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Macau International Airport received record of 5.8 million passengers in 2015

Macau International Airport received record of 5.8 million passengers in 2015

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 […]
Macau gaming revenue fell 34 per cent in 2015

Macau gaming revenue fell 34 per cent in 2015

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 […]
Macau imports fell while exports grew during November

Macau imports fell while exports grew during November

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. […]
Banker predicts possible rate hike in Macau in 2nd half of 2016

Banker predicts possible rate hike in Macau in 2nd half of 2016

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’s imported workers rise 9 percent to over 182,000

Macau’s imported workers rise 9 percent to over 182,000

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 […]
Annual inflation in Macau slows in November to 3.77 percent

Annual inflation in Macau slows in November to 3.77 percent

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 to open offices in Lisbon & Sao Paulo in Q2 or Q3

Macau Trade and Investment Promotion Institute to open offices in Lisbon & Sao Paulo in Q2 or Q3

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 to resume growth in 2017

Macau’s economy to resume growth in 2017

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 […]
Mainland-Macau trade up 23 per cent in first 10 months of 2015

Mainland-Macau trade up 23 per cent in first 10 months of 2015

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 […]
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