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Macau’s imports dropped by 21.1 per cent in H1

Macau’s imports dropped by 21.1 per cent in H1

Macau’s imports of cars and motorcycles shrank by 56.7 per cent to MOP593 million in the first half of the year, the Statistics and Census Bureau (DSEC) has announced. Imports of watches dropped by 41.6 per cent year-on-year to MOP1.95 billion in the first half of the year. Mobile phone imports decreased by 47.6 per […]
Sands hopes to get more gaming tables for Parisian in Macau

Sands hopes to get more gaming tables for Parisian in Macau

Sands China President Wilfred Wong Ying Wai said Tuesday he hopes the government will give the company more gaming tables for The Parisian resort considering how much it has invested in the non-gaming elements there. Wong made the comments while speaking to reporters after announcing at the half-scale replica of the Eiffel Tower in Cotai that The […]
IPIM to organize Franchise Expo and Guangdong Products Fair this weekend in Macau

IPIM to organize Franchise Expo and Guangdong Products Fair this weekend in Macau

Macau Trade and Investment Promotion Institute (IPIM) Executive Director Irene Lau On Monday, Kuan Va said the joint budget for this week’s 2016 Macau Franchise Expo (MFE) and 2016 Guangdong & Macau Branded Products Fair (GMBPF) will be about 16 million patacas. Lau made the remarks during a press conference about the two fairs. The […]
Macau’s June annual inflation continues to slow

Macau’s June annual inflation continues to slow

Annual inflation in Macau in June continued to slow down, posting an increase of 2.26 per cent year on year, or a decrease of 0.38 percentage points compared to May, reported the city’s Statistics and Census Bureau. Growth in June was mainly due mainly to rising car park rates as well as the prices of […]
Macau and China add protocol to the agreement to avoid double taxation

Macau and China add protocol to the agreement to avoid double taxation

The Macau Special Administrative Region (MSAR) and China’s State Administration of Taxation in Beijing signed an additional protocol to the agreement to avoid double taxation and prevent tax evasion, officials said in Macau. The Additional Protocol, the third, according to the statement released by the Office of the Secretary for Economy and Finance includes reducing […]
VIP baccarat is the main source of revenue from Macau’s casinos in 1st half

VIP baccarat is the main source of revenue from Macau’s casinos in 1st half

VIP baccarat remained the main source of gross revenue from Macau casinos in the first half of 2016, according to data released Monday by the Gaming Inspection and Coordination Bureau. Gross revenue from Macau casinos amounted to MOP 107.787 billion (US$13.473 billion), and revenues from VIP baccarat totalled MOP 56.980 billion (US$7.1225 billion), accounting for […]
JLL says Macau property prices ‘already’ hit bottom

JLL says Macau property prices ‘already’ hit bottom

Property prices have “already” hit rock bottom but there won’t be a sharp rebound unless the city’s infrastructure and the economy are improved, Jones Lang LaSalle (JLL) Macau’s residential property chief Jeff Wong Chi Wai said on Thursday. Wong made the comments during a media briefing at his office about the global real estate services firm’s Macau […]
Diversifying Macau’s economy with different types of slot machines

Diversifying Macau’s economy with different types of slot machines

The Director of the Gaming Inspection and Coordination Bureau (DICJ), Paulo Martins Chan, stated his belief that if Macau wants to diversify its economy and achieve sustainable development, the gaming industry must undergo a period of structural adjustment, according to a statement released by the DICJ. In achieving economic diversification, Chan suggested that casinos could […]
Macau Legend Development announces investments in Setubal, Portugal

Macau Legend Development announces investments in Setubal, Portugal

Macau Legend Development signed a memorandum of understanding with the Portuguese municipality of Setúbal, which could reach 150 million euros in the first phase, Macau’s press reported on Thursday. The first phase, due to start in the first few months of 2017, includes the construction of a hotel, a block with 60 apartments, a marina […]
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