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Day: December 30, 2015

Banker predicts possible rate hike in Macau in 2nd half of 2016

Banker predicts possible rate hike in Macau in 2nd half of 2016

Luso International Banking Assistant General Manager Chan Wai Shing said on Tuesday that he believed local lenders’ earliest interest rate hike would possibly happen in the latter half of next year. Chan made the remarks on the sidelines of the launching ceremony for the bank’s three-currency Unionpay credit card at the Macau Tower, involving the […]
Macau’s imported workers rise 9 percent to over 182,000

Macau’s imported workers rise 9 percent to over 182,000

Macau had 182,246 non-resident workers at the end of last month, up 9 percent year-on-year, the government’s Human Resources Office (GRH) announced this week. Some 70.1 percent of the workers were imported from the mainland (116,941), Hong Kong (9,144) and Taiwan (1,636). Other major segments came from a number of foreign countries, namely the Philippines […]
Macau’s Christmas visitors rise 9.9 percent

Macau’s Christmas visitors rise 9.9 percent

Macau’s number of visitor arrivals during the Christmas holiday period between December 20-26 rose 9.92 percent year-on-year to 1.08 million, the Public Security Police (PSP) announced on Tuesday. According to a PSP statement, the city’s seven border checkpoints recorded 3.29 million crossings by locals and visitors during the 7-day period – 1.65 million entries and […]