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Day: June 2, 2016

Macau’s casinos revenue fell 9.6 per cent in May

Macau’s casinos revenue fell 9.6 per cent in May

Macau’s gross gaming receipts fell 9.6 per cent to 18.4 billion patacas (US$2.3 billion), completing a two-year decline, according to data from Macau’s Gaming Inspection and Coordination Bureau released Wednesday. That followed a 9.5 per cent decrease in April and compares with the median estimate of an 8 per cent drop. Macau has been struggling for two […]
Extension of CEPA agreement comes into force

Extension of CEPA agreement comes into force

The agreement on trade in services between mainland China and Macau, which came into effect on Wednesday, 1 June, will allow companies from 153 areas of activity to offer their services in the interior of China. The document, which is an extension of the Closer Economic and Trade Partnership Arrangement between China and Macau (CEPA) […]
Macau’s balance trade deficit decreases in Q1

Macau’s balance trade deficit decreases in Q1

Macau’s balance of trade deficit from January to April showed a 23.9 per cent year-on-year decrease to 19.331 billion patacas (US$2.416 million), reported the Statistics and Census Bureau. The data available on the Bureau’s website shows that the trade deficit in the same period of 2015 amounted to 25.451 billion patacas. The deficit registered in […]