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Macau
Friday, June 23, 2017
If one were seeking a perfect example of why it’s so hard to make financial markets work well, one would not have to look further than the difficulties and controversies surrounding crowdfunding in the United States. After deliberating for...
Jetstar Hong Kong has sold two-thirds of its fleet of nine Airbus A320 airliners since April, the aircraft sold being redundant until the low-cost airline obtains permission to operate. Jetstar Hong Kong asked the Hong Kong government in 2012 to...
Yesterday was the last day of sales at the special Lunar New Year firecracker markets. Firework stallholders approached by our sister publication Business Daily reported good business, due to the good weather and increased demand by mainland tourists. One firework...
Manulife (International) Ltd and Industrial and Commercial Bank of China (Macau) Ltd say they have formed a bancassurance partnership in Macau. The partnership will enable Manulife International to sell life and medical insurance policies and pension plans through ICBC Macau...
The Secretary for Economy and Finance, Francis Tam Pak Yuen, said yesterday that the inflation rate is likely to go up in the second half of this year. According to Mr Tam, the appreciation of the RMB and the supply...
Director of Transport Bureau hopes taxi regulation draft can be approved before the legislature term end and announces new bus route app.
Mosquitoes know no boundaries, and neither does fear. As public-health experts grapple with the Zika virus, panic continues to spread around the world. Yet the crisis has brought to light two important truths. The first revelation is how badly degraded...
Portugal Telecom (PT) posted a higher-than-expected second-quarter net profit, boosted by the sale of its stake in Companhia de Telecomunicações de Macau (CTM), the city’s biggest telecommunications company. PT's second-quarter net profit rose to 257.3 million euros (US$340.8 million) this...
Macau Legend Development Ltd has signed a non-binding agreement with Japanese pachinko operator Dynam Japan Holdings Co Ltd to set up and operate at least 100 gaming machines at Macau Fisherman’s Wharf. Friday’s agreement will also see Dynam market Macau...

Deposits grow

Total deposits with the banking sector grew 3.7 percent month-on-month in October, to MOP336.8 billion (US$42.1 billion). The shares of MOP and HKD in total deposits were 23.4 percent and 47.2 percent respectively. Domestic loans to the private sector grew...
The government declared yesterday the invalidity of the concession of a land plot in Coloane originally designated for expanding the island’s only port, according to yesterday’s Official Gazette. The land parcel was granted to Macauport - Sociedade de Administração de...
The value of Macau’s merchandise exports rose to MOP2.7 billion (about US$337.5 million) in the first quarter of this year, 9.2 per cent more than a year earlier, official data show. The Statistics and Census Service says domestic exports were...
Macau’s banking sector started 2012 with a strong performance. In the first two months of the year, the total operating profits of the sector increased 42.5 percent year-on-year to MOP786.7 million (US$98.3 million), data from the monetary authority shows. The total...
Air Macau and its parent airline, Air China, intend to sell though-tickets for journeys that begin on one airline and end on the other, making long-haul travel more convenient for passengers bound to or from Macau. Air Macau Co Ltd...
The Macau government and the central government have this week signed a new supplement to the Macau Closer Economic Partnership Arrangement or CEPA. The document mainly comprises new measures concerning the trade and services sector. This is the eighth expansion of...
The proposed updates on the current law will now be sent for an Article-by-Article discussion in a sub-committee of the legislature
The director of the Economic Services Bureau Sou Tim Peng (pictured) says young entrepreneurs may begin applying for the new interest-free loan scheme as soon as next month. Mr Sou told our sister publication Business Daily that the government would...
Despite the increase in tourist arrivals during the Golden Week holiday period, retail sales failed to follow suit, according to an industry representative. The head of the Macau Association of Retailers and Tourism Services, Frederick Yip Wing Fat says mainland...
Factory orders slumped in the second quarter of this year to their lowest since records began in 2004, a Macau Economic Services survey has found. Exporters had an average of 2.1 months of orders in the second quarter, 23.6 percent...
Director of Transport Bureau hopes taxi regulation draft can be approved before the legislature term end and announces new bus route app.
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