Government to release plan for 5th Macau-Taipa link at year-end

The Macau government will release its plan for a tunnel project near the old Macau-Taipa bridge – earmarked as the fifth Macau-Taipa link – at the end of this year, Ho Ion Sang, who heads the legislature’s Follow-up Committee for Land and Public Concession Affairs, quoted government officials as saying Tuesday.

28 Jun, 2017

Macau Foundation buys palace in Lisbon

The public Macau Foundation (FM) has bought a palace in Lisbon for 70 million patacas (US$ 8.75 million) from local businessman Liu Chak Wan, who is a member of its council of trustees, the Portuguese-language channel of government-owned broadcaster TDM reported Tuesday.

28 Jun, 2017

Macau receives more than 13 million visitors from January to May

From January to May Macau received more than 13 million visitors, an increase of 6.3% over the same period of 2016, according to figures released on Friday by the Statistics and Census Bureau (DSEC).

23 Jun, 2017

Eight unlicensed eateries closed at Soho space of City of Dreams

A total of 13 restaurants operated without licences for three years at the Soho space of City of Dreams (COD) in Cotai, Macau Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes said Thursday, adding her office has ordered eight of them to clos

23 Jun, 2017

EIU forecasts average growth of 7.8% for Macau in 2017/2018

Macau's economy is expected to grow at an average real rate of 7.8% this year and 2018, boosted by the recovery in services exports, particularly those related to gambling, according to the latest Economist Intelligence Unit (EIU) report.  

22 Jun, 2017

Macau CPI up 0.95% in May

Composite consumer prices index in Macau increased by 0.95 percent year-on-year, the statistics department said on Wednesday. Composite CPI increased to 109.20 in May, "which was attributable to higher charges for eating out and outpatient services, as well as increase in tuition fees.

22 Jun, 2017

Air Macau recruits Airbus 320 captains in Brazil

Air Macau officials are in São Paulo for a "South America Roadshow" to recruit captains for Airbus A320 aircraft, the airline said according to Macauhub.

21 Jun, 2017

Mike Goodridge appointed Artistic Director of IFFAM

Mike Goodridge will serve as the artistic director of the second edition of the International Film Festival & Awards – Macau (IFFAM), it was announced Friday at a “kick-off ceremony” arranged by the IFFAM Organizing Committee. The 2nd IFFAM will be held from December 8 to 14 this year with the theme, “A New Avenue to the World of Films”.

19 Jun, 2017

Macau’s base rate rises to 1.5 pct after Fed move

The Macau Monetary Authority (AMCM) said in a statement that it raised its base rate of the discount window Thursday by 25 basis points to 1.5 percent. It has been the fourth time for Macau’s quasi-central bank to raise the policy rate since December 2015

16 Jun, 2017

Macao Water to built a new treatment plant in Coloane

Macao Water, responsible for providing the city’s water supply, has reached a consensus with the Macau government on the building of the Seac Pai Van Water Treatment Plant in Coloane, the company informed in a statement released Wednesday.

15 Jun, 2017

Macau's GDP 2017

GDP grows 10.3 percent in 2017 Q1

Macau’s gross domestic product grew 10.3 percent year-on-year in real terms in the first quarter of the year, according to the Statistics and Census Bureau .

31 May, 2017

Belt and Road scholarship

Government sets up “Belt and Road” scholarship

The Macau Foundation (FM) has launched a Belt and Road (B&R) scholarship for residents to study for degree courses in a number of countries along the B&R Initiative, the public institution said in a statement on Sunday.

29 May, 2017

Macau retail sales

Macau 1Q retail sales rise 12 percent to MOP 16.6 billion

Macau’s retail sales for the first quarter increased 12 percent year-on-year to MOP 16.6 billion. Month-to-month, the figure was up 4.3 percent.

25 May, 2017