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Monthly casino wages average 16,000 patacas: survey

Monthly casino wages average 16,000 patacas: survey

Median monthly employment earnings in the gaming industry amounted to 16,000 patacas in the April-June employment survey released by the Statistics and Census Bureau (DSEC) Monday. The number of gaming industry workers rose by 5,500 in the first quarter to 80,100 in the second quarter, accounting for 20.9 percent of the city’s total employment. In […]
IMF warns of ‘threat of housing bubble’ in Macau

IMF warns of ‘threat of housing bubble’ in Macau

The International Monetary Fund (IMF) in Washington says there is evidence of a “threat of a housing bubble” in Macau and “overvaluation” in the local property market, according to a statement by the Macau Monetary Authority (AMCM) citing an IMF report Macau’s financial sector regulator issued the statement on Friday. The IMF report said that Macau […]
Inflation slows to 5.99 pct in June

Inflation slows to 5.99 pct in June

Macau’s composite consumer price index (CPI) rose 5.99 percent year-on-year last month, slowing down a bit from May’s 6.16 percent increase, according to data released by the Statistics and Census Bureau (DSEC) Monday. A DSEC statement attributed last month’s inflation pressure namely to higher housing rents and the higher cost of eating out. Last month […]
Macau and Zhongshan to establish ‘co-operation pilot zone’

Macau and Zhongshan to establish ‘co-operation pilot zone’

The Macau government Wednesday signed a framework agreement with Zhongshan city to establish the “Guangdong-Macau Co-operation Pilot Zone” in Cuiheng district, Guangdong province. The signing ceremony took place after the annual joint meeting of co-operation between Guangdong and Macau, which was held in the Four Seasons Hotel Macau in Cotai. The agreement was signed by […]
Macau’s forex reserves reach $15.76 bln in June

Macau’s forex reserves reach $15.76 bln in June

The preliminary estimate of the Macau Special Administrative Region’s foreign exchange reserves reached to 125.9 billion patacas (15.76 billion U.S. dollars) at the end of June 2014, according to the figures released on Tuesday by the Monetary Authority of Macao. The reserves for June increased by 2.6 percent over the revised value of 122.7 billion […]
Govt vows to study tobacco tax hike

Govt vows to study tobacco tax hike

Health Bureau (SSM) Director Lei Chin Ion said Monday that his bureau would discuss with the Economic Services Bureau (DSE) a possible increase in the tobacco tax. Lei made the remarks during the legislature’s question-and-answer session in which lawmakers raised a range of hot-button issues. Lawmakers said that more and more of the city’s teenagers […]
Govt vows to improve platform role

Govt vows to improve platform role

Secretary for Economy and Finance Francis Tam Pak Yuen said yesterday that the government would further improve the city’s rose as a business service platform between China and Portuguese-speaking countries by setting up three strategic centres – a centre for commercial services for small-and medium-sized enterprises (SMEs), a convention and exhibition centre and a centre […]
Imported workers make up nearly 40 pct of workforce

Imported workers make up nearly 40 pct of workforce

Macau’s number of imported workers (commonly known as blue-card holders) reached a record 159,299 at the end of May, 33,699 more than a year earlier, the Human Resources Office (GRH) announced Tuesday. Month-on-month, the number of non-resident workers rose by 3,091. The total number included 20,591 domestic helpers, 48.4 percent of them from the Philippines. […]
Hospitals log 51,000 in-patients in 2013

Hospitals log 51,000 in-patients in 2013

Macau’s four hospital with a total of 1,366 beds recorded 51,000 in-patients last year, an increase of 4.8 percent from 2012, the Statistics and census Bureau (DSEC) has announced. In-patients aged 65 and over accounted for 21.5 percent of the total number of patients. In 2012, residents aged 65 and over accounted for 7.7 percent […]
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