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Macau
Friday, July 21, 2017
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...
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
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