Macau’s motor car and motorbike imports fell 55.6 per cent year-on-year to 911 million patacas in the first nine months of the year, the Statistics and Census Bureau (DSEC) announced on Sunday. Mobile phone imports fell 44.9 per cent to 3.06 billion patacas. Watch imports dropped 31.9 per cent to 3.3 billion patacas. Gold jewellery […]
Business
Domingos Savio Chang, who heads the Macau Financial Employees Association, said on Thursday that the city’s outdated laws and rules regulating the financial sector, as well as the insufficient number of qualified professionals, were hindering the development of the sector in Macau. Chang made the comments during a press conference about an upcoming event to provide […]
Macau’s composite consumer price index (CPI) rose 1.59 per cent on September, a further slowdown from the 1.65 per cent growth in the previous month, the Statistic and Census Bureau said in a statement. The bureau attributed the increment to higher rentals for parking spaces, the higher cost of eating out, as well as increases […]
Chief Executive Fernando Chui Sai On said on Monday the government was not likely to cease its cash handout scheme next year, Macau Federation of Trade Unions (commonly known as Gung Luen) President Chiang Chong Sek told reporters after meeting Chui at Government Headquarters. Pointing out that Macau has a fiscal surplus, Chui told Chiang […]
The Chinese city of Changzhou will house the Jiangsu-Macau cooperation park, according to a memorandum signed on Friday by the Chief Executive of Macau, Chui Sai On and the governor of Jiangsu Province, Shi Taifeng. The Chief Executive said that the Government of Macau will take advantage of the valuable experience of Jiangsu in international […]
Over 50 co-operation agreements were signed during the two-day 21st Macau International Trade and Investment Fair (MIF), the Macau Trade and Investment Promotion Institute (IPIM) announced on Saturday, the event’s last day. The annual fair is hosted by the government-run institute. About 380 business-matching sessions took place during the fair, 110 of which were scheduled through […]
One of organisers of the annual car, yacht and business aviation exhibitions said on Wednesday that the city’s economic downturn would certainly affect the fair’s sales, adding that the exhibitions would focus on promoting exchanges among exhibitors this year. According to a statement of the exhibitions’ organisers, the 6th China (Macau) International Automobile Exposition, 6th China […]
The 21st Macau International Trade and Investment Fair (MIF) announced on Tuesday that it will have a partner country and a partner city for the first time, which will be Portugal and Beijing respectively. The annual event, once again themed “Co-operation – Key to Business Opportunities”, will be held from tomorrow until Saturday at the Venetian in Cotai. There will be around 1,600 […]
Chief Executive Chui Sai On said Friday at the 2016 Pan-Pearl River Delta (PPRD) Regional Cooperation Chief Executive Joint Conference in Nanchang, Jiangxi province that Macau will integrate development with its unique advantages, to fully support PPRD cooperation and innovative development, and will promote the “Belt and Road” initiative. Speaking at the conference, Chief Executive Chui Sai […]