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Macau telecom operator makes 1.1 billion patacas profit last year

Macau telecom operator makes 1.1 billion patacas profit last year

Local telecom operator CTM made 1.154 billion patacas in profit last year from its mobile, Internet and business solutions services, said the company’s CEO Vandy Poon Fuk Hei . Last year’s profit was up 3.8 percent from the 1.112 billion patacas profit in 2014. According to Poon, with the support of major shareholder CITIC Telecom […]
Consumer prices in Macau up to 3.9 per cent

Consumer prices in Macau up to 3.9 per cent

Inflation increased slightly last month, thanks to higher prices for restaurant meals and fresh food during the Lunar New Year period. According to data released on Monday, consumer prices increased by almost 3.9 per cent year-on-year in February, slightly higher than in January. In fact, it was the smallest Lunar New Year increase in five […]
Trade between Macau and Taiwan increases in 2015

Trade between Macau and Taiwan increases in 2015

The President of the Macau Trade and Investment Promotion Institute (IPIM) said in Taipei that trade between Macau and Taiwan reached US$181 million in 2015, representing an increase of 1.3 percent over the previous year. Jackson Chang also recalled, at a seminar on the exchange between companies from Macau and Taiwan, that commercial flights between […]
Macau casino billionaire plans Avatar-like theme park for Galaxy

Macau casino billionaire plans Avatar-like theme park for Galaxy

The Galaxy Entertainment Group Ltd. chairman Lui Che-Woo said that the next two phases of the HK$86 billion ($11 billion) Galaxy Macau project will include “something special and high-tech” similar to the movie “Avatar.” Compared with larger theme parks such as Walt Disney Co.’s $5.5 billion Shanghai park that’s due to open in June, “our […]
Gaming jobs in Macau fall 2.7 percent

Gaming jobs in Macau fall 2.7 percent

The gaming sector had 56,217 full-time employees at the end of last year, down by 2.7 percent year-on-year, said the Statistics and Census Bureau (DSEC). The number of croupiers (dealers) fell by 4.4 percent to 24,619, Croupiers accounted for 43.8 percent of all gaming sector employees. The sector employed 14 percent of Macau’s total labour […]
Macau’s trade deficit improves by 21 percent in January

Macau’s trade deficit improves by 21 percent in January

Macau’s balance of trade deficit recorded a 21 percent improvement in January due to a contraction of 1.579 billion patacas in goods imports, reported the region’s Statistics and Census Bureau. In January Macau imported goods worth 6.956 billion patacas, against 9.493 billion patacas a year earlier, which together with an increase 1.5 percent in exports […]
Macau’s gambling revenue growth best in 20 months

Macau’s gambling revenue growth best in 20 months

Macau on Tuesday (Mar 1) posted its best monthly gambling revenue performance since October last year and the smallest drop in growth in 20 months as an increase in Lunar New Year tourists boosted the world’s largest casino hub. Macau’s economy, which relies on the casino industry for over 80 per cent of government revenues, […]
MICE statistics of Macau shown increase of events in Q4

MICE statistics of Macau shown increase of events in Q4

According to a Statistics and Census Service (DSEC) report, a total of 239 MICE events were held during the fourth quarter of 2015. This is an increase of six year-on-year. In the same period, the number of meetings and conferences increased by 13, while that of exhibitions decreased by seven. The total number of participants […]
Macau wants to attract more conventions and exhibitions from the Asia-Pacific region

Macau wants to attract more conventions and exhibitions from the Asia-Pacific region

The Macau Trade and Investment Promotion Institute (IPIM) attended the “Asia-Pacific Incentives and Meetings Expo 2016″ (AIME 2016) which ended Wednesday in Melbourne, Australia, in order to attract more conventions and exhibitions from the Asia-Pacific region to Macau. The mission organised by IPIM, which since January has been responsible for coordination and external promotion of […]
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