Macau’s foreign exchange reserves amounted to 178.3 billion patacas at the end of last year.
Business
The University of Macau (UM) forecast yesterday that Macau’s economy will shrink 3.7% this year.
The first phase of the Macau Economic Database project by the University of Macau’s (UM) Centre for Macau Studies (CMS) and Department of Economics completed its first phase.
The government aims to complete formulating its guidelines on the method the city’s government-owned enterprises should announce their financial information and start implementing the guidelines next month.
Macau’s gaming revenue in December slipped for the third straight month, marking the worst annual decline since 2015
The number of visitors who arrived in Macau in November by sea, approximately 413,700, represented a decline of 39.0% year–on–year.
Macau and Zhuhai governments have since beginning of the year started planning on a housing project in Hengqin Island.
The Light Rapid Transit (LRT) system has carried over 200,000 passengers since the launch of its service on December 10, Secretary for Transport and Public Works Raimundo do Rosário said.
The Legislative Assembly unanimously passed the government’s 2020 budget bill.