Energy Sector Development Office (GDSE) Director Arnaldo Santos said Monday that natural gas is now being used by a public housing estate in Coloane and the University of Macau campus in Hengqin Island and that the government is still negotiating with the city’s natural gas provider Sinosky Energy on a “reasonable” price of the commodity. […]
Business
Macau’s watch imports jumped 65 percent year-on-year to 4.28 billion patacas, the Statistics and Census Bureau (DSEC) announced Thursday. Watch imports accounted for nearly 10 percent of the total value of imports. Gold jewellery imports rose 35 percent to 5.2 billion patacas. Gold jewellery accounted for nearly 12 percent of all imports between January and […]
The number of real-estate deals and property prices dropped in June, according to stamp duty statistics released by the Finance Service Bureau (DSF) yesterday. A total of 609 units were sold in June, a 17.8 percent drop from the 741 units sold in the previous month. Some 77.5 percent of all units sold in June […]
Macau Monetary Authority (AMCM) President Anselmo Teng Lin Seng said Monday that the People’s Bank of China (PBOC) and the AMCM had agreed to sign a co-operation agreement to fight money laundering. Teng said the deal would further strengthen co-operation between the two sides to fight money laundering. Teng made the remarks to reporters after […]
Median monthly employment earnings in the gaming industry amounted to 16,000 patacas in the April-June employment survey released by the Statistics and Census Bureau (DSEC) Monday. The number of gaming industry workers rose by 5,500 in the first quarter to 80,100 in the second quarter, accounting for 20.9 percent of the city’s total employment. In […]
The International Monetary Fund (IMF) in Washington says there is evidence of a “threat of a housing bubble” in Macau and “overvaluation” in the local property market, according to a statement by the Macau Monetary Authority (AMCM) citing an IMF report Macau’s financial sector regulator issued the statement on Friday. The IMF report said that Macau […]
Macau’s composite consumer price index (CPI) rose 5.99 percent year-on-year last month, slowing down a bit from May’s 6.16 percent increase, according to data released by the Statistics and Census Bureau (DSEC) Monday. A DSEC statement attributed last month’s inflation pressure namely to higher housing rents and the higher cost of eating out. Last month […]
The Macau government Wednesday signed a framework agreement with Zhongshan city to establish the “Guangdong-Macau Co-operation Pilot Zone” in Cuiheng district, Guangdong province. The signing ceremony took place after the annual joint meeting of co-operation between Guangdong and Macau, which was held in the Four Seasons Hotel Macau in Cotai. The agreement was signed by […]
The preliminary estimate of the Macau Special Administrative Region’s foreign exchange reserves reached to 125.9 billion patacas (15.76 billion U.S. dollars) at the end of June 2014, according to the figures released on Tuesday by the Monetary Authority of Macao. The reserves for June increased by 2.6 percent over the revised value of 122.7 billion […]