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Day: August 3, 2016

Macau Monetary Authority: Economy to stabilise next year

Macau Monetary Authority: Economy to stabilise next year

A Monetary and Financial Stability Review compiled by the Monetary Authority indicates that Macau’s economy is back on track and could resume growth already next year. “Macau SAR’s current economic adjustment is cyclical, and the sign of bottoming-out is looming. Economic contraction is likely to continue through 2016 but the degree is narrowing as mainly […]
BNU Macau concludes first six months with net results up 17 per cent

BNU Macau concludes first six months with net results up 17 per cent

Banco Nacional Ultramarino (BNU Macau) concluded the first half of 2016 with year-on-year growth of 17 percent in net results, which amounted to MOP278.57 million (US$34.8 million), said chief executive officer Pedro Cardoso. Cardoso told Macauhub on Monday that all key banking business indicators showed improvements when half-years were compared. He highlighted, for example, the […]
Macau vehicle registrations fall 32 per cent in H1

Macau vehicle registrations fall 32 per cent in H1

The number of new motor vehicle registrations dropped by 31.6 per cent year-on-year to 6,869 in the first half of the year, the Statistics and Census Bureau (DSEC) announced on Tuesday. The number of new motorcycle registrations declined by 25.9 per cent to 3,809. The number of new light private car registrations fell by 48.4 […]