Macau’s imports of gold jewellery in January fell 56.5 percent year-on-year to 641 million patacas, the Statistics and Census Bureau (DSEC) announced on Tuesday. Imports of handbags and wallets dropped 35.3 percent to 265 million patacas. Imports of watches dropped six percent to 665 million patacas. Gold jewellery, handbags and watches are popular with shoppers […]
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Secretary for Transport and Public Works Raimundo do Rosario told reporters on Monday there was no plan to examine the quality of every of the city’s thousands of subsidised home ownership scheme (HOS) flat. Rosario said that due to the fact that many owners have already moved into their flats, it was “impossible” to expect […]
The 2ndStanding Committee of the Legislative Assembly met on Monday to review the government’s bill to reform the city’s tertiary education system, but its members found many of the points laid out in the bill to be unclear and said that they would require further clarification from the government. It was the committee’s first meeting […]
Chief Executive Fernando Chui Sai on will pay a four-day visit to the national capital from Wednesday, the Macau Government Information Bureau (GCS) said on Sunday. According to a GCS statement, Chui will attend the opening session of this year’s meeting of the National People’s Congress (NPC) on Thursday. Chui is not a member of […]
About 10 people are missing after a speedboat believed to be carrying illegal visitors on a gambling trip from the mainland capsized off Macau early on Friday. Mainland and Macau authorities have launched an air and sea search-and-rescue operation after the boat overturned about 500 metres off the Grand Coloane Resort before dawn. Four men […]
Macau’s retail sales rose a mere one percent year-on-year to 67.6 billion patacas last year, the Statistics and Census Bureau (DSEC) has announced. Sales of watches and jewellery accounted for 27 percent of the total. In the fourth quarter of last year, retail sales reached 17 billion patacas, up eight percent from the previous quarter, […]
Macau Chief Executive Fernando Chui Sai On has acknowledged that the city’s property prices are “too high” but he ruled out launching immediate measures to tackle the problem. Chui made the remarks on the sidelines of a reception hosted by the Women’s General Association of Macau (commonly known as Fu Luen) on Friday to mark […]
Lionel Leong says Macau’s economy is likely to decline in the first quarter of 2015 if gaming revenues continue to drop. The Secretary for Economy and Finance also says the government is taking note of the steep decrease in casino revenues reported during the Chinese New Year week. Gaming revenue is estimated to have plunged […]
Secretary for Economy and Finance Lionel Leong Vai Tac has reacted coolly to his Hong Kong counterpart’s proposal to set up a tripartite platform involving Hong Kong, Macau and the mainland. Responding to Hong Kong Financial Secretary John Tsang Chun-wah’s suggestion on Wednesday that Hong Kong, Macau and the mainland should form a new economic […]