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Day: September 15, 2014

Casino growth prospects soften

Casino growth prospects soften

The Fitch Ratings agency downgraded its annual growth forecast for Macau’s casino sector from 10% to 4% for this year due to a weakening in the VIP segment according to a statement on its website on Friday. Whilst the agency still expects to see strong growth in the mass market and slot machines, up 15 […]
Macau Declaration stresses diversity in tourism co-op

Macau Declaration stresses diversity in tourism co-op

The 8th APEC Tourism Ministerial Meeting, which was held in Macau on Saturday, ended with the Macau Declaration which recognises “the significant differences among APEC member economies in economic development, culture and history.” The Macau Declaration on Building a New Future for Asia-Pacific Tourism Co-operation and Development also stressed “that diversity and flexibility should be […]
Wang praises Ho for laying foundation of Macau’s development

Wang praises Ho for laying foundation of Macau’s development

Vice Premier Wang Yang expressed his gratitude on Saturday to Edmund Ho Hau Wah, vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), for his work on laying the foundation of Macau’s development while serving as the city’s chief executive (CE) between 1999 and 2009. Wang also congratulated Chief Executive Fernando […]
Macao Declaration issued as 8th APEC Tourism Ministerial Meeting concludes

Macao Declaration issued as 8th APEC Tourism Ministerial Meeting concludes

The 8th APEC Tourism Ministerial Meeting (TMM8) wrapped up in Macau on Saturday after issuing a declaration which covered measures that ensure the Asia-Pacific travel and leisure industry keeps pace with changing consumer trends and advances in technology. At the one-day meeting, 152 attendees from 21 APEC member economies and international tourism organizations, discussed five […]