The fiscal reserve of the Macau Special Administrative Region totalled MOP 438.7 billion (US$54.8 billion) at the end of 2016, an amount that represents an increase of 27% compared to 2015, according to the Monetary Authority of Macau (AMCM).
Business
Prices in Macau in February rose by 0.37% year-on-year, “a substantial slowdown compared to the annual growth recorded in January (+1.76%),” due to the decrease observed in the prices of excursions and vegetables, reported Macau’s Statistics and Census Bureau.
The Monetary Authority of Macau (AMCM) increased its overnight discount base rate by o.25% of a percentage point to 1.25%, the AMCM said in a statement issued on Thursday.
The Macau economy is expected to grow at a rate of 5.2 percent in 2017 and an average rate of 5.3 percent in 2018, according to the latest report on Macau from the Economist Intelligence Unit (EIU).The publication adds that the expected economic growth will be based on increased gaming revenues.
The gaming industry’s number of full-time employees dipped by 0.8 percent year on year to 55,794 at the end of last year. The number of dealers (croupiers) dropped by 2.4 percent to 24,039, the Statistics and Census Bureau (DSEC) said in a statement on Tuesday. Gaming industry staff accounted for about 14 percent of the […]
The operation of the Infrastructure Development Office (GDI) will be extended for another two years, to June 30 2019, according to an announcement published in the Official Gazette (BO) on Monday. The government announced in 2015 that the operation of the office will be extended to June 30, 2017. The office was set up in […]
Representatives of provinces and regions “9 + 2″ of the Pan Pearl River Delta will visit Brazil and Portugal between 5 to 12 March focused on research and exchange of information on environmental protection and management of marine waters, a spokesman said in Macau on Thursday.
Gaming revenue in Macau surged 17.8 percent in February, after a three year drop, according to Macau’s Gaming Inspection and Coordination Bureau.
Galaxy Entertainment Group (GEG) and SJM Holdings reported on Tuesday their 2016 results. According to a GEG statement to the Hong Kong Stock Exchange, the company recorded a full-year net profit attributable to shareholders (NPAS) of HK$6.3 billion.