Business

The government of Macau will give new impetus to the integration of the service platform for trade cooperation between China and Portuguese-speaking countries in the “One Belt, One Road,” initiative said the Secretary for Economy and Finance, Leong Vai Tac.

Echo Chan Keng Hong, the re-appointed deputy secretary-general of the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (PSCs), said on Tuesday she was glad that she has been re-appointed to the post after she resigned in late 2015. Chan said her important tasks would include pushing for the implementation of the various support measures announced by the central government last year.

Praveen Choudhary, managing director and head of Hong Kong Property, Hong Kong/China Conglomerates and Asia Gaming Research at Morgan Stanley, said on Tuesday it was very difficult for Macau to massively increase its non-gaming revenue per centage due to the city’s limited land resources. Choudhary made the remarks while speaking to reporters on the sidelines of a press conference at Galaxy Macau about the upcoming 11th G2E Asia gaming expo, where he was one of the main speakers.

The government is confident that Macau’s economy will show positive growth this year, Chief Executive Fernando Chui Sai On said on Wednesday.

Davis Fong Ka Chio, who heads the Institute for the Study of Commercial Gaming at the University of Macau (UM), said on Tuesday he expected Macau’s gaming revenues to rise by up to 10 per cent this year.

Macau trade deficit improved in the period from January to November 2016, having declined 18.34 per cent to 55,482 patacas (US$6.935 billion), reported the region’s Statistics and Census Bureau.