Business

27 Nov 2018

Granting of gaming concessions by open tender: Leong

Secretary for Economy and FinanceLeong Vai Tac reaffirmed in the legislature’s hemicycle Monday that the government plans to launch an open tender process for the granting of future gaming concessions, in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions.

22 Nov 2018

Weight of gaming in Macau economy increases to 49.1% in 2017

The weight of gaming in Macau’s gross value-added structure increased by 2.5 percentage points from 2016 to 2017, accounting for 49.1% of the total, according to the region’s Statistics and Census Bureau (DSEC).

22 Nov 2018

Air Macau adds three new Airbus aircraft to its fleet

In the first half of 2019 Air Macau is scheduled to take delivery of three new A320neo Airbus aircraft that were ordered from BOC Aviation, the Bank of China group company said in a statement.

22 Nov 2018

Macau lawmakers pass record budget bill

Secretary for Economy and Finance Leong Vai Tac said Wednesday that the government expects its total expenditure to increase by 2.2 percent next year, amounting to 103.34 billion patacas ( US$ 12.9 billion) – another spending record.

08 Nov 2018

Credit cards issued by local banks reach 1.28 million

The total number of personal credit cards issued by banks in Macau increased by 10.3 percent year-on-year at the end of September, Macau Monetary Authority (AACM) said in a statement on Wednesday.

06 Nov 2018

Chui briefs Xi on Macau’s progress

Chief Executive Fernando Chui Sai On Monday briefed President Xi Jinping on Macau’s progress while the latter and other dignitaries toured one of the Macau exhibition areas at the 1st China International Import Expo (CIIE) in Shanghai