Trade between Macau and the city of Zhongshan in 2015 increased 13.9 percent over the previous year and reached US$230 million, the Macau Trade and Investment Promotion Institute (IPIM) said Monday. The announcement was made after a meeting in Macau between a delegation from Zhongshan headed by the vice president of the Chinese municipality Yang […]
Business
Macau’s gross gambling revenues in January dropped 21.4 percent on yearly basis to 18.67 billion patacas (about 2.33 billion U.S. dollars), according to figures released by Macao Gaming Inspection and Coordination Bureau on Monday. Gaming industry of Macau kept its downturn trend from the start of 2016, marking the 20th consecutive monthly decline, but the […]
Macau’s various industries, such as tourism, catering and logistics, will benefit from the 13th China Expo Forum for International Co-operation (CEFCO 2017) slated to be hosted in the city next year, the Macau Trade and Investment Promotion Institute (IPIM) said in a statement. During the annual forum’s opening ceremony earlier this month in Yinchuan, capital […]
The central government will keep supporting Macau to become a yuan clearing platform between China and the Portuguese-speaking bloc, Yao Jian, deputy director of the Central People’s Government Liaison Office in Macau, said on Wednesday. Yao made the remarks when addressing a seminar jointly hosted by the Bank of China Macau Branch (BOC Macau) and […]
The Secretary for Economy and Finance, Lionel Leong, was in Beijing last week to witness the signing of a memorandum of understanding (MOU) between the State Administration of Traditional Chinese Medicine (TCM) and the Guangdong-Macau Traditional Chinese Medicine Technology Industrial Park Development. The secretary said that Macau intends to use the ties forged with Lusophone […]
Housing prices dropped 22 percent last year and without anything expected to stimulate the local economy, the local office of Hong Kong estate agency Centaline Property said that it hoped the drop in property prices won’t exceed 20 percent this year. Centaline (Macau) Property Agency Director Jacky Shek Pou Tak and Senior Regional Sales Director […]
A survey conducted by the Bosco Youth Service Network (BYS) between September and December last year shows that 34.3 percent of the surveyed youths aged 14 to 21 gambled last year, down from 48 percent a year ago. The survey also reveals that 1.5 percent of local youths display symptoms of gambling disorders, a 1.5 […]
Responding to a resident’s comment that “gambling is 90 percent a scam”, newly appointed Gaming Inspection and Co-ordination Bureau (DICJ) Director Paulo Martins Chan said that the government would do its best to minimise any possible negative impact that the gaming industry may have on civil society. The director, who took up his position last […]
The Macau Gaming Enterprises Staff Association and two newly established unions submitted a joint petition to the city’s six casino operators yesterday morning, calling for a pay rise for gaming workers, Kelvin Choi Kam Fu, who heads the association, said on Tuesday afternoon. Choi made the remarks on the sidelines of a press conference at […]