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Macau government forecasts Brexit impact will be ‘limited’

Macau government forecasts Brexit impact will be ‘limited’

The impact of Great Britain’s referendum to leave the European Union (EU) will have a “relatively limited” impact on Macau, a statement by the office of Secretary for Economy and Finance Lionel Leong Vai Tac predicts. According to the statement issued on Friday, Leong held a meeting with the Macau Monetary Authority (AMCM) on Friday […]
Prices in Macau continue to slow in May

Prices in Macau continue to slow in May

Consumer prices in Macau in May continued to slow, with year on year inflation at a rate of 1.64 per cent, or 38 basis points less than in April, said the region’s Statistics and Census Bureau (DSEC). A chart provided by DSEC in the statement on May’s CPI shows that the general index has been […]
Shun Tak to build mall with cineplex in Taipa, Macau

Shun Tak to build mall with cineplex in Taipa, Macau

Shun Tak Holdings Limited said in a statement on Wednesday that it was partnering with an Abu Dhabi company to build a shopping mall with a cineplex in Taipa that was expected to be operational in 2019. The statement said that the 50/50 joint venture partnership was agreed upon with HIP Company Limited, a wholly-owned […]
Macau’s GDP to fall 5.9 per cent in 2016, return to growth in 2017

Macau’s GDP to fall 5.9 per cent in 2016, return to growth in 2017

Macau’s real GDP will contract by 5.9 per cent this year because of a fall in gambling revenue but will return to growth in 2017. This is the forecast of a report on Macau for the second quarter of this year by the Economist Intelligence Unit (EIU), published in London on June 20. It said […]
Sharp decline in MICE events in Macau

Sharp decline in MICE events in Macau

A total of 191 MICE events were held in the first quarter of 2016, down by 20 per cent year-on-year. Information released on Monday by the Statistics and Census Service indicates that the total number of participants and attendees decreased by 50.4 per cent to 124,960. There were 187 meetings and conferences held in the […]
Government hopes Macau youngsters will set up shop in Guangdong

Government hopes Macau youngsters will set up shop in Guangdong

The government’s Youth Business Incubation Centre is talking to its counterparts in the China (Guangdong) Pilot Free Trade Zone (FTZ) about encouraging young local people to set up shop in the zone, Economic Services Bureau (DSE) Director Tai Kin Ip said on Sunday. Tai spoke to reporters on the sidelines of the closing ceremony of […]
Macau should build itself into ‘data city’ says Jack Ma

Macau should build itself into ‘data city’ says Jack Ma

Macau should make use of the Internet and big data to build itself into a data city, Jack Ma, the founder and executive chairman of e-commerce giant Alibaba Group, said at University of Macau (UM) on Monday. Ma, also known as Ma Yun, made the suggestion during a public lecture hosted by the Zhejiang Chamber […]
Leong hopes to tighten Macau-Zhejiang ties

Leong hopes to tighten Macau-Zhejiang ties

Secretary for Economy and Finance Lionel Leong Vai Tac said on Monday the government hoped to boost co-operation between Macau companies and their counterparts in Zhejiang, adding that the cultural and commercial exchanges between the two places were becoming more frequent. Addressing the founding ceremony of the Association of Zhejiang Entrepreneurs of Macau at Macau […]
Macau can help mainland firms expand says IPIM chief

Macau can help mainland firms expand says IPIM chief

Macau can assist mainland enterprises in expanding their businesses in Portuguese-speaking countries and markets along the “Belt and Road” by providing construction-finance matching services, Macau Trade and Investment Promotion Institute (IPIM) President Jackson Cheong was quoted by Xinhua News Agency. Cheong made the remarks in a speech at the opening session of the 7th International […]
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