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Macau
Friday, July 21, 2017
The concept of launching an investment development fund wins the hearts of many - as long as the government heeds public opinion. Although not everyone is convinced By Tony Lai Three years. That, apparently, is exactly how long the city’s fiscal...
The Chief Executive does not rule out further cost-cutting measures if government income is lower than expected
The first five days of the National Day Golden Week attracted some 789,438 visitors to the city, an increase of 1.7 per cent compared to the same period last year, the latest data published by Macau Government Tourist Office...
The Department for Conventions and Exhibitions and Economic Activities Development from the Macao Economic Services (DSE) will move to a new location after June 17, according to a DSE dispatch. The department will relocate to the 3rd floor of no....
Mainland China remains the leading issuer of investments made by local residents
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.
Investment for dams and housing units are the priority of the African Executive in its visit to the 6th international Infrastructure Investment & Construction Forum taking place in the Special Administrative Region
The data published by Forum Macau shows that during the first four months of the year trade between China and the Portuguese-speaking countries amounted to US$29.667 billion
More hotel rooms were occupied in April than in March even though they were slightly more expensive.
The city’s exports of zero-tariff goods to Mainland China under the Closer Economic Partnership Arrangement (CEPA) experienced a drastic drop of 30.34 per cent in January 2016 compared to December 2015, the latest official data released by the Macau...

Peso pipeline

BDO Unibank expands in an effort to attract more remittance business from migrant workers By  Joseff Kevin L. Musa Philippine bank BDO Unibank Inc is expanding its footprint in Macau. Cash remittance subsidiary BDO Remit (Macau) Ltd has opened a third...

Budget under control

The MSAR Government has managed to generate more surplus than expected as October passes
The Department for Conventions and Exhibitions and Economic Activities Development from the Macao Economic Services (DSE) will move to a new location after June 17, according to a DSE dispatch. The department will relocate to the 3rd floor of no....
The Novo Banco Asia sale agreement wasn’t due to recent negative results, it is claimed, although the process might impact its future performance, an inside source told Business Daily
The city’s foreign exchange reserves reached MOP155.7 billion (US$19.5 billion) as at the end of last year, reveal preliminary estimates by the Monetary Authority of Macau (AMCM). The amount represents an increase of 2.8 per cent from that of MOP151.4...

Unequal funding

On average, female workers make less than their male colleagues
The total renminbi clearing amount in the territory jumped 22.8 per cent year-on-year to 1.57 trillion yuan (MOP1.92 trillion/ US$138.6 billion) in 2015, which ranks it 9th in the world, said Yao Jian, Deputy Director of the Central People’s...
Domestic loans granted by the bank sector also increased 1.1 per cent month-on-month
Taiwan continues to rank as the third biggest visitor market to Macau, said Macau Government Tourist Office Director, Maria Helena de Senna Fernandes. She made the remarks when promoting Macau’s tourism in Taiwan, for which a road show and...
Driven by higher rentals and rising charges for eating out, inflation increased 4.23 per cent year-on-year during September, according to information released on Friday by the Statistics and Census Service (DSEC). Nevertheless, inflation was down 0.41 percentage points from...
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