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Year: 2016

Macau is expected to return to economic growth in 2017

Macau is expected to return to economic growth in 2017

Macau should return to economic growth in 2017, the year in which, according to experts from the Economist Intelligence Unit (EIU) there will be a return to positive values ​​with a real rate of 4.6 percent, according to the latest report on the territory. This positive growth rate occurs after three consecutive years of negative […]
Macau government proposes new taxi service regulation

Macau government proposes new taxi service regulation

Traffic Consultative Council convenor Kuok Keng Man quoted Transport Bureau (DSAT) officials as saying on Tuesday that sting operations, audio recordings and up to three-month suspensions, or even total cancellations of taxi licences, are part of the government’s proposed new taxi service regulation. Kuok made the remarks when talking to reporters after a closed-door meeting […]
Macau & Jiangsu study joint industrial park

Macau & Jiangsu study joint industrial park

The local government and its Jiangsu counterpart signed a memorandum of understanding (MOU) on the creation of a joint task-force for the possible establishment of an industrial zone called “Jiangsu-Macau Co-operation Park”, a statement by the Government Information Bureau (GCS) said on Tuesday. Speaking during a press conference at the local airport before boarding a […]
Government ‘definitely’ has sufficient vaccines

Government ‘definitely’ has sufficient vaccines

Asked by reporters whether Macau would become a hotspot for mainlanders hoping to access safe vaccinations, Secretary for Social Affairs and Culture Alexis Tam Chon Weng said on Monday for locals not to worry, saying that the government “definitely” has sufficient vaccines. According to Xinhua last week, a mother and daughter were arrested in Shandong […]
Laison office says Macau progress is in the economic recostructure

Laison office says Macau progress is in the economic recostructure

The restructuring of economy in the MSAR has achieved progress, an official from the Liaison Office said, reported Xinhua reported. Yao Jian, deputy head of the office, made the comments at a recent seminar attended by senior officials from six large local tourism and leisure enterprises as well as major subsidiaries of Chinese mainland corporations […]
Chow upbeat about Macau Fisherman’s Wharf immigration post

Chow upbeat about Macau Fisherman’s Wharf immigration post

The CEO of Macau Legend Development says the newly announced immigration checkpoint at the Fisherman’s Wharf will be a good platform to further promote the city’s individual travel scheme for yachts. David Chao also thinks this checkpoint can also help fight against illegal entrants and tax evasion. Chief Executive Chui Sai On has issued an […]
Macau telecom operator makes 1.1 billion patacas profit last year

Macau telecom operator makes 1.1 billion patacas profit last year

Local telecom operator CTM made 1.154 billion patacas in profit last year from its mobile, Internet and business solutions services, said the company’s CEO Vandy Poon Fuk Hei . Last year’s profit was up 3.8 percent from the 1.112 billion patacas profit in 2014. According to Poon, with the support of major shareholder CITIC Telecom […]
Macau lawmakers give green light to asset freeze bill

Macau lawmakers give green light to asset freeze bill

The Legislative Assembly gave an initial green light to Macau’s first-ever asset-freezing law, to stop financing of both terrorism and the development of weapons of mass destruction. And authorities say tougher anti-money laundering measures are also being prepared. It was fast and unanimous. In just 15 minutes, the Legislative Assembly passed the city’s first-ever asset-freezing […]
Consumer prices in Macau up to 3.9 per cent

Consumer prices in Macau up to 3.9 per cent

Inflation increased slightly last month, thanks to higher prices for restaurant meals and fresh food during the Lunar New Year period. According to data released on Monday, consumer prices increased by almost 3.9 per cent year-on-year in February, slightly higher than in January. In fact, it was the smallest Lunar New Year increase in five […]
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