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Macau
Tuesday, May 30, 2017
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
The inflation rate in February grew by 0.37 per cent, the lowest rate of growth since January 2010
Investment income from the MSAR’s fiscal reserves totalled MOP3.31 billion (US$413.8 million) for 2016, representing an annual return of 0.8 per cent, a slight increase of 0.1 percentage point from 2015, revealed a release from the Monetary Authority of...
Enterprises in the Mainland funded by investors from Macau, Hong Kong and Taiwan, as well as other foreign investors, saw a 6.8 per cent surge in their value added during the first two months of the year, according to...
Global Finance publication salutes Macau. Factoring in various metrics to rank the MSAR third richest territory in the world. Thanks to the bounce-back in gaming revenues. Just after Qatar and Luxembourg. GDP and purchasing power were the primary considerations.
The MSAR Government is currently drafting a preliminary scheme for the salary scale system for civil servants, and hoping to introduce it in the second half of this year. The system was suggested in order to prevent the concentration of...
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