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Thursday, June 22, 2017

Moving on up

The 10.3 pct y-on-y increase in GDP recorded during the first quarter is mostly attributable to a lower base of comparison, says one local economist. Improving export services contributed to the growth, with exports of gaming and tourism services up 11 pct and 21 pct, while goods exports also rose by 10 pct y-o-y. Construction and equipment capital was heavily weighted to the private sector, at US$1.6 bln in construction and MOP1.7 bln in facilities, while the gov’t only invested MOP1.25 bln in construction and MOP40 mln in equipment in the same period.
In its latest move to cash out of its business, Fosun International Limited, China’s largest privately-owned corporation controlled by Shanghai billionaire Guo Guangchang, announced in a disclosure with the Hong Kong Stock Exchange that it is disposing of several...
A policy to encourage vehicle replacement. But it sparked local consumption. Statistics and Census Services figures reveal retail sales during 2017 Q1 were up 4.3 pct vis-a-vis the previous quarter.
Beverage and tobacco prices rose over 12 per cent during the year ended March 2017
Macau SAR fiscal reserves amounted to MOP471.37 billion (US$58.77 billion) at the end of the first quarter, according to data released by the Monetary Authority of Macau (AMCM) yesterday. Of the total, MOP272.84 billion constituted deposits and current accounts,...
The Macau SAR Government has approved the allocation of additional budgets to several local funds, commissions, and institutions for the fiscal year of 2017, totaling over MOP3.66 billion (US$457.50 million/HK$3.56 billion), according to dispatches published yesterday in the Official...
On average, however, male employees made 23.7 per cent more money than their female counterparts
The amount of international assets held by local banks increased in the first three months of this year by 7.7 per cent yearly to reach MOP1.21 trillion, as international liabilities increased by 6.6 per cent to reach MOP1.13 trillion.
Trade between the MSAR and Mainland China decreased by 16.3 per cent year-on-year in the first quarter of this year, dropping to US$615 million (MOP4.93 billion), according to official data released by the Chinese Ministry of Commerce. Exports from...
The Industrial and Commercial Development Fund disbursed MOP9.39 million (US$1.17 million) in financial support during the first quarter of 2017 to subsidise events held by local associations and the setting-up of service centres, in addition to the establishment or...
Increased credit for SMEs is welcome, but flexibility to hire foreign workers has no price, says VP of young entrepreneurs association
As the Association of Southeast Asian Nations marks its 50th birthday this year, holding the last day of The World Economic Forum on ASEAN today, ratings agency Fitch sets forward its predictions for the neighbouring superpower’s growth this year...
Chinese investment in the United States skyrocketed last year, growing jobs and undergoing few downsizings, while keeping high-value activities within the country, says report
The annual inflation rate in March reached 1.69 per cent after a yearly growth of the average price index of 0.72 per cent
The figures come after a 4 per cent year-on-year decrease in GDP last year, and show a less optimistic outlook than that expressed in a 2017 macroeconomic forecast released in January by UM’s Department of Economics
Meanwhile, Singapore tops both the regional and global ranking in the latest survey conducted by ECA International
A ‘significant increase’ in local consumer confidence was reported in the first quarter, according to a MUST study. The Consumer Confidence Index saw improvements in most areas, with the exception of housing purchases, which has rated lowest among the six sub-indexes for the last 20 consecutive quarters. Increases in investment confidence are leading to stock purchases, with employment confidence also on the rise.
Hotels were the only sector that saw total employment levels grow in the three months ended February 28
Official data shows more local workers were covered by pension fund plans in 2016, with total assets expanding by 18 per cent year-on-year
The total income earned by the gov’t last year also declined
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