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Budget for Melco Studio City film to hit US$70 mln

Budget for Melco Studio City film to hit US$70 mln

The budget for Melco Crown International’s film to advertise its new Studio City resort complex on Cotai, in Macau,is totals US$70 million, with the three Hollywood actors involved each earning US$13 million, the New York Post reported, citing sources. The short film, which will be launched to coincide with the casino opening, was directed by […]
Gold jewellery imports drop 44 pct in July

Gold jewellery imports drop 44 pct in July

Macau’s gold jewellery imports fell 44 percent year-on-year to 651 million patacas in July, the Statistics and Census Bureau (DSEC) announced Thursday. The import of mobile phones dropped 17 percent to 376 million patacas, while the import of handbags and wallets fell 11 percent to 259 million patacas last month. However, watch imports rose 10 […]
Jobless rate remains at 1.7 pct in May-July

Jobless rate remains at 1.7 pct in May-July

Macau’s officially estimated unemployment rate for May-July stood at 1.7 percent, the Statistics and Census Bureau (DSEC) said in a statement Wednesday. The statement pointed out that rate has remained at 1.7 percent since November last year. The city’s total labour force stood at 393,600 in the May-July survey period. The number of employed rose […]
Rents push up inflation to 5.92 pct in July

Rents push up inflation to 5.92 pct in July

Skyrocketing residential rents and the rising cost of eating out further pushed up the city’s composite consumer price index (CPI), which rose 5.92 percent year-on-year last month, according to figures released by the Statistics and Census Bureau (DSEC) Wednesday. A DSEC statement said “notable increases” affected the price indices of housing and fuels (+11.45 percent), […]
Price of pre-sale units leaps 48 pct in Q2

Price of pre-sale units leaps 48 pct in Q2

The average of price of pre-sale residential units increased 48 percent quarter-to-quarter to 185,886 patacas per square metre in the second quarter, the Statistics and Census Bureau (DSEC) announced Monday. The average price of pre-sale residential units in the Macau peninsula and Taipa increased 52 percent and 38 percent respectively. The average price of all […]
Monetary chief says govt ‘can invest daringly’

Monetary chief says govt ‘can invest daringly’

Monetary Authority of Macau (AMCM) President Anselmo Teng Lin Seng told lawmakers Tuesday that the government “can invest daringly”, provided that it is aware of the risks involved. Teng made the remark during a Q&A session when responding to an interpellation by lawmaker Si Ka Lon on the transparency of the government’s financial investment strategies. […]
Govt says still discussing price with natural gas provider

Govt says still discussing price with natural gas provider

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. […]
Watch imports leap 65 pct in 1st half

Watch imports leap 65 pct in 1st half

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 […]
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