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BNU recorded a MOP 510 million net income in 2015

BNU recorded a MOP 510 million net income in 2015

Banco National Ultramarino, S.A. (BNU) recorded a net income of MOP 510.3 million (USS63.88 million) in 2015, up 15.1 per cent from MOP 443.3 million in 2014, according to a press release issued on Tuesday by the bank. The financial results also indicate that in 2015 BNU registered a 21.6 per cent increase in credit […]
Inflation growth slows in March

Inflation growth slows in March

Macau’s composite consumer price index (CPI), a main gauge of inflation, grew 3.31 per cent in March from a year earlier, according to official data from the Statistics and Census Service (DSEC) revealed on Thursday. This is a decrease of 0.57 per centage points from the 3.88 per cent year-on-year growth recorded in February. DSEC attributed […]
Macau and Guangdong explore cross-border ecommerce platform

Macau and Guangdong explore cross-border ecommerce platform

In recent years, China’s e-commerce and online payment markets are getting mature and popular. Smartphone payments tools like Alipay and Wechat are now inseparable from public life. Yet, these markets are still at the beginning stage in Macau. An e-commerce expert from Guangdong suggested the two places to build together an online payment platform, or […]
Wynn hopes business will pick up by year-end

Wynn hopes business will pick up by year-end

Wynn Resorts Macau Executive Director Linda Chen told reporters yesterday she expects gaming industry revenue to stabilise this year and hopes that there will be a slight rebound by the end of the year. Chen made the comments at Wynn Macau where she attended the opening of a business matching session with local small- and […]
IMF says Macau economy to contract 7.2 per cent in 2016

IMF says Macau economy to contract 7.2 per cent in 2016

The International Monetary Fund (IMF) forecast Macau SAR’s economy to contract 7.2% for 2016 and to resume a positive growth of 0.7% for 2017 informed the Monetary Authority of Macau on Wednesday. The international organisation indicated that Macau SAR’s inflation to linger around 3.0% and its unemployment rate to stay at a low level of […]
Hainan wants more co-operation with Macau

Hainan wants more co-operation with Macau

Hainan and Macau have many different and complementary strengths, Liu Cigui, governor of the nation’s southernmost province, said on Monday, adding that the two sides should step up their co-operation in various spheres such as tourism. “We attach great importance to Macau and are grateful for Macau businesspeople’s long-term contribution to Hainan. Currently there are […]
Macau Airport Q1 passenger traffic rises 20%

Macau Airport Q1 passenger traffic rises 20%

Macau International Airport reported its passenger traffic rose 20% compared to a year ago to a more than 1.6 million passengers in the first quarter this year, or 18,000 passengers daily. The airport handled more than 14,000 flights (departure and arrival), a rise of 7% year-on-year. During the four-day Easter Holidays, the airport handled more […]
New Macau Economic Bureau official vows to boost ‘community-based economies’

New Macau Economic Bureau official vows to boost ‘community-based economies’

Newly-appointed Economic Services Bureau (DSE) Director Tai Kin Ip said on Tuesday his bureau would do more to boost “community-based economies” by providing support to small- and medium-sized enterprises (SMEs) and improving the business environment. Tai made the pledge after the swearing-in ceremony for his new post at the Bank of China Building in Nam […]
Macau casino’s revenue decline in Q1 ‘expected’

Macau casino’s revenue decline in Q1 ‘expected’

Secretary for Economy and Finance Lionel Leong Vai Tac said on Tuesday the 13.3 percent year-on-year decrease in the city’s casino revenue in the first quarter was what the government had expected. The Gaming and Inspection Co-ordination Bureau (DCIJ) announced on Friday that the casino sector’s gross revenue fell 13.3 percent year-on-year to 56.17 billion […]
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