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Macau mobile phone imports fell 50 per cent in Jan-Feb

Macau mobile phone imports fell 50 per cent in Jan-Feb

Macau’s imports of mobile phones fell by 50.2 per cent year-on-year to 1.009 billion patacas in the first two months, the Statistics and Census Bureau (DSEC) announced on Thursday. Imports of watches dropped by 36.4 per cent to 758 million patacas. Gold jewellery imports declined by 19.7 per cent to 1.07 billion patacas. Imports of […]
PSC product centre in Macau to boost business opportunities

PSC product centre in Macau to boost business opportunities

Macau’s newly opened Portuguese-speaking Countries Food Exhibition Centre, where over 700 kinds of products are on display, will help companies explore business opportunities, Macau Trade and Investment Promotion Institute (IPIM) President Jackson Chang Chou Weng said on Thursday. Addressing the opening ceremony of the centre in the so-called Glass House in Praça do Tap Seac, […]
Macau power utility CEM made 662 million patacas profit in 2015

Macau power utility CEM made 662 million patacas profit in 2015

Power utility CEM announced on Thursday a net profit of 662 million patacas, up 8.8 per cent year-on-year. The announcement came after the company’s annual general meeting. According to a CEM statement, the city’s power consumption increased by 6.2 per cent to hit a record high of 4,966 GWh last year. Peak Demand rose by […]
Air Macau profits fell 70 per cent in 2015

Air Macau profits fell 70 per cent in 2015

Air Macau ended 2015 with net profits of 31 million yuan (38.3 million patacas at current exchange rates), representing a decrease of 70.58 per cent compared to the 106 million recorded in the previous year, according to the local daily Tribuna de Macau. The data is contained in the annual report released on Wednesday by […]
Mainland experts to brief public on Macau disease centre

Mainland experts to brief public on Macau disease centre

Medical experts from the mainland will arrive in Macau on Friday to assure residents of the safety of the government’s planned infectious disease centre, Secretary for Social Affairs and Culture Alexis Tam Chon Weng said on Wednesday. The policy secretary made the announcement after attending a Q&A session in the legislature. “Some experts from the […]
Macau government to stand with business sector

Macau government to stand with business sector

Secretary for Economy and Finance Lionel Leong Vai Tac promised on Wednesday that the government will stand with the city’s business sector, as well as other sectors, to ensure a stable market and employment rate, quality services and creativity while the local economy is going through a profound adjustment phase. Leong also praised the local […]
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 […]
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