News

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

#Economy

Macau CEM

CEM expects new power station in 5 years

CEM expects its new power plant in Coloane to be up and running in five years time, Bernie Leong Wa Kun, chairman of the electricity utility’s executive committee, said on Thursday.

24 Feb, 2017

#Business

Macau visitor arrivals

Macau’s visitors rise 17.6 percent to 2.8 million in January

Macau’s number of visitor arrivals rose 17.6 percent year-on-year to 2.87 million in January, boosted by the start of the Chinese New Year on January 28, the Statistics and Census Bureau (DSEC) announced on Thursday.

24 Feb, 2017

#Tourism

Macau One Belt, One Road

Macau and Fujian take part in the “One Belt, One Road” initiative

The Macau Chief Executive Chui Sai On and the Governor of Fujian Province Yu Weiguo said they planned to take part in the “One Belt, One Road” national initiative and expressed confidence in further development of bilateral cooperation.

24 Feb, 2017

#Politics

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

#Economy

Macau legislative Assembly

Election candidates must declare all campaign activities

Election candidates must declare all their campaign activities, such as travelling and hosting luncheons and dinners during the campaign period, to the Legislative Assembly Electoral Affairs Committee, the committee’s President Tong Hio Fong said on Thursday.

23 Feb, 2017

#Politics

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

#Economy

GCS facebook

Government Information Bureau to join Facebook and Instagram

The Government Information Bureau (GCS) plans to provide information about the government on Facebook and Instagram, Victor Chan Chi Ping, who heads both the Government Information Bureau (GCS) and the Government Spokesperson’s Office, said on Tuesday.

22 Feb, 2017

#Politics

Macau travel alert system

Possible tour cancellations as a result of new Macau travel alert system

Macau Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes said on Tuesday that the travel sector was discussing the arrangements for possible tour cancellations resulting from the government’s new travel alert system, adding that her office was paying close attention to the discussions.

22 Feb, 2017

#Tourism

Macau smoking lounges

Smoking lounges in casinos not against WHO

Setting up smoking lounges in casinos is not contrary to the World Health Organisation's (WHO) suggestion of building a smoke-free environment, Secretary for Social Affairs and Culture Alexis Tam Chon Weng said on Monday.

21 Feb, 2017

#Gaming

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

#Economy

The 13 Macau

US firm buys big stake in The 13 Holdings

Ahead of the opening of its The 13 luxury hotel in Coloane slated for later this quarter, Hong Kong-listed property developer The 13 Holdings has announced that American investment firm Evolution Capital Management has acquired a major stake in its business.

20 Feb, 2017

#Gaming

MGM

MGM reports revenue of HKD14.9 billion for 2016

Gaming operator MGM China reported a total revenue of HKD14.9 billion for the 2016 financial year. In the year under review, MGM China recorded an EBITDA of HKD4.5 billion, a slight dip from HKD4.7 billion in 2015.

17 Feb, 2017

#Gaming

Melco Crown

Melco Crown revenue up 13 percent in 2016 Q4

Melco Crown Entertainment Ltd. reported its unaudited financial results for the fourth quarter and for the full year ending December 31, 2016. The results showed that net revenue during the fourth quarter of last year grew about 13 percent year-on-year from USD1,058 million to almost USD1,193.

17 Feb, 2017

#Gaming

Nacky Kuan

Seac Pai Van water plant project to start 2017 mid-year

Macao Water Executive Director Nacky Kuan Sio Peng said on Wednesday that construction of the Seac Pai Van water treatment plant was slated to start in the middle of this year, adding that the facility is planned to be operational in 2019.

16 Feb, 2017

#Business

Leung Hio Ming

Chui Sai On appoints Leung Hio Ming as new culture chief

Chief Executive Chui Sai On has appointed Cultural Affairs Bureau (IC) vice president Leung Hio Ming as the bureau's president for a two-year term, effective from today according to Wednesday's Official Gazette.

16 Feb, 2017

#Culture

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

#Economy

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

#Economy

Ho Iat Seng

Hot Iat Seng is confident all bills will be voted on before end of term

Legislative Assembly (AL) President Ho Iat Seng said on Wednesday that he was confident that the bills which are being reviewed in the legislature’s standing committees can be resubmitted to the legislature’s plenum for their final article-by-article votes.

15 Feb, 2017

#Politics

Pousada de São Tiago

São Tiago hotel to close temporarily

Pousada de São Tiago will temporarily close from March 31st and remain closed until the construction of the Barra Transport Complex is completed, SJM Managing Director and Chief Administrative Officer Angela Leong On Kei said on Tuesday.

15 Feb, 2017

#Business