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Day: February 27, 2015

Macau’s economy likely to shrink in first quarter of 2015

Macau’s economy likely to shrink in first quarter of 2015

Lionel Leong says Macau’s economy is likely to decline in the first quarter of 2015 if gaming revenues continue to drop. The Secretary for Economy and Finance also says the government is taking note of the steep decrease in casino revenues reported during the Chinese New Year week. Gaming revenue is estimated to have plunged […]
Macau reacts coolly to HK tripartite platform idea

Macau reacts coolly to HK tripartite platform idea

Secretary for Economy and Finance Lionel Leong Vai Tac has reacted coolly to his Hong Kong counterpart’s proposal to set up a tripartite platform involving Hong Kong, Macau and the mainland. Responding to Hong Kong Financial Secretary John Tsang Chun-wah’s suggestion on Wednesday that Hong Kong, Macau and the mainland should form a new economic […]