The 21st edition of the Macau International Fair (MIF), taking place from 20 to 22 October, will have the participation of over 50 countries and regions showcased at over 1,600 stands, said the fair’s organising body, the Macau Institute for Trade and Investment Promotion (IPIM). Based on the theme of “Cooperation – The Key to […]
Business
Vice Minister of Commerce Gao Yan said on Wednesday that entrepreneurs from China and Portuguese-speaking countries (PSCs) would use a newly-set up federation as a platform to deepen bilateral trade and investment. Gao made the remarks in a speech at the 5th Ministerial Conference of the Forum for Economic and Trade Co-operation between China and […]
The headquarters of the US$1 billion fund for investment in Portuguese-speaking countries announced by China in 2013 will be transferred from Beijing to Macau to facilitate contact with potential interested parties, the President of the Fund said on Wednesday in Macau. The information was provided to Portuguese news agency Lusa by the president of the […]
Macau’s gross domestic product will drop 4.7 per cent in real terms this year, the International Monetary Fund (IMF) predicts in its World Economic Outlook October 2016. The Macau Post Daily received the report from the Washington-based lender on Wednesday. In its April outlook, the fund had still forecast a negative GDP growth of 7.2 […]
Ian Coughlan was appointed as president of Wynn Macau, replacing Gamal Abdelaziz, who resigned, the Las Vegas-based company said Friday in a filing. Coughlan will be responsible for all operations and development at the Wynn Palace, as well as the Wynn Macau resort, the company said. The Palace opened on Aug. 22, and the part […]
Macau casino gaming revenue grew for the second straight month in September according to statistics released on Saturday from Macau’s Gaming Inspection and Coordination Bureau (DICJ). The figures released by the DICJ showed gross gaming revenue hitting MOP 18.4 billion (US $2.3 billion) in September, up 7.4 per cent from the same month last year. That followed […]
The value of merchandise imports in August registered an increase for the first time since August 2015, up by 1.8 per cent year-on-year to MOP6.92 billion. According to information released on Thursday by the Statistics and Census Service (DSEC), imports of large passenger cars surged by 722.9 per cent and imports of watches and gold […]
A casino pit manager and three junket workers have been detained for using a pack of apparently tampered-with cards in a baccarat game and managed to cheat a VIP room out of HK$24 million in just 30 minutes of gambling. The Judiciary Police (PJ) held a special press conference on Monday during which PJ spokesman […]
Macau’s composite consumer price index (CPI) rose a mere 1.65 per cent year-on-year last month, a further decrease of 0.43 per centage points from the 2.08 per cent growth in July, the Statistics and Census Bureau (DSEC) said in a statement on Wednesday. The statement attributed the increase mainly to higher rentals for parking spaces […]