New motor vehicle registrations fell by 26.1 percent year-on-year to 906 in April, the Statistics and Census Bureau (DSEC) has announced.
Business
Macau’s gross domestic product (GDP) shrank by 3.2 percent year-on-year in real terms, ending the uptrend that lasted for 10 consecutive quarters, the Statistics and Census Bureau (DSEC) said Monday.
Gaming revenue returned to year-on-year growth last month, yet analysts cautioned that the modest gain is a sign that the world’s largest gaming hub still faces headwinds from regional competition and trade-war uncertainties.
The Macau government will subsidise the LRT skytrain operation with more than 1 billion patacas a year, Mak Soi Kun, president of the Legislative Assembly’s Public Finance Affairs Follow-Up Committee, has indicated.
The Macau government intends to hire a consultancy to study the feasibility of opening a stock market in Macau, Macau Monetary Authority (AMCM) President Benjamin Chan Sau San says.
Macau’s economy in the first quarter experienced negative growth year-on-year, primarily due to the high base of comparison in the same quarter of last year.
Melco Resorts& Entertainment Limited announced that it bought a 19.99 percent stake in Crown Resorts Limited from CPH Crown Holdings Pty Limited.
Monday’s Guangdong-Macau Cooperation Joint Conference has resulted in nine agreements covering the next phase of cooperation between the two areas, and reinforced their efforts to press ahead with the objectives envisaged under the plan for the GBA
A forum to be held in Macau later this week aims to be a platform for leaders to exchange ideas and information on infrastructure strategies mainly in connection with the central government’s Belt and Road Initiative (BRI) Yu Xiaohong, vice-president of the China International Contractors Association, said Monday.