Macau’s watch and diamond exports jumped last month, the Statistics and Census Bureau (DSEC) announced Thursday.
Business
The University of Macau (UM) forecast Wednesday that Macau’s economy will grow 8.3 percent this year and 7.1 percent next year.
The Macau Gaming Equipment Manufacturers Association (MGEMA), the organiser of the Macau Gaming Show, will partner with two state-owned enterprises (SOEs) – Nam Kwong Culture and Creativity Industry Co. Ltd. and China National Machinery Industry International Co. Ltd. (SINOMACHINT) – at the 6th MGS Entertainment Show in November, MGEMA Chairman Jay Chun said Monday.
Local telecom companies plan to move five of their base stations away from the city’s low-lying areas and are looking for alternative locations, Post and Telecommunications Bureau (CTT) Director Derby Lau Wai Meng said Thursday.
Telecom operator CTM opened its first data centre outside Macau in Hong Kong Thursday, with the company’s CEO Vandy Poon Fuk Hei saying that it would provide an extra back-up service, as well as enhance the security and reliability of data management for its customers.
Local casino stocks retreated Monday after Typhoon Mangkhut forced a 33-hour shutdown of the world’s biggest gambling hub, a halt that’s estimated to cost the city’s six gaming operators as much as 1.5 billion patacas in revenue.
In a hard-hitting report published Thursday, the Commission of Audit (CA) says that the estimated construction cost for the eight sections of Macau’s Light Rail Transit (LRT) system that the government has planned for the short, medium and long terms amounts to at least 50 billion patacas (US$ 6.25 billion)
Both of the new approvals of residential mortgage loans and commercial real estate loans in Macau reported a month-on-month decrease in July this year, according to statistics released by the Monetary Authority of Macau.
Total receipts of the 10 enterprises engaging in gaming activities increased by 18.7% year-on-year to MOP268.01 billion (US$ 33.5 billion), marking an end to the downward trend over three consecutive years since 2014, according to data released by the Statistics and Census Service (DSEC), today.