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Macau
Thursday, August 17, 2017
Initial estimates of the city’s financial reserves by the Monetary Authority of Macau indicate that at the end of the second quarter, the city’s basic reserve had reached MOP127.95 billion and its extra reserve MOP350.11 billion, totalling MOP478.06 billion....
Chairman of the Board of Directors of the Monetary Authority of Macao (AMCM) Anselmo Teng will step down from his functions by the end of this month, TDM radio reported yesterday. The chairman’s current contract, which lasts for one year,...
The city’s fiscal surplus reached MOP20.08 billion (US$2.50 billion) in the first half of 2017, up 15.3 per cent when compared to the same period last year, according to data published by the Financial Services Bureau (DSF). The amount of...
The total amount paid for the Special Stamp Duty (SSD) in the month of June was MOP2.77 million (US$344,774), skyrocketing from the MOP227,251 collected in May, the city’s latest Financial Services Bureau (DSF)’s data shows. The amount covered SSD collected...
The MSAR’s foreign exchange reserves amounted to MOP159.2 billion (US$19.80 billion) at the end of June, up 4.3 per cent month-on-month, according to the preliminary estimation made by the Monetary Authority of Macao (AMCM). The foreign exchange reserves in June...
Zhuhai recorded the strongest industry growth in the Pearl River Delta region from January to May of this year, according to information provided by that city’s statistics bureau, the Hengqin New Area official online portal reported. According to the bureau,...
With increasing flights in the Greater Bay Area business aviation representatives and aviation experts believe the MSAR has enough infrastructure and positioning to gain a larger role in the region, especially in the business aviation sector. However, the late implantation of a plan to expand flight capacity by the local government risks Zhuhai overtaking the city in the sector
Total deposits with the banking sector increased 1.5 per cent month-on-month
The added value of the financial industry of Hengqin amounted to RMB1.4 billion (US$207 million/MOP1.66 billion) in 2016, marking a 91 per cent increase year-on-year, according to data released by the Hengqin Financial Industry Association, the Hengqin New Area...
General unemployment rate remains stable at 2 per cent between March and May
Education and health led the increase in the composite consumer price index (CPI) in May 2017, according to the latest data released by the Statistics and Census Services (DSEC) yesterday. Prices for education and health services went up 7.46 per...
The MSAR’s foreign cash reserves continue to increase, reaching MOP152.7 billion as at the end of May, while the Monetary Authority of Macau has increased the base rate by 25 basis points to 1.5 per cent
Smart Technology and the One Road, One Belt policy will be the main topics at the Chartered Institute of Logistics and Transport International Convention 2017 held in the MSAR until June 14
Up to MOP500,000 in financial support for each candidate. Providing solutions and applications for developing the MSAR into a Smart City. Macau Science and Technology Fund is seeking projects involving transport, tourism, medical treatment and gov’t. Proposals are expected to harness the Cloud, mobile apps, e-commerce, mobile payments and the Internet of Things.

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...
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