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 […]
Business
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
Macau imported gold jewellery worth 4.63 billion patacas in the first five months of this year, up 51 percent year-on-year, ranking first among the city’s imports, the Statistics and Census Bureau (DSEC) has announced. Gold jewellery accounted for 12.6 billion of the total value of imports between January and May. Food and beverage imports came […]