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Casino revenue in Macau drops 16.3 pct in March

Casino revenue in Macau drops 16.3 pct in March

Macau’s casino revenue fell more than analysts’ predictions last month as mainland gamblers vanished after February’s week-long Chinese New Year holiday. Gross gaming revenue (GGR) decreased 16.3 percent year-on-year to 17.98 billion patacas, the Gaming Inspection and Co-ordination Bureau (DICJ) announced on Friday, marking 22 consecutive months of declines. That compares with the median forecasts […]
Mainland-Macau trade down in Jan-Feb

Mainland-Macau trade down in Jan-Feb

Trade between the Chinese mainland and Macau totalled 460 million U.S. dollars in the first two months of this year, down 32 percent year on year, according to data from the Ministry of Commerce (MOC). Mainland exports to Macau stood at 440 million U.S. dollars, decreasing by 31.2 percent year on year. Imports from the […]
Macau mobile phone imports fell 50 per cent in Jan-Feb

Macau mobile phone imports fell 50 per cent in Jan-Feb

Macau’s imports of mobile phones fell by 50.2 per cent year-on-year to 1.009 billion patacas in the first two months, the Statistics and Census Bureau (DSEC) announced on Thursday. Imports of watches dropped by 36.4 per cent to 758 million patacas. Gold jewellery imports declined by 19.7 per cent to 1.07 billion patacas. Imports of […]
PSC product centre in Macau to boost business opportunities

PSC product centre in Macau to boost business opportunities

Macau’s newly opened Portuguese-speaking Countries Food Exhibition Centre, where over 700 kinds of products are on display, will help companies explore business opportunities, Macau Trade and Investment Promotion Institute (IPIM) President Jackson Chang Chou Weng said on Thursday. Addressing the opening ceremony of the centre in the so-called Glass House in Praça do Tap Seac, […]
Macau power utility CEM made 662 million patacas profit in 2015

Macau power utility CEM made 662 million patacas profit in 2015

Power utility CEM announced on Thursday a net profit of 662 million patacas, up 8.8 per cent year-on-year. The announcement came after the company’s annual general meeting. According to a CEM statement, the city’s power consumption increased by 6.2 per cent to hit a record high of 4,966 GWh last year. Peak Demand rose by […]
Air Macau profits fell 70 per cent in 2015

Air Macau profits fell 70 per cent in 2015

Air Macau ended 2015 with net profits of 31 million yuan (38.3 million patacas at current exchange rates), representing a decrease of 70.58 per cent compared to the 106 million recorded in the previous year, according to the local daily Tribuna de Macau. The data is contained in the annual report released on Wednesday by […]
Macau is expected to return to economic growth in 2017

Macau is expected to return to economic growth in 2017

Macau should return to economic growth in 2017, the year in which, according to experts from the Economist Intelligence Unit (EIU) there will be a return to positive values ​​with a real rate of 4.6 percent, according to the latest report on the territory. This positive growth rate occurs after three consecutive years of negative […]
Macau telecom operator makes 1.1 billion patacas profit last year

Macau telecom operator makes 1.1 billion patacas profit last year

Local telecom operator CTM made 1.154 billion patacas in profit last year from its mobile, Internet and business solutions services, said the company’s CEO Vandy Poon Fuk Hei . Last year’s profit was up 3.8 percent from the 1.112 billion patacas profit in 2014. According to Poon, with the support of major shareholder CITIC Telecom […]
Consumer prices in Macau up to 3.9 per cent

Consumer prices in Macau up to 3.9 per cent

Inflation increased slightly last month, thanks to higher prices for restaurant meals and fresh food during the Lunar New Year period. According to data released on Monday, consumer prices increased by almost 3.9 per cent year-on-year in February, slightly higher than in January. In fact, it was the smallest Lunar New Year increase in five […]
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