Driven by the tourism market of Southeast and North Asia, Macau International Airport (MIA) achieved record-breaking passenger volume in 2015. During the year, MIA passenger count surpassed 5.8 million, representing an annual increase of 6.4 per cent, which is a new record for MIA. Meanwhile, the aircraft movement reached over 55,000 and recorded a 6 […]
Business
Macau’s gambling revenue ended 2015 with a whimper, falling for a second straight year as China’s corruption crackdown continued to keep high rollers from the Asian gaming hub. Revenue slid 34.3 per cent to a five-year low of 230.84 billion patacas ($28.92 billion), according to numbers released by Macau’s Gaming Inspection and Coordination Bureau. Gaming […]
Information from the Statistics and Census Service indicated that total imports of goods for November 2015 fell 17.4 percent year-on-year, while total exports of goods are up 6 percent for the same period. Excluding the import and export of services, the goods trade deficit widened to MOP68.02 billion for the first eleven months of 2015. […]
Luso International Banking Assistant General Manager Chan Wai Shing said on Tuesday that he believed local lenders’ earliest interest rate hike would possibly happen in the latter half of next year. Chan made the remarks on the sidelines of the launching ceremony for the bank’s three-currency Unionpay credit card at the Macau Tower, involving the […]
Macau had 182,246 non-resident workers at the end of last month, up 9 percent year-on-year, the government’s Human Resources Office (GRH) announced this week. Some 70.1 percent of the workers were imported from the mainland (116,941), Hong Kong (9,144) and Taiwan (1,636). Other major segments came from a number of foreign countries, namely the Philippines […]
Prices in Macau registered annual growth of 3.77 percent in November, due to the increase in housing rental and charges for meals bought outside the home, reported the Statistics and Census Bureau. The Bureau also said the annual change in prices in November was significantly lower than that recorded a month earlier, in October, when […]
Macau Trade and Investment Promotion Institute (IPIM) Executive Director Gloria Batalha Ung said that in order to provide better assistance to local enterprises, small- and medium-sized enterprises (SMEs) in particular, to develop their business ties with the Portuguese-speaking countries, the institute planned to set up representative offices in Lisbon and Sao Paulo. Ung also said […]
Macau’s economy will resume growth in 2017, at a rate of 4.6 percent, after ending 2015 with a contraction of 23.0 percent and continuing in negative territory in 2016, with -2.7 percent, according with the most recent forecasts from the Economist Intelligence Unit (EIU). Gross fixed capital formation, or investment, which in 2014 recorded exceptional […]
According to figures from the Ministry of Commerce, trade between mainland China and Macau has increased by 32 percent year on year to reach USD3.95 billion for the first ten months of 2015. The mainland’s exports to Macau rose by 34.6 percent year on year to USD3.79 billion during the January–October period. Macau’s exports to […]