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Macau’s imported workers rise 9 percent to over 182,000

Macau’s imported workers rise 9 percent to over 182,000

Macau had 182,246 non-resident workers at the end of last month, up 9 percent year-on-year, the government’s Human Resources Office (GRH) announced this week. Some 70.1 percent of the workers were imported from the mainland (116,941), Hong Kong (9,144) and Taiwan (1,636). Other major segments came from a number of foreign countries, namely the Philippines […]
Annual inflation in Macau slows in November to 3.77 percent

Annual inflation in Macau slows in November to 3.77 percent

Prices in Macau registered annual growth of 3.77 percent in November, due to the increase in housing rental and charges for meals bought outside the home, reported the Statistics and Census Bureau. The Bureau also said the annual change in prices in November was significantly lower than that recorded a month earlier, in October, when […]
Macau Trade and Investment Promotion Institute to open offices in Lisbon & Sao Paulo in Q2 or Q3

Macau Trade and Investment Promotion Institute to open offices in Lisbon & Sao Paulo in Q2 or Q3

Macau Trade and Investment Promotion Institute (IPIM) Executive Director Gloria Batalha Ung said that in order to provide better assistance to local enterprises, small- and medium-sized enterprises (SMEs) in particular, to develop their business ties with the Portuguese-speaking countries, the institute planned to set up representative offices in Lisbon and Sao Paulo. Ung also said […]
Macau’s economy to resume growth in 2017

Macau’s economy to resume growth in 2017

Macau’s economy will resume growth in 2017, at a rate of 4.6 percent, after ending 2015 with a contraction of 23.0 percent and continuing in negative territory in 2016, with -2.7 percent, according with the most recent forecasts from the Economist Intelligence Unit (EIU). Gross fixed capital formation, or investment, which in 2014 recorded exceptional […]
Mainland-Macau trade up 23 per cent in first 10 months of 2015

Mainland-Macau trade up 23 per cent in first 10 months of 2015

According to figures from the Ministry of Commerce, trade between mainland China and Macau has increased by 32 percent year on year to reach USD3.95 billion for the first ten months of 2015. The mainland’s exports to Macau rose by 34.6 percent year on year to USD3.79 billion during the January–October period. Macau’s exports to […]
Macau casinos don’t use Alipay said Leong Vai Tac

Macau casinos don’t use Alipay said Leong Vai Tac

Secretary for Economy and Finance Lionel Leong Vai Tac said that no casinos are using Alipay, a third-party on-line payment platform affiliated to Alibaba Group. The policy secretary also said the government would ensure that all transactions through Alipay be dealt with in line with official regulations. Leong made the remarks on the sidelines of […]
Macau and Taiwan sign airline double taxation deal

Macau and Taiwan sign airline double taxation deal

The local and Taiwan governments signed an agreement on Thursday to grant airline companies from either region a reciprocal tax exemption. Representatives from the two regions signed the double taxation avoidance agreement at the Macau Art Museum (MAM) in Nape. Speaking to reporters after the signing ceremony, Mainland Affairs Council (MAC) Department of Hong Kong […]
Construction budget for Macau Pac On Terminal on leash

Construction budget for Macau Pac On Terminal on leash

The construction budget for the new Pac On Terminal in Taipa is to be controlled at below MOP3.8 billion, the head of the Infrastructure Development Office, Chau Vai Man told the Assembly. This updated price tag quoted by the Office has ballooned compared to the total construction of MOP 3.28 billion estimated in 2014. Chau […]
Macau Canidrome Chief vet reveals importing of dogs in “death trade”

Macau Canidrome Chief vet reveals importing of dogs in “death trade”

A covertly recorded interview with the chief vet of the Canidrome has revealed how Australian greyhounds are being sourced and imported to Macau, in what ABC has termed a “death trade” in the latest of a series of investigations aired through the broadcaster’s news program entitled “The 7:30 Report”. After being deemed uncompetitive on Australia’s […]
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