15.6 C
Macau
Monday, February 27, 2017
A member of the Stanley Ho family has purportedly invested millions of U.S. dollars in an online healthcare platform - BookDoc - headquartered in Malaysia, local media reported. The investment by the Macau tycoon’s family has been reported as...

Full pockets

Ratings agency Fitch believes the city’s lack of diversification beyond ‘gaming-related tourism and consumption sectors’ makes it ‘vulnerable to policy changes in China and shifts in consumer sentiment’
Chinese Estates Holdings Ltd. expects its annual net profit to decline as much as 23 per cent year-on-year for the year of 2016 although it estimates annual revenue will surge by at least 138 per cent year-on-year at that...
The month’s consumer price increase was primarily driven by the Chinese New Year
The Macau SAR government acknowledges that the regime for acquisition of goods and provision of services intended for public purposes is currently “outdated on several levels,” says former judge, João Valente Torrão. The government plans to conclude a proposal to revise the procedures this year
Hengqin saw its economy surge by 20.1 per cent for the whole of 2016 compared to one year earlier, attracting total foreign direct investment of US$523 million (MOP4.18 billion/RMB3.59 billion), an increase of 23 per cent year-on-year, local Chinese-language...
Director of the Legal Affairs Bureau (DSAJ) Liu Dexue revealed that the Macao Economic Services (DSE) has completed the draft of the bill regarding an exemption of stamp duty for old buildings that need to be renovated. The bill involves...

Forex reserves up a tad

The city’s foreign exchange reserves amounted to MOP156.8 billion (US$19.62 billion) as at the end of last month, up 0.7 per cent from one month ago, the latest official figures released yesterday by the Monetary Authority of Macau reveal....

MSAR audit

Asia/Pacific Group audited five other regions last year
The Macau University of Science and Technology Foundation received a third of the total MOP1.53 billion in funding disbursed by the Macao Foundation in 2016
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