Macau’s economy will contract at a rate of 5.2% in 2019, according to the latest forecasts from the Economist Intelligence Unit (EIU), which refer to 2021 as the year in which the territory will return to positive growth rates.
Business
After more than a one year suspension from her duties in IPIM Glória Batalha Ung returned to the institution to work in the Department of Economic and Commercial Promotion with Lusophone markets.
Zhang Yaqin, president of Beijing-based internet giant Baidu, will be giving a lecture on “Advances in Autonomous Driving” on Monday at the University of Macau.
A decade after the project was launched, the Macau Light Rail (LRT) will start operations on Tuesday.
Trade between the Chinese mainland and Macau amounted to 17.59 billion yuan in the first 10 months of the year, up 5.5% year-on-year.
The People’s Bank of China has inked a currency swap deal with the Macau Monetary Authority.
Macau casinos gross gaming revenue (GGR) fell 8.5 percent year-on-year in November, according to data released today by the Gaming Inspection and Coordination Bureau (DICJ).
The first batch of rough diamonds subject to supervision and control by the Kimberley Process Certification Scheme arrived in Macau on Thursday.
The local government will be exempted from income tax when investing in the mainland, once a new deal under the Mainland-Macau agreement to avoid double taxation comes into effect.