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5th Macau Forum Ministerial Conference to be held in October

5th Macau Forum Ministerial Conference to be held in October

The 5th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau) will take place on 11 and 12 October 2016, said the Government Information Bureau (GCS). The conference, whose theme is “Towards Consolidation of Economic and Trade Relations between China and the Portuguese-speaking Countries: Joining Efforts for Cooperation, […]
CTM slashes broadband fees, gives unlimited data usage in Macau

CTM slashes broadband fees, gives unlimited data usage in Macau

Telecom operator CTM is giving all its broadband and fibre broadband customers unlimited data usage and slashes its tariffs from October 1, the company announced on Tuesday. CTM’s CEO Vandy Poon Fuk Hei said in a press conference at the telecom’s head office in Taipa that despite the fact that all CTM customers will have […]
Macau government grants The Parisian 150 tables

Macau government grants The Parisian 150 tables

The government has authorised The Parisian to install 150 gaming tables until over three phases until 2018, Secretary for Economy and Finance Lionel Leong Vai Tac said on Saturday. Leong, whose portfolio oversees the gaming industry, made the remarks on the sidelines of a public function, responding to reporters’ questions. According to Leong, Sands’ The […]
Macau’s gaming industry reverses slump in August

Macau’s gaming industry reverses slump in August

Macau’s gaming revenue registered a rise of 1.1 per cent year-on-year in August, reversing the 26-month slump of the industry. Macau’s gaming sector collected about 18.8 billion patacas (about US$ 2.4 billion) in August, up 1.1 per cent from the previous year, according to the data released by the special administrative region’s Gaming Inspection and […]
Macau government rents offices for 4 billion patacas in 10 years

Macau government rents offices for 4 billion patacas in 10 years

The government spent four billion patacas on leasing office space in private properties for its bureaus and other public entities between 2004 and 2014, the Commission of Audit (CA) said in a report yesterday. The commission criticised the Lands, Public Works and Transport Bureau (DSSOPT) for being responsible for the dilemma by failing to plan […]
Car and motorbike imports drop 56 per cent in Jan-July

Car and motorbike imports drop 56 per cent in Jan-July

Macau’s imports of cars and motorcycles dropped by 56.4 per cent year-on-year to 700 million patacas, the Statistics and Census Bureau (DSEC) announced yesterday. Mobile phone imports fell by 47.4 per cent to 2.5 billion patacas. Imports of watches dropped by 42.8 per cent to 2.2 billion patacas. Gold jewellery imports decreased by 27.9 per […]
Macau’s GDP decline slows to 7.1 per cent in Q2

Macau’s GDP decline slows to 7.1 per cent in Q2

Macau’s gross domestic product shrank by 7.1 per cent year-on-year in real terms in the second quarter of the year, showing signs of improvement compared with the first quarter, the Statistics and Census Bureau (DSEC) said on Tuesday. GDP contracted by 13.3 per cent in the first quarter. A DSEC statement attributed the lower GDP […]
Macau’s Wynn Palace officially opened

Macau’s Wynn Palace officially opened

Wynn Palace opened Monday night, drawing big crowds to Cotai to try their luck in the new casino, while Wynn Resorts Chairman & CEO Steve Wynn told a ballroom full of guests that the new US$4 billion resort that took six and a half years to build was a “gift” to the community. “It’s our […]
Macau inflation continues slowing down

Macau inflation continues slowing down

Growth in the city’s composite consumer price index (CPI) continued to slow down last month, rising just 2.08 per cent year-on-year, a decrease of 0.18 percentage points from the 2.26 per cent growth in June, the Statistics and Census Bureau (DSEC) announced on Monday. A DSEC statement attributed last month’s increase mostly to higher rentals […]
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