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Day: July 28, 2014

IMF warns of ‘threat of housing bubble’ in Macau

IMF warns of ‘threat of housing bubble’ in Macau

The International Monetary Fund (IMF) in Washington says there is evidence of a “threat of a housing bubble” in Macau and “overvaluation” in the local property market, according to a statement by the Macau Monetary Authority (AMCM) citing an IMF report Macau’s financial sector regulator issued the statement on Friday. The IMF report said that Macau […]
New chamber leaders to brief Beijing

New chamber leaders to brief Beijing

The newly elected board members of the Macau Chamber of Commerce (ACM), including Chairman Ma Iao Lai and board member Lionel Leong Vai Tat, both members of the government’ top advisory Executive Council (ExCo), flew to Beijing Sunday for meetings with a number of central government entities, including the State Council’s Hong Kong and Macau […]