Menu
Subscribe
Menu
Subscribe
Menu

Business

Macau police nab 17 for 350 million patacas card fraud

Macau police nab 17 for 350 million patacas card fraud

Police have arrested 17 men and women on suspicion of credit card fraud involving the equivalent of 350 million patacas, a Judiciary Police (PJ) spokesperson said during a special press briefing on Tuesday. The spokesperson said the police recently received a tip-off that several jewellery shops and electronics shops in ZAPE were using POS (point […]
Macau app hacks bank account to steal money

Macau app hacks bank account to steal money

A Judiciary Police (PJ) spokesperson said on Monday a man lost over 6,000 yuan to a suspicious app after it had gained access to his bank account through his phone. The spokesperson told a regular Monday’s press briefing the victim told the police that after connecting to a local WiFi network in a public place […]
Real estate market of Macau rebounds in Q2

Real estate market of Macau rebounds in Q2

The number and value or real-estate transactions rebounded in the second quarter after three consecutive quarters of decline, the Statistics and Census Bureau (DSEC) announced on Monday. In the second quarter, 3,038 building units and parking spaces were bought and sold at 18.03 billion patacas as per stamp duty records, up by 63.7 percent and […]
Yuan devalution could negatively impact mass gaming market in Macau

Yuan devalution could negatively impact mass gaming market in Macau

Macau’s mass gaming market could be negatively impacted by China’s devaluation of the yuan, according to Union Gaming Research analyst Grant Govertsen. “Based on the current two-percent decline in value of the renminbi, we would expect the mass market story to be negatively impacted by up to two percent over the coming weeks or months,” […]
Macau new mortgage loans increase in June

Macau new mortgage loans increase in June

The latest statistics from the Monetary Authority of Macao indicate that new approvals of both residential mortgage loans (RMLs) and commercial real estate loans (CRELs) have increased in June. The total outstanding balance on the loans also witnessed an increase. June recorded MOP3.9 billion worth of new residential mortgage loans being approved by Macau banks, […]
Austerity measures averted in Macau for now

Austerity measures averted in Macau for now

Considering that the city’s average monthly gross gaming revenue continues to exceed the 20 billion patacas threshold stipulated by the 2015 Budget Amendment Law, there is no need for the implementation of austerity measures for the time being, Secretary for Economy and Finance Lionel Leong Vai Tac said in a written statement released by his […]
Macau gold jewellery imports drop 1/3 in H1

Macau gold jewellery imports drop 1/3 in H1

Macau’s gold jewellery imports dropped 32.2 percent year-on-year to 3.4 billion patacas in the first half of the year, the Statistics and Census Bureau (DSEC) has announced. Imports of watches fell 11.8 percent to 3.4 billion patacas, while those of handbags and wallets dropped 18.3 percent to 1.5 billion patacas. Construction materials imports decreased 10.4 […]
Austerity measures possible, public finances stable

Austerity measures possible, public finances stable

Chief Executive Fernando Chui Sai On said on Tuesday that if, as predicted, this month’s gross gaming revenue drops to about 18 billion patacas the government would implement certain austerity measures, a possible move announced by Secretary for Economy and Finance Lionel Leong Vai Tac earlier this month. Chui, who made the remarks on the […]
«‹ 275 276 277 278›»