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Macau’s jobless rate stays at 1.7 percent

Macau’s jobless rate stays at 1.7 percent

The city’s officially estimated unemployment rate remained unchanged at 1.7 percent in the November 2014 to January 2015 survey period compared to the October-December 2013 period, the Statistics and Census Bureau (DSEC) announced on Tuesday. Macau’s total labour force reached 404,500 in the latest survey period. Total employment was 397,800, while 6,700 people were unemployed. […]
Macau’s gold jewellery imports fall 56 percent

Macau’s gold jewellery imports fall 56 percent

Macau’s imports of gold jewellery in January fell 56.5 percent year-on-year to 641 million patacas, the Statistics and Census Bureau (DSEC) announced on Tuesday. Imports of handbags and wallets dropped 35.3 percent to 265 million patacas. Imports of watches dropped six percent to 665 million patacas. Gold jewellery, handbags and watches are popular with shoppers […]
Macau’s retail sales rise mere 1 pct in 2014

Macau’s retail sales rise mere 1 pct in 2014

Macau’s retail sales rose a mere one percent year-on-year to 67.6 billion patacas last year, the Statistics and Census Bureau (DSEC) has announced. Sales of watches and jewellery accounted for 27 percent of the total. In the fourth quarter of last year, retail sales reached 17 billion patacas, up eight percent from the previous quarter, […]
Macau Property prices ‘too high’ but no immediate action to be taken

Macau Property prices ‘too high’ but no immediate action to be taken

Macau Chief Executive Fernando Chui Sai On has acknowledged that the city’s property prices are “too high” but he ruled out launching immediate measures to tackle the problem. Chui made the remarks on the sidelines of a reception hosted by the Women’s General Association of Macau (commonly known as Fu Luen) on Friday to mark […]
Macau’s economy likely to shrink in first quarter of 2015

Macau’s economy likely to shrink in first quarter of 2015

Lionel Leong says Macau’s economy is likely to decline in the first quarter of 2015 if gaming revenues continue to drop. The Secretary for Economy and Finance also says the government is taking note of the steep decrease in casino revenues reported during the Chinese New Year week. Gaming revenue is estimated to have plunged […]
Macau reacts coolly to HK tripartite platform idea

Macau reacts coolly to HK tripartite platform idea

Secretary for Economy and Finance Lionel Leong Vai Tac has reacted coolly to his Hong Kong counterpart’s proposal to set up a tripartite platform involving Hong Kong, Macau and the mainland. Responding to Hong Kong Financial Secretary John Tsang Chun-wah’s suggestion on Wednesday that Hong Kong, Macau and the mainland should form a new economic […]
Macau residential property prices rise 22 pct in 2014

Macau residential property prices rise 22 pct in 2014

The average price of residential units rose 22 percent year-on-year to 99,795 patacas per square metre of usable area last year, the Statistics and Census Bureau (DSEC) announced last Tuesday. The average price per square metre of residential units in the Macau Peninsula (95,576 patacas), Taipa (106,316) and Coloane (122,697) rose 19.8 percent, 29.6 percent […]
Macau airport shows 3 pct growth in January 2015

Macau airport shows 3 pct growth in January 2015

The International Airport of Macau handled 430,000 passengers in the month of January, up 3% year-on-year, according to figures released by the operator on Friday. There was also an overall 6% increase in flights in January taking the total number to over 4,700. The statement from CAM pointed to the greatest growth taking place on […]
Ricacorp expects up to 10 pct rise in residential prices

Ricacorp expects up to 10 pct rise in residential prices

Hong Kong-based property agency Ricacorp (Macau) Properties Limited Wednesday forecasted that the average price of residential property in Macau will rise eight to 10 percent this year. Jane Liu Zee Ka, managing director of the local branch, made the forecast during a press conference at the company in Nam Van district. Representatives of the company […]
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