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New federation helps deepen Sino-PSCs co-operation says vice-minister

New federation helps deepen Sino-PSCs co-operation says vice-minister

Vice Minister of Commerce Gao Yan said on Wednesday that entrepreneurs from China and Portuguese-speaking countries (PSCs) would use a newly-set up federation as a platform to deepen bilateral trade and investment. Gao made the remarks in a speech at the 5th Ministerial Conference of the Forum for Economic and Trade Co-operation between China and […]
Chinese fund for investment in PSCs will be based in Macau

Chinese fund for investment in PSCs will be based in Macau

The headquarters of the US$1 billion fund for investment in Portuguese-speaking countries announced by China in 2013 will be transferred from Beijing to Macau to facilitate contact with potential interested parties, the President of the Fund said on Wednesday in Macau. The information was provided to Portuguese news agency Lusa by the president of the […]
Macau’s GDP to drop 4.7% this year

Macau’s GDP to drop 4.7% this year

Macau’s gross domestic product will drop 4.7 per cent in real terms this year, the International Monetary Fund (IMF) predicts in its World Economic Outlook October 2016. The Macau Post Daily received the report from the Washington-based lender on Wednesday. In its April outlook, the fund had still forecast a negative GDP growth of 7.2 […]
Ian Coughlan appointed as president of Wynn Macau

Ian Coughlan appointed as president of Wynn Macau

Ian Coughlan was appointed as president of Wynn Macau, replacing Gamal Abdelaziz, who resigned, the Las Vegas-based company said Friday in a filing. Coughlan will be responsible for all operations and development at the Wynn Palace, as well as the Wynn Macau resort, the company said. The Palace opened on Aug. 22, and the part […]
Macau casino revenue grows for the second straight month

Macau casino revenue grows for the second straight month

Macau casino gaming revenue grew for the second straight month in September according to statistics released on Saturday from Macau’s Gaming Inspection and Coordination Bureau (DICJ). The figures released by the DICJ showed gross gaming revenue hitting MOP 18.4 billion (US $2.3 billion) in September, up 7.4 per cent from the same month last year. That followed […]
Merchandise imports increase in August in Macau

Merchandise imports increase in August in Macau

The value of merchandise imports in August registered an increase for the first time since August 2015, up by 1.8 per cent year-on-year to MOP6.92 billion. According to information released on Thursday by the Statistics and Census Service (DSEC), imports of large passenger cars surged by 722.9 per cent and imports of watches and gold […]
Macau inflation further slows to 1.65 per cent in August

Macau inflation further slows to 1.65 per cent in August

Macau’s composite consumer price index (CPI) rose a mere 1.65 per cent year-on-year last month, a further decrease of 0.43 per centage points from the 2.08 per cent growth in July, the Statistics and Census Bureau (DSEC) said in a statement on Wednesday. The statement attributed the increase mainly to higher rentals for parking spaces […]
30 gaming tables ‘enough’ for Jai Alai Macau says Angela Leong

30 gaming tables ‘enough’ for Jai Alai Macau says Angela Leong

SJM Executive Director and Chief Administrative Officer Angela Leong On Kei said on Monday that about 30 gaming tables would be enough for the company’s Casino Jai Alai that is set to reopen by the end of the year. Leong made the comments while speaking to reporters on the sidelines of a business matching session […]
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