Macau’s economy is expected to see a growth of 4.3% this year, down by 40 basis points from 4.7% in 2018, according to the latest economic forecasts from the International Monetary Fund (IMF).
Business
he Macau government is working to publicise the currency of China and the services provided by local banks in Portuguese-speaking countries, the secretary for Economy and Finance said on Wednesday in Beijing.
Three local mobile network providers can officially stop providing their 2G network service from August 1, based on amendments made to each telecoms’ licence, a statement from Macau Post and Telecommunications Bureau (CTT) said Monday.
The World Trade Organization (WTO) has recently examined and approved the China’s Hong Kong-Macao Closer Economic Partnership Arrangement (CEPA) to ensure that the agreement is in lines with the WTO rules, the government of the Macau said in a press release on Wednesday.
China mainland aims to develop Hengqin District into an “international tourism island” in its efforts to further integrate the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), according to a Xinhua report Tuesday.
The novel Bank of China (BOC) Global Advanced Corporate Finance Centre concept got off the ground Tuesday, providing a financing platform for local investors participating in the Belt and Road Initiative (BRI) and Greater Bay Area (GBA) development projects.
Casinos’ gross revenue from games of chance fell by 0.4 percent year-on-year to 25.84 billion patacas (US$ 3.23 billion) last month, the Gaming Inspection and Coordination Bureau (DICJ) announced Monday.
The local airport operator has reported a profit of 532 million patacas before preferred dividends last year, a year-on-year increase of 18 percent.
The Executive Council announced yesterday that the government has drafted a bill which – if approved by lawmakers – would enable Macau to implement the Kimberley Process Certification Scheme (KPCS), which then would allow Macau to import rough diamonds.