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Macau gaming revenue fell 34 per cent in 2015

Macau gaming revenue fell 34 per cent in 2015

Macau’s gambling revenue ended 2015 with a whimper, falling for a second straight year as China’s corruption crackdown continued to keep high rollers from the Asian gaming hub. Revenue slid 34.3 per cent to a five-year low of 230.84 billion patacas ($28.92 billion), according to numbers released by Macau’s Gaming Inspection and Coordination Bureau. Gaming […]
Macau student stirs public outrage by killing stray cat in Taiwan

Macau student stirs public outrage by killing stray cat in Taiwan

A cat abuse case involving a student from Macau has stirred public anger, with over 14,000 netizens endorsing a petition as of Sunday demanding that National Taiwan University expel him. Furious netizens want the school to expel the student immediately and have asked that he be barred from leaving the country so that he can […]
Macau Chief Executive pledges to improve governance

Macau Chief Executive pledges to improve governance

Chief Executive Fernando Chui Sai On pledged in his New Year address to raise the level of his government’s capacity, acknowledging that he was aware of “existing inefficiencies” in governance. Chui also said that Macau’s economy was currently in a “profound adjustment phase”. He promised to promote the local economy’s “adequate diversification” and sustainable development […]
Macau imports fell while exports grew during November

Macau imports fell while exports grew during November

Information from the Statistics and Census Service indicated that total imports of goods for November 2015 fell 17.4 percent year-on-year, while total exports of goods are up 6 percent for the same period. Excluding the import and export of services, the goods trade deficit widened to MOP68.02 billion for the first eleven months of 2015. […]
Report on Macau AL election proposes longer campaign period

Report on Macau AL election proposes longer campaign period

The members of the Electoral Affairs Commission that supervised the 2013 election for the Legislative Assembly are now arguing that candidates should be allowed to publicize their political platforms for longer periods. The proposal was included in one of two reports released on Wednesday that focuses on possible improvements to the operation of elections for […]
Banker predicts possible rate hike in Macau in 2nd half of 2016

Banker predicts possible rate hike in Macau in 2nd half of 2016

Luso International Banking Assistant General Manager Chan Wai Shing said on Tuesday that he believed local lenders’ earliest interest rate hike would possibly happen in the latter half of next year. Chan made the remarks on the sidelines of the launching ceremony for the bank’s three-currency Unionpay credit card at the Macau Tower, involving the […]
Macau’s imported workers rise 9 percent to over 182,000

Macau’s imported workers rise 9 percent to over 182,000

Macau had 182,246 non-resident workers at the end of last month, up 9 percent year-on-year, the government’s Human Resources Office (GRH) announced this week. Some 70.1 percent of the workers were imported from the mainland (116,941), Hong Kong (9,144) and Taiwan (1,636). Other major segments came from a number of foreign countries, namely the Philippines […]
Macau’s Christmas visitors rise 9.9 percent

Macau’s Christmas visitors rise 9.9 percent

Macau’s number of visitor arrivals during the Christmas holiday period between December 20-26 rose 9.92 percent year-on-year to 1.08 million, the Public Security Police (PSP) announced on Tuesday. According to a PSP statement, the city’s seven border checkpoints recorded 3.29 million crossings by locals and visitors during the 7-day period – 1.65 million entries and […]
Annual inflation in Macau slows in November to 3.77 percent

Annual inflation in Macau slows in November to 3.77 percent

Prices in Macau registered annual growth of 3.77 percent in November, due to the increase in housing rental and charges for meals bought outside the home, reported the Statistics and Census Bureau. The Bureau also said the annual change in prices in November was significantly lower than that recorded a month earlier, in October, when […]
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