25.4 C
Macau
Sunday, May 28, 2017
The government may want to diversify the economy but when it comes to Mainland tourists they visit the territory expecting to gamble and make a buck
More taxis will be added this year to meet the demands of tourists and local residents.
The Civic and Municipal Affairs Bureau (IACM) handed out some MOP11.1million (US$1.4 million) of subsidies to private entities during the year of 2016, of which more than half went to the Macau Federation of Trade Unions (FAOM), according to Business...
The fiscal surplus for the first two months of the year plunged to MOP15.76 billion (US$1.97 billion) from MOP22.4 billion just one year ago. Meanwhile, the government’s expenditure in the two months slightly decreased by 2.4 per cent year-on-year
Re-exports of clocks and watches jumped 58 per cent year-on-year while domestic exports of tobacco fell 25.2 per cent year-on-year
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
A research report by the local monetary authority suggests the city’s banking sector may enjoy higher returns through business diversified outside the territory.
The total number of personal credit cards in circulation continued to grow in the quarter

Land of the free

Macau has again been ranked the 19th freest economy in the world but experts say there is still work to be done By Sara Farr Macau is sitting comfortably among the 20 freest economies in the world. In first place is...
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...
Sparks fly, nothing forged in meeting Singapore’s man of steel The romance continues between the leaders of Macau and Singapore. Following in the footsteps of his predecessor, Chief Executive Fernando Chui Sai On visited Singapore last month to learn the secrets...
Compared to the government’s annual target of MOP18.8 bln, the total amount of fiscal surplus generated in the first ten months of the year has already met expectations
The local Bank of China's think tank expects negative economic growth for Q2 and Q3, with unemployment remaining low and labour supply as tight as ever
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...
The growth of GNI topped that of GDP last year, totalling 327.78 billion patacas, implying that the ‘average income’ of residents should have reached some 587,000 patacas last year
The amount is a MOP5.5 bln decrease vis-a-vis the surplus of 2013, which stood at MOP175 bln
A survey by the Institute for Tourism Studies finds 38 pct of gaming visitors have wagered less than MOP1,000 or US$125 here during the second quarter
Consumer prices in the MSAR increased 1.53 pct y-o-y on average for last month. The growth rate is higher than that of 1.33 pct for the month of October. Higher charges for eating out, parking spaces and property management fees contributed to the increase.
A research report by the local monetary authority suggests the city’s banking sector may enjoy higher returns through business diversified outside the territory.
Visitors to Macau have been spending less, and for 2015 it dropped 17.5 pct y-o-y, the first annual decline in five years
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