29.4 C
Macau
Tuesday, October 24, 2017
The pilot free trade zone of Zhuhai - Hengqin New Area – has launched a tax compliance index, the first system in Mainland China that performs quantitative analysis on the level of compliance of taxpayers. According to the press release...
Estimates for Macau’s economic growth have been raised by the International Monetary Fund to 13.4 per cent this year and 7 per cent in 2018 The International Monetary Fund (IMF) has increased its estimates for the MSAR’s economic growth in...
The Macao Monetary Authority released monetary data for August indicating a stable evolution in the provision of money
For its 6th edition, GTEF invited 16 central and Eastern European countries, attracting the highest number of participants since its inception in 2012

Pricier times

August saw the largest yearly increase in Composite Consumer Price Index since January, a 1.36 per cent hike, with the inflation rate reaching 1.16 per cent
Schemes include to hold large scale exhibitions to attract more spending in the city during the quiet month of September
Over 10,000 households in Macau own RMB6 mln-worth of assets in 2017

Retrieving hands

The government granted MOP10.6 million in subsidies via SME and Young Entrepreneur aid schemes in August, 92.4 per cent less than in the previous month
Money supply maintained an upward trend while loans and deposits also increased in July
The Hengqin Authority has disbursed RMB200 million (US$30.33 million) to help rebuild facilities and build­ings affected by the onslaught of Typhoon Hato last week, according to infor­mation issued by the area’s administrative body. The amount will be specifically used for...
The second quarter of this year saw the MSAR’s gross domestic product go up by 11.5 per cent yearly
The deputy head also discussed the conditions when the typhoon hit the city and the system for forecasting storms
Education and Health registered the largest yearly increases in the price index in July, with the Communication price index seeing the largest decrease

Richer abroad

The amount of international assets and liabilities in the local banking sector in the second quarter of this year decreased slightly on a monthly basis but went up yearly, with most connected to Asia and Europe
The MSAR’s foreign exchange reserves amounted to MOP157.9 billion (US$19.62 billion) at the end of July, down 0.8 per cent month-on-month, according to the preliminary estimation made by the Monetary Authority of Macao (AMCM). The foreign exchange reserves in July...
Benjamin Chan Sau San will start his role as Chairman of the Board of Directors of the Monetary Authority of Macao
The city saw a slight increase in the money supply of 0.5 per cent in the month of June, with M1 growing 0.5 per cent month-on-month, revealed the Macao Monetary Authority (AMCM). M2, the sum of quasi-monetary liabilities and M1,...
The city’s Industrial and Commercial Fund disbursed total subsidies of MOP48 million (US$6 million) to 677 individuals and institutions in the second quarter of 2017, according to the latest data released in the Official Gazette. The largest support granted between...
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,...
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