Telecom operator CTM opened its first data centre outside Macau in Hong Kong Thursday, with the company’s CEO Vandy Poon Fuk Hei saying that it would provide an extra back-up service, as well as enhance the security and reliability of data management for its customers.
Business
Local casino stocks retreated Monday after Typhoon Mangkhut forced a 33-hour shutdown of the world’s biggest gambling hub, a halt that’s estimated to cost the city’s six gaming operators as much as 1.5 billion patacas in revenue.
In a hard-hitting report published Thursday, the Commission of Audit (CA) says that the estimated construction cost for the eight sections of Macau’s Light Rail Transit (LRT) system that the government has planned for the short, medium and long terms amounts to at least 50 billion patacas (US$ 6.25 billion)
Both of the new approvals of residential mortgage loans and commercial real estate loans in Macau reported a month-on-month decrease in July this year, according to statistics released by the Monetary Authority of Macau.
Total receipts of the 10 enterprises engaging in gaming activities increased by 18.7% year-on-year to MOP268.01 billion (US$ 33.5 billion), marking an end to the downward trend over three consecutive years since 2014, according to data released by the Statistics and Census Service (DSEC), today.
Secretary for Economy and Finance Lionel Leong Vai Tac said Wednesday that Macau’s role in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) will advance the development of the Pan-Pearl River Delta (PPRD) region.
Macau’s imports of mobile phone rose 93.1 percent to 4.08 billion patacas in the first seven months of the year, the Statistics and Census Bureau (DSEC) said in a statement.
Macau’s gaming revenue climbed 17 percent in August from a year earlier to 26.6 billion patacas ($3.3 billion)
Macau’s gross domestic product (GDP) growth in the second quarter of this year slowed to 6 percent year-on-year in real terms, the Statistics and Census Bureau (DSEC) said in a statement Sunday