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Year: 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 […]
Macau’s hotel guests rise 11.5 per cent in April

Macau’s hotel guests rise 11.5 per cent in April

Macau’s 106 hotels and inns recorded 917,000 guests in April, an increase of 11.5 per cent year-on-year, the Statistics and Census Bureau (DSEC) announced on Tuesday. Mainlanders accounted for 66.5 per cent and 12.5 per cent of all guests respectively. While the number of guests from the mainland grew 16.7 per cent year-on-year, the number […]
Macau’s vehicle imports drop 52.1 per cent in January-April

Macau’s vehicle imports drop 52.1 per cent in January-April

Macau’s imports of motor vehicles – cars and scooters – dropped by 52.1 per cent year-on-year to 434 million patacas in the first four months of the year, the Statistics and Census Bureau (DSEC) announced on Tuesday. Imports of mobile phones fell by 54.7 per cent year-on-year to 1.6 billion patacas. Imports of gold jewellery dropped by 24.3 per […]
Macau delegation signs tourism training memorandum with Cambodia

Macau delegation signs tourism training memorandum with Cambodia

A local delegation of 50 peple concluded a three-day visit to Cambodia on the 30 May 2016 with a meeting with the President of the Senate, said the Macau Government Information Bureau. The vice president of the Chinese People’s Political Consultative Conference and former Chief Executive Edmund Ho, and the Secretary for Social Affairs and […]
Macau GDP shrinks 13.3 per cent in Q1

Macau GDP shrinks 13.3 per cent in Q1

Macau’s gross domestic product (GDP) shrank by 13.3 per cent year-on-year in real terms in the first quarter, the Statistics and Census Bureau (DSEC) said in a statement on Monday. The bureau attributed the decrease in the city’s economic output mainly to “the continuous decline in exports of services and decrease in investment.” According to […]
Casino crimes rise 56 per cent in Q1

Casino crimes rise 56 per cent in Q1

Secretary for Security Wong Sio Chak said on Monday that the number of gaming-related crimes rose by 55.9 per cent year-on-year in the first quarter of the year. Wong announced the city’s crime figures for the first three months of the year during a press conference at his office in Cotai. According to Wong, gaming-related […]
Macau government in talks with Guangdong over nuclear plant safety

Macau government in talks with Guangdong over nuclear plant safety

The government said in a statement on Sunday that it had asked its Guangdong counterpart to provide it with details about a future nuclear plant in Taishan, in order to dispel public concerns about a potential nuclear incident. The statement was published by the Office of the Government’s Spokesperson. Earlier this year, Hong Kong’s news […]
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