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Rents push up inflation to 5.92 pct in July

Rents push up inflation to 5.92 pct in July

Skyrocketing residential rents and the rising cost of eating out further pushed up the city’s composite consumer price index (CPI), which rose 5.92 percent year-on-year last month, according to figures released by the Statistics and Census Bureau (DSEC) Wednesday. A DSEC statement said “notable increases” affected the price indices of housing and fuels (+11.45 percent), […]
Price of pre-sale units leaps 48 pct in Q2

Price of pre-sale units leaps 48 pct in Q2

The average of price of pre-sale residential units increased 48 percent quarter-to-quarter to 185,886 patacas per square metre in the second quarter, the Statistics and Census Bureau (DSEC) announced Monday. The average price of pre-sale residential units in the Macau peninsula and Taipa increased 52 percent and 38 percent respectively. The average price of all […]
Monetary chief says govt ‘can invest daringly’

Monetary chief says govt ‘can invest daringly’

Monetary Authority of Macau (AMCM) President Anselmo Teng Lin Seng told lawmakers Tuesday that the government “can invest daringly”, provided that it is aware of the risks involved. Teng made the remark during a Q&A session when responding to an interpellation by lawmaker Si Ka Lon on the transparency of the government’s financial investment strategies. […]
Govt says still discussing price with natural gas provider

Govt says still discussing price with natural gas provider

Energy Sector Development Office (GDSE) Director Arnaldo Santos said Monday that natural gas is now being used by a public housing estate in Coloane and the University of Macau campus in Hengqin Island and that the government is still negotiating with the city’s natural gas provider Sinosky Energy on a “reasonable” price of the commodity. […]
Watch imports leap 65 pct in 1st half

Watch imports leap 65 pct in 1st half

Macau’s watch imports jumped 65 percent year-on-year to 4.28 billion patacas, the Statistics and Census Bureau (DSEC) announced Thursday. Watch imports accounted for nearly 10 percent of the total value of imports. Gold jewellery imports rose 35 percent to 5.2 billion patacas. Gold jewellery accounted for nearly 12 percent of all imports between January and […]
Real-estate deals, prices drop in June

Real-estate deals, prices drop in June

The number of real-estate deals and property prices dropped in June, according to stamp duty statistics released by the Finance Service Bureau (DSF) yesterday. A total of 609 units were sold in June, a 17.8 percent drop from the 741 units sold in the previous month. Some 77.5 percent of all units sold in June […]
Macau, mainland to ink anti-money laundering deal

Macau, mainland to ink anti-money laundering deal

Macau Monetary Authority (AMCM) President Anselmo Teng Lin Seng said Monday that the People’s Bank of China (PBOC) and the AMCM had agreed to sign a co-operation agreement to fight money laundering. Teng said the deal would further strengthen co-operation between the two sides to fight money laundering. Teng made the remarks to reporters after […]
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 […]
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