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Japan lifting casino ban won’t greatly impact Macau says scholar

Japan lifting casino ban won’t greatly impact Macau says scholar

A green light for casinos to operate in Japan is unlikely to have a significant impact on the gaming industry in Macau, Davis Fong Ka Chio, who heads the Institute for the Study of Commercial Gaming at the University of Macau (UM), said this week. Fong made the remarks in an interview on Wednesday in his office […]
Macau’s foreign trade falls from January to October

Macau’s foreign trade falls from January to October

Foreign trade in Macau totalled 66.613 billion patacas (US$8.326 billion) from January to October, which represents a contraction of 13.565 billion patacas over the same period of 2015, reported the Statistics and Census Bureau.
GDP grows again after 2-year shrinkage

GDP grows again after 2-year shrinkage

Macau’s gross domestic product (GDP) has finally snapped a two-year contraction amid a recovery in casino receipts. GDP grew 4 per cent year-on-year in real terms in the third quarter, the first positive quarterly growth recorded over the past two years, the Statistics and Census Bureau (DSEC) announced yesterday. The bureau attributed the return to […]
Hengqin has enough land for local investors

Hengqin has enough land for local investors

Apart from the five-square-kilometre area known as the Hengqin Guangdong-Macau Co-operation Industrial Park, Hengqin Island has enough land for investors from Macau, the director of the Administrative Committee of Hengqin New Area, Niu Jing, said on Tuesday. Niu made the remarks on the sidelines of a seminar at the Zhuhai Holiday Resort Hotel about the […]
Rise in public investment needed during downturn says Leong Vai Tac

Rise in public investment needed during downturn says Leong Vai Tac

Secretary for Economy and Finance Lionel Leong Vai Tac said on Monday the government needed to increase public investment to help boost the local economy amid its current downturn. Leong made the remarks when attending a plenary session to present the government’s 2017 budget bill, which was unanimously passed by the legislature. According to the […]
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