The central government will keep supporting Macau to become a yuan clearing platform between China and the Portuguese-speaking bloc, Yao Jian, deputy director of the Central People’s Government Liaison Office in Macau, said on Wednesday. Yao made the remarks when addressing a seminar jointly hosted by the Bank of China Macau Branch (BOC Macau) and […]
Business
The Secretary for Economy and Finance, Lionel Leong, was in Beijing last week to witness the signing of a memorandum of understanding (MOU) between the State Administration of Traditional Chinese Medicine (TCM) and the Guangdong-Macau Traditional Chinese Medicine Technology Industrial Park Development. The secretary said that Macau intends to use the ties forged with Lusophone […]
Housing prices dropped 22 percent last year and without anything expected to stimulate the local economy, the local office of Hong Kong estate agency Centaline Property said that it hoped the drop in property prices won’t exceed 20 percent this year. Centaline (Macau) Property Agency Director Jacky Shek Pou Tak and Senior Regional Sales Director […]
A survey conducted by the Bosco Youth Service Network (BYS) between September and December last year shows that 34.3 percent of the surveyed youths aged 14 to 21 gambled last year, down from 48 percent a year ago. The survey also reveals that 1.5 percent of local youths display symptoms of gambling disorders, a 1.5 […]
Responding to a resident’s comment that “gambling is 90 percent a scam”, newly appointed Gaming Inspection and Co-ordination Bureau (DICJ) Director Paulo Martins Chan said that the government would do its best to minimise any possible negative impact that the gaming industry may have on civil society. The director, who took up his position last […]
The Macau Gaming Enterprises Staff Association and two newly established unions submitted a joint petition to the city’s six casino operators yesterday morning, calling for a pay rise for gaming workers, Kelvin Choi Kam Fu, who heads the association, said on Tuesday afternoon. Choi made the remarks on the sidelines of a press conference at […]
Driven by the tourism market of Southeast and North Asia, Macau International Airport (MIA) achieved record-breaking passenger volume in 2015. During the year, MIA passenger count surpassed 5.8 million, representing an annual increase of 6.4 per cent, which is a new record for MIA. Meanwhile, the aircraft movement reached over 55,000 and recorded a 6 […]
Macau’s gambling revenue ended 2015 with a whimper, falling for a second straight year as China’s corruption crackdown continued to keep high rollers from the Asian gaming hub. Revenue slid 34.3 per cent to a five-year low of 230.84 billion patacas ($28.92 billion), according to numbers released by Macau’s Gaming Inspection and Coordination Bureau. Gaming […]
Information from the Statistics and Census Service indicated that total imports of goods for November 2015 fell 17.4 percent year-on-year, while total exports of goods are up 6 percent for the same period. Excluding the import and export of services, the goods trade deficit widened to MOP68.02 billion for the first eleven months of 2015. […]