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Macau ranks ninth in competitiveness of Chinese cities

Macau ranks ninth in competitiveness of Chinese cities

The latest report released by the Chinese Academy of Social Sciences on competitiveness of cities, has placed Macau at ninth, according to a note published this week by the Macau University of Science and Technology. The release of the Chinese Urban Competitiveness Report marks the 14th anniversary of the publication. The report includes 294 cites, […]
Macau’s casinos revenue fell 9.6 per cent in May

Macau’s casinos revenue fell 9.6 per cent in May

Macau’s gross gaming receipts fell 9.6 per cent to 18.4 billion patacas (US$2.3 billion), completing a two-year decline, according to data from Macau’s Gaming Inspection and Coordination Bureau released Wednesday. That followed a 9.5 per cent decrease in April and compares with the median estimate of an 8 per cent drop. Macau has been struggling for two […]
Extension of CEPA agreement comes into force

Extension of CEPA agreement comes into force

The agreement on trade in services between mainland China and Macau, which came into effect on Wednesday, 1 June, will allow companies from 153 areas of activity to offer their services in the interior of China. The document, which is an extension of the Closer Economic and Trade Partnership Arrangement between China and Macau (CEPA) […]
Macau’s balance trade deficit decreases in Q1

Macau’s balance trade deficit decreases in Q1

Macau’s balance of trade deficit from January to April showed a 23.9 per cent year-on-year decrease to 19.331 billion patacas (US$2.416 million), reported the Statistics and Census Bureau. The data available on the Bureau’s website shows that the trade deficit in the same period of 2015 amounted to 25.451 billion patacas. The deficit registered in […]
Macau’s vehicle imports drop 52.1 per cent in January-April

Macau’s vehicle imports drop 52.1 per cent in January-April

Macau’s imports of motor vehicles – cars and scooters – dropped by 52.1 per cent year-on-year to 434 million patacas in the first four months of the year, the Statistics and Census Bureau (DSEC) announced on Tuesday. Imports of mobile phones fell by 54.7 per cent year-on-year to 1.6 billion patacas. Imports of gold jewellery dropped by 24.3 per […]
Macau GDP shrinks 13.3 per cent in Q1

Macau GDP shrinks 13.3 per cent in Q1

Macau’s gross domestic product (GDP) shrank by 13.3 per cent year-on-year in real terms in the first quarter, the Statistics and Census Bureau (DSEC) said in a statement on Monday. The bureau attributed the decrease in the city’s economic output mainly to “the continuous decline in exports of services and decrease in investment.” According to […]
Casino crimes rise 56 per cent in Q1

Casino crimes rise 56 per cent in Q1

Secretary for Security Wong Sio Chak said on Monday that the number of gaming-related crimes rose by 55.9 per cent year-on-year in the first quarter of the year. Wong announced the city’s crime figures for the first three months of the year during a press conference at his office in Cotai. According to Wong, gaming-related […]
Casino staff want their opinions heard over mid-term review

Casino staff want their opinions heard over mid-term review

Gaming staff have accused the government of leaving them out of the drafting of Macau’s mid-term gaming review. They also call on casino operators to take on more social responsibilities such as providing vocational training and promotion opportunities. Macau’s mid-term gaming review was finally released earlier this month. The long-waited report analyses the strengths and […]
Macau’s inflation slows to 3.02 per cent in April

Macau’s inflation slows to 3.02 per cent in April

Macau’s composite consumer price index (CPI) rose by 3.02 per cent year-on-year last month, down by 0.29 percentage points from the 3.31 per cent growth in March, the Statistics and Census Bureau (DSEC) announced on Tuesday. For the 12 months ended in April 2016, the average composite CPI rose by 4.09 per cent from the […]
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