Macau Chief Executive Fernando Chui Sai On has acknowledged that the city’s property prices are “too high” but he ruled out launching immediate measures to tackle the problem. Chui made the remarks on the sidelines of a reception hosted by the Women’s General Association of Macau (commonly known as Fu Luen) on Friday to mark […]
Business
Lionel Leong says Macau’s economy is likely to decline in the first quarter of 2015 if gaming revenues continue to drop. The Secretary for Economy and Finance also says the government is taking note of the steep decrease in casino revenues reported during the Chinese New Year week. Gaming revenue is estimated to have plunged […]
Secretary for Economy and Finance Lionel Leong Vai Tac has reacted coolly to his Hong Kong counterpart’s proposal to set up a tripartite platform involving Hong Kong, Macau and the mainland. Responding to Hong Kong Financial Secretary John Tsang Chun-wah’s suggestion on Wednesday that Hong Kong, Macau and the mainland should form a new economic […]
The average price of residential units rose 22 percent year-on-year to 99,795 patacas per square metre of usable area last year, the Statistics and Census Bureau (DSEC) announced last Tuesday. The average price per square metre of residential units in the Macau Peninsula (95,576 patacas), Taipa (106,316) and Coloane (122,697) rose 19.8 percent, 29.6 percent […]
The International Airport of Macau handled 430,000 passengers in the month of January, up 3% year-on-year, according to figures released by the operator on Friday. There was also an overall 6% increase in flights in January taking the total number to over 4,700. The statement from CAM pointed to the greatest growth taking place on […]
Hong Kong-based property agency Ricacorp (Macau) Properties Limited Wednesday forecasted that the average price of residential property in Macau will rise eight to 10 percent this year. Jane Liu Zee Ka, managing director of the local branch, made the forecast during a press conference at the company in Nam Van district. Representatives of the company […]
Macau’s number of licensed motor vehicles reached 240,107 at the end of last year, up 5.3 percent from a year earlier, the Statistics and Census Bureau (DSEC) announced Monday. Scooters and motorcycles accounted for 52 percent of the total number of motor vehicles. The number of new registrations of motor vehicles rose 6.4 percent year-on-year […]
Macau’s airport handled 5.48 million passengers last year, up nine percent from 2013. The figure was released on the sidelines of a Spring Festival dinner hosted by Macau International Airport Company (CAM) on Friday. The number of aircraft movements (takeoffs and touchdowns) rose 7.4 percent to 52,000. The figure included 2,791 business jet movements, up […]
Macau’s gold jewellery imports rose six percent year-on-year to 10.2 billion patacas last year, the Statistics and Census Bureau (DSEC) announced on Friday. Gold jewellery, the city’s second import item after food and beverages combined, accounted for 11.4 percent of the total value of imports last year. Watch imports rose 22.2 percent to 7.9 billion […]