Economy

Government says no deflation in Macao

The Macao government insisted today that the special administrative region is not being affected by deflation. 

25 Oct, 2020

Visitors rise 97.7% month-to-month in September 

Macao's number of visitor arrivals surged by 97.7% month-to-month to 449,085 in September.

23 Oct, 2020

Property price index dips 0.3% in June-Aug

Macao's overall residential property price index for June-August dipped by 0.3% over the previous survey period (May-July) to 268.0.

23 Oct, 2020

Inflation drops 0.40% in September

Macao’s composite consumer price index (CPI) in September dropped by 0.40% year-on-year, the first decrease since December 2009.

23 Oct, 2020

President Xi asks Shenzhen to promote the construction of the GBA

Xi Jinping has asked Shenzhen to take active moves to further promote the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, calling for efforts to synergise economic rules and mechanisms in the three regions.

14 Oct, 2020

Ho set to meet Xi in Shenzhen this week

Chief Executive Ho Iat Seng will not be in Macao until Wednesday, the Macao government announced today.

12 Oct, 2020

Property price index falls 0.3% in June-August

Macao's overall residential property price index for June-August decreased by 0.3% over the previous survey period (May-July) to 268.0.

9 Oct, 2020

BNU and Bank of China to remain as Macao bank notes issuers until 2030

Bank of China, Limited (BOC) and Banco Nacional Ultramarino, SA (BNU) will both remain the issuers of the Macao currency until 2030, based under new agency contracts for the issuance of banknotes that had been signed today.

9 Oct, 2020

COVID-19 reduces wine imports by 47% in H1

Due to the economic impact of the COVID-19 pandemic, Macao's wine imports fell by nearly 47 per cent to about MOP 245 million in the first half of the year, public broadcaster Rádio Macau-TDM reported this week.

7 Oct, 2020

Golden Week visitors fall 87% in first 4 days 

Macao's number of visitor arrivals in the first four days of the 8-day National Day/Mid-Autumn Festival holiday fell by 87.4% year-on-year to 77,092.

5 Oct, 2020

Hong Kong vows to relax cross-border travel with Macao and Guangdong 

The Hong Kong government is planning to set up a "health code" system that allows quarantine-free travel among Hong Kong, Guangdong and Macao.

5 Oct, 2020

MPay to be available in Hong Kong next year

Macau Pass plans to extend its MPay electronic wallet to Hong Kong next year in conjunction with the latter's Octopus Holdings cashless payment platform.

4 Oct, 2020

Golden Week visitor arrivals to Macao drop 87.2% in first 2 days 

Macao's visitor arrivals on the first two days of the eight-day National Day Golden Week (1-2 October) fell by 87.2% year-on-year to 37,619.

3 Oct, 2020

Macao casinos have best takings since March

Macao's 38 casinos last month recorded their best gross gaming revenue since March, reaching MOP 2.2 billion (US$277 million).

1 Oct, 2020

Special features’ shop scheme continues in Taipa & Coloane

50 shops in Taipa and Coloane have joined the Economic Services Bureau (DSE) second-phase “special features shop programme”, meaning now altogether 100 shops and restaurants are participating in the scheme.

30 Sep, 2020

Local residents’ jobless rate climbs to 4%

Macao's general unemployment rate for June-August stood at 2.8%, while local residents' jobless rate amounted to 4.0%, up by 0.1 and 0.2 percentage points respectively from the previous survey period (May-July).

28 Sep, 2020

Number of non-resident workers in Macao fell by over 10,000

Macao's number of non-resident workers fell by 10,787, or 5.5 percent, to 182,711 at the end of last month, according to figures released by the Labour Affairs Bureau (DSAL).

26 Sep, 2020

BNU CEO says existing transaction control mechanisms effective

BNU existing control mechanisms are effective, the bank's CEO assures, after documents leaked from the US federal agency FinCEN point to suspect financial transactions in Macao.

21 Sep, 2020

Macao to recover in 2021, reliant on Chinese tourism

Macao's economy will recover in 2021 from a 63% fall projected for this year with the Special Administrative Region's "fortunes tied to a recovery in Chinese tourism", the Economist Intelligence Unit (EIU) says.

21 Sep, 2020

Inflation in Aug logs lowest growth since Nov 2009

Macao’s composite consumer price index for last month rose a mere 0.03% year-on-year, the lowest growth recorded since November 2009.

21 Sep, 2020