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SJM revenue falls 11 per cent in 3rd quarter

SJM revenue falls 11 per cent in 3rd quarter

SJM Holdings’ gaming revenue fell 11.1 per cent year-on-year to HK$9.99 billion in the third quarter, the gaming company said in a statement on Tuesday. In the first nine months, gaming revenue dropped 17.8 per cent year-on-year to HK$30.87 billion. Adjusted Ebitda decreased 8.4 per cent to HK$810 million in the third quarter. In the first three […]
Macau’s gaming revenue grows 8 per cent in October

Macau’s gaming revenue grows 8 per cent in October

Macau posted an 8.8 per cent growth in gambling revenue in October, the third consecutive monthly rise, according to the Macau Gaming Inspection and Coordination Bureau (DICJ). Gaming revenue was MOP 21.8 billion (US$2.73 billion), government data showed on Tuesday. The growth reversed a 26-month fall of revenues of the 38 Macau casinos.  In the first 9 months of […]
New vehicle registrations fall 32 per cent in Jan-Sept 

New vehicle registrations fall 32 per cent in Jan-Sept 

The number of new registrations of motor vehicles dropped 31.7 per cent year-on-year to 10,078 in the first nine months of the year, the Statistics and Census Bureau (DSEC) announced on Monday. The number of new registrations of motorcycles fell 25.3 per cent to 5,785, while the number of new registrations of light automobiles decreased 41.9 […]
Macau vehicle imports fall 55 per cent in January – September

Macau vehicle imports fall 55 per cent in January – September

Macau’s motor car and motorbike imports fell 55.6 per cent year-on-year to 911 million patacas in the first nine months of the year, the Statistics and Census Bureau (DSEC) announced on Sunday. Mobile phone imports fell 44.9 per cent to 3.06 billion patacas. Watch imports dropped 31.9 per cent to 3.3 billion patacas. Gold jewellery […]
Laws lag behind need for financial development says Macau Financial Employees Association

Laws lag behind need for financial development says Macau Financial Employees Association

Domingos Savio Chang, who heads the Macau Financial Employees Association, said on Thursday that the city’s outdated laws and rules regulating the financial sector, as well as the insufficient number of qualified professionals, were hindering the development of the sector in Macau. Chang made the comments during a press conference about an upcoming event to provide […]
Macau inflation increased 1.59 per cent

Macau inflation increased 1.59 per cent

Macau’s composite consumer price index (CPI) rose 1.59 per cent on September, a further slowdown from the 1.65 per cent growth in the previous month, the Statistic and Census Bureau said in a statement. The bureau attributed the increment to higher rentals for parking spaces, the higher cost of eating out, as well as increases […]
Macau Chief Executive says cash handout set to continue

Macau Chief Executive says cash handout set to continue

Chief Executive Fernando Chui Sai On said on Monday the government was not likely to cease its cash handout scheme next year, Macau Federation of Trade Unions (commonly known as Gung Luen) President Chiang Chong Sek told reporters after meeting Chui at Government Headquarters. Pointing out that Macau has a fiscal surplus, Chui told Chiang […]
Macau creates cooperation park with Changzhou in Chinese province of Jiangsu

Macau creates cooperation park with Changzhou in Chinese province of Jiangsu

The Chinese city of Changzhou will house the Jiangsu-Macau cooperation park, according to a memorandum signed on Friday by the Chief Executive of Macau, Chui Sai On and the governor of Jiangsu Province, Shi Taifeng. The Chief Executive said that the Government of Macau will take advantage of the valuable experience of Jiangsu in international […]
Over 50 deals signed at Macau International Fair

Over 50 deals signed at Macau International Fair

Over 50 co-operation agreements were signed during the two-day 21st Macau International Trade and Investment Fair (MIF), the Macau Trade and Investment Promotion Institute (IPIM) announced on Saturday, the event’s last day. The annual fair is hosted by the government-run institute. About 380 business-matching sessions took place during the fair, 110 of which were scheduled through […]
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