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Macau, mainland further liberalise trade in services

Macau, mainland further liberalise trade in services

Macau and the central government Thursday signed an agreement on the almost complete liberalisation of trade in services between Macau and Guangdong province. Both sides inked the deal within the framework of the Mainland and Macau Closer Economic Partnership Arrangement (CEPA) set up in 2003. Thursday’s pact was signed by Secretary for Economy and Finance […]
EIU forecasts Macau’s economy to shrink 4.0 pct in 2015

EIU forecasts Macau’s economy to shrink 4.0 pct in 2015

The Macau economy is expected to contract by 4.0 percent in 2015 and return to positive growth in 2016 with a rate of 8.0 percent, after ending 2014 with growth of just 0.7 percent, according to forecasts from the Economist Intelligence Unit (EIU). The EIU analysts explain this year’s low economic growth and the fall […]
Mobile phone imports rise 55 pct in October

Mobile phone imports rise 55 pct in October

Macau’s imports of mobile phones leapt 55 percent year-on-year to 1.03 billion patacas in October, the Statistics and Census Bureau (DSEC) announced Monday. Mobile phone imports in the first 10 months increased 16 percent to 5.39 billion patacas. Gold jewellery imports dropped five percent to 779 million patacas in October. Imports of gold jewellery rose […]
GDP dips 2.1 pct in Q3 – first drop in 5 years

GDP dips 2.1 pct in Q3 – first drop in 5 years

Macau’s gross domestic product decreased by 2.1 percent year-on-year in real terms in the third quarter, the first negative quarterly growth in five years, the Statistics and Census Bureau (DSEC) has announced. According to a DSEC statement, the economic downturn in the third quarter “was triggered by a substantial decline in exports of services, of […]
Inflation hits 6.18 pct

Inflation hits 6.18 pct

Macau’s composite consumer price index (CPI) rose 6.81 percent year-on-year last month, the Statistics and Census Bureau (DSEC) said Wednesday. A DSEC statement attributed the hefty rise to rising housing rents and the higher cost of eating out. Last month saw “notable increases” in the price indices of housing and fuels (+12.47 percent) and food […]
Macau’s trade deficit totals US$7.2 billion from January to September

Macau’s trade deficit totals US$7.2 billion from January to September

Macau posted a trade deficit of 57 890 billion patacas (US$7.2 billion) from January to September, which was a year on year increase of 12 percent, the region’s Statistics and Census Bureau reported. In the first nine months of the year, Macau exported goods worth 7.29 billion patacas, up 8 percent from the same period […]
Developer expects property prices to remain ‘stable’ for 2 years

Developer expects property prices to remain ‘stable’ for 2 years

Local developer Liu Chak Wan, whose company paid about 1.42 billion patacas for two adjacent plots of land in Fai Chi Kei, said yesterday he expected the city’s property prices to remain “stable” for the next two years after which they would increase again. Liu, a member of the government’s top advisory Executive Council (ExCo), […]
Over 130 co-operation deals signed at MIF

Over 130 co-operation deals signed at MIF

Trade visitors from more than 50 countries and regions joined the 19th Macau International Trade and Investment Fair (MIF) during which the organiser assisted in about 1,500 business-matching sessions and the signing of more than 130 co-operation agreements over the four-day fair that ended Sunday. According to a statement from the fair’s organiser Macau Trade […]
Govt expects 4,500 participants to attend 19th MIF

Govt expects 4,500 participants to attend 19th MIF

About 4,500 exhibitors and trade visitors from Macau, the mainland, Hong Kong, Taiwan and several dozen foreign countries have registered to participate in the four-day 19th Macau International Trade and Investment Fair (MIF), which will kick off tomorrow, Irene Va Kuan Lau, co-ordinator of the organising committee of the fair, said Tuesday. Lau made the […]
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