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Macau
Wednesday, September 27, 2017

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HSBC sharpens its focus on the top-end of town with its newly launched premium banking option HSBC Macau wants to grow its retail banking operations with the territory’s affluent upper class. The bank has recently introduced HSBC group’s global wealth...

You can bank on Ho

As early as next year a new investment bank could be opening its doors in the territory - at least that is what Macau-based Geocapital Holdings is hoping. The investment holding company plans to launch a bank here, in partnership...
The Tourism Fund granted MOP559,000 (US$69,875) to 19 local associations in the first quarter, with 73 per cent of the subsidies given to two associations – namely, the General Union of the Neighbourhood Associations (UGAMM), also known as ‘Kai...
Local investment in equity securities, long-term securities and short-term securities all registered increases from the end of last year
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...
Mr. Li told reporters that he believes the Special Administrative Region would eventually overcome its economic difficulties
The new gaming and tourism entities that com­menced operating in the territory in­creased the number of persons engaged by 9.6 per cent to 50,677 in hotels and 12.8 per cent to 32,251 in restaurants, according to the Survey on...
More restaurants and retailers report bad business performance for the month of August
Investment made by local firms outside the territory also plunged by nearly 60 per cent year-on-year
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...
There were still around 2,500 jobseekers searching for a recruitment match by the end of the second quarter on the Labour Affairs Bureau’s database
The government should do more to help small businesses, and SMEs should do more to help themselves, a study finds A study of strategies for nurturing small and medium enterprises has reached one important interim conclusion: the government should offer...
Mainland Chinese visitor arrivals, the most important source of tourists for Macau, posted a decline of 4.5 per cent for the first seven months this year, official data shows
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
In the space of a year the number of non-resident workers in Macau has jumped 20.6 per cent - from 143,752 in February 2014 to 173,358 in February 2015 - according to Public Security Police Force data published yesterday. In...
Macao Economic Services approved MOP111.2 million (US$13.9 million) to subsidise the interest on bank loans by local enterprises during the third quarter of the year, which grew by 27 per cent from the MOP87.5 million registered during the second...

Healthy households

How has the remarkable recent upsurge in income and housing prices affected Macau households’ asset and liability positions? A first answer is finally available, with a new study concluding that “Macau’s household balance sheet appears to be healthy” even...
More than in March but the 2.55 million visitor arrivals that the city posted during the month still translates into a year-on-year decline of 3.4 pct.
Dah Sing Banking Group Limited has posted a 3.85 per cent year-on-year drop in profit before taxation for its Macau operations during the first six months of the year, according to its filing withd the Hong Kong Stock Exchange. This...
In addition, the bureau plans to hold more CEPA-related events in the future to enhance local business’ understanding of CEPA opportunities Director of Macau Economic Services (DSE) Sou Tim Peng said the government would continue nurturing its economic co-operation with...
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