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Day: June 16, 2015

Macau fiscal surplus drops 54.9 percent in 5 months

Macau fiscal surplus drops 54.9 percent in 5 months

The Macau government recorded a fiscal surplus of 25.28 billion patacas in the first five months of this year, down by 54.9 percent year-on-year, according to the latest figures released by the Financial Services Bureau (DSF). Total public revenue in the five months stood at 46.42 billion patacas, down 33.8 percent year-on-year. This noticeable drop […]
Macau’s economy is expected to resume growth in 2016

Macau’s economy is expected to resume growth in 2016

The Macau economy is expected to start growing again in 2016, when the technical Economist Intelligence Unit predicts real growth of 5.3 percent, according to the most recent report on Macau. After the GDP of the territory recorded a growth rate of 10.7 percent in 2013 and negative 0.4 percent in 2014, the EIU report […]
Macau legislators reject trade union bill for 6th time

Macau legislators reject trade union bill for 6th time

Lawmaker-cum-unionist Jose Pereira Coutinho’s labour union bill was defeated for the sixth time on Monday in the Legislative Assembly (AL). Coutinho proposed six different bills, including the trade union bill, all of which were voted down. The other ill-fated bills concerned a wide range of issues such as employees’ protection from discrimination over gender and […]