Growth in Macau’s gross domestic product (GDP) slowed to 4.7 percent year-on-year in real terms last year, the Statistics and Census Bureau (DSEC) announced.
Business
The Macau government’s Policy Research and Regional Development Bureau (DSEPDR) Director Mi Jian said Thursday in Beijing that the Outline Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), which was released by the central authorities last week, has endowed Macau with “a historic mission and responsibility in the new era”
Galaxy Entertainment Group’s (GEG) net profit rose by 29 percent year-on-year to HK$13.5 billion last year, the Hong Kong-listed gaming company announced Thursday.
Hong Kong-listed SJM Holdings’ net profit rose by 45.2 percent year-on-year to HK$2.85 billion patacas last year, the gaming company said Thursday.
The government’s Science and Technology Development Fund (FDCT) approved 510 projects last year, involving 260 million patacas in financial support, FDCT President Frederico Ma Chi Ngai announced Thursday.
Macau’s total value of retail sales rose by 15.9 percent year-on-year to 76.8 billion patacas last year, the Statistics and Census Bureau (DSEC) announced.
Macau is expected to experience moderate economic expansion in the medium term, with surpluses in budget execution and external accounts sustained by mass tourism and non-gambling tourism, coupled with the continued monopoly on gambling in China, according to forecast by the International Monetary Fund (IMF).
Macao Water will continue to “optimise” its facilities, the company’s executive director, Nacky Kuan Sio Peng, promised Thursday.
The average price of residential units rose by 7.5 percent year-on-year to 108,427 patacas per square metre of usable area last year, the Statistics and Census Bureau (DSEC) announced.