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Mobile phone imports rise 55 pct in October

Mobile phone imports rise 55 pct in October

Macau’s imports of mobile phones leapt 55 percent year-on-year to 1.03 billion patacas in October, the Statistics and Census Bureau (DSEC) announced Monday. Mobile phone imports in the first 10 months increased 16 percent to 5.39 billion patacas. Gold jewellery imports dropped five percent to 779 million patacas in October. Imports of gold jewellery rose […]
GDP dips 2.1 pct in Q3 – first drop in 5 years

GDP dips 2.1 pct in Q3 – first drop in 5 years

Macau’s gross domestic product decreased by 2.1 percent year-on-year in real terms in the third quarter, the first negative quarterly growth in five years, the Statistics and Census Bureau (DSEC) has announced. According to a DSEC statement, the economic downturn in the third quarter “was triggered by a substantial decline in exports of services, of […]
Inflation hits 6.18 pct

Inflation hits 6.18 pct

Macau’s composite consumer price index (CPI) rose 6.81 percent year-on-year last month, the Statistics and Census Bureau (DSEC) said Wednesday. A DSEC statement attributed the hefty rise to rising housing rents and the higher cost of eating out. Last month saw “notable increases” in the price indices of housing and fuels (+12.47 percent) and food […]
Macau’s trade deficit totals US$7.2 billion from January to September

Macau’s trade deficit totals US$7.2 billion from January to September

Macau posted a trade deficit of 57 890 billion patacas (US$7.2 billion) from January to September, which was a year on year increase of 12 percent, the region’s Statistics and Census Bureau reported. In the first nine months of the year, Macau exported goods worth 7.29 billion patacas, up 8 percent from the same period […]
Developer expects property prices to remain ‘stable’ for 2 years

Developer expects property prices to remain ‘stable’ for 2 years

Local developer Liu Chak Wan, whose company paid about 1.42 billion patacas for two adjacent plots of land in Fai Chi Kei, said yesterday he expected the city’s property prices to remain “stable” for the next two years after which they would increase again. Liu, a member of the government’s top advisory Executive Council (ExCo), […]
Over 130 co-operation deals signed at MIF

Over 130 co-operation deals signed at MIF

Trade visitors from more than 50 countries and regions joined the 19th Macau International Trade and Investment Fair (MIF) during which the organiser assisted in about 1,500 business-matching sessions and the signing of more than 130 co-operation agreements over the four-day fair that ended Sunday. According to a statement from the fair’s organiser Macau Trade […]
Govt expects 4,500 participants to attend 19th MIF

Govt expects 4,500 participants to attend 19th MIF

About 4,500 exhibitors and trade visitors from Macau, the mainland, Hong Kong, Taiwan and several dozen foreign countries have registered to participate in the four-day 19th Macau International Trade and Investment Fair (MIF), which will kick off tomorrow, Irene Va Kuan Lau, co-ordinator of the organising committee of the fair, said Tuesday. Lau made the […]
Inflation reaches 6.08 pct in Jan-Sept

Inflation reaches 6.08 pct in Jan-Sept

Macau’s average consumer price index (CPI) for the first nine months rose 6.08 percent year-on-year, the Statistics and Census Bureau (DSEC) announced Tuesday. In the third quarter, the index was up 5.94 percent year-on-year. For the 12 months including last month, the index increased 6.03 percent from the previous period. Last month, the index was […]
Centaline says housing prices ‘reasonable’

Centaline says housing prices ‘reasonable’

The city’s housing prices may have skyrocketed over the past decade but its current housing price levels are “reasonable”, Centaline (Macau) Property Agency Director Jacky Shek Pou Tak said Monday. Shek spoke to reporters on the sidelines of the company’s 10th anniversary bash. “Housing prices have multiplied over the past 10 years but if you […]
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