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Day: December 12, 2014

EIU forecasts Macau’s economy to shrink 4.0 pct in 2015

EIU forecasts Macau’s economy to shrink 4.0 pct in 2015

The Macau economy is expected to contract by 4.0 percent in 2015 and return to positive growth in 2016 with a rate of 8.0 percent, after ending 2014 with growth of just 0.7 percent, according to forecasts from the Economist Intelligence Unit (EIU). The EIU analysts explain this year’s low economic growth and the fall […]
Chui appoints11 ExCo members – only 2 new faces

Chui appoints11 ExCo members – only 2 new faces

Chief Executive Fernando Chui Sai On has appointed 11 officials and community leaders to his top advisory body, the Executive Council (ExCo) – only two being newcomers while the remainder are sitting members, according to an ExCo statement yesterday. Chui will head the government for another five-year term which starts on Saturday next week. Thus […]
Residents most dissatisfied with transport: survey

Residents most dissatisfied with transport: survey

A survey jointly conducted by the Macau Polytechnic Institute (IPM) and the Macau Economic Association (AEM) last month shows that residents are most dissatisfied with transport, followed by the cost of living, living conditions, and the government. This is markedly different from the results of a recent survey carried out by the Macau New Chinese […]