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Macau’s economy is expected to resume growth in 2016

Macau’s economy is expected to resume growth in 2016

The Macau economy is expected to start growing again in 2016, when the technical Economist Intelligence Unit predicts real growth of 5.3 percent, according to the most recent report on Macau. After the GDP of the territory recorded a growth rate of 10.7 percent in 2013 and negative 0.4 percent in 2014, the EIU report […]
Int’l Infrastructure Investment & Construction Forum opens in Macau

Int’l Infrastructure Investment & Construction Forum opens in Macau

The sixth International Infrastructure Investment and Construction Forum kicked off here Thursday in Macau. Over 1,000 representatives from more than 50 countries and regions attended the two-day forum, themed “Regional Economic Integration Spurs New Development of International Infrastructure Cooperation.” Focuses of the forum include opportunities, challenges and innovative cooperation modes in the field of infrastructure […]
Property prices fall 21.6 pct in April

Property prices fall 21.6 pct in April

Macau’s average residential property price per square metre dropped 21.6 percent to 103,128 patacas in April, the Finance Services Bureau (DSEC) has announced. According to the bureau, the average size of the units amounted to 68 square metres. The average price in Taipa was 139,080 patacas per square metre, up 31.5 percent year-on-year. In Coloane, […]
Macau GDP in Q1 slumps as casino revenues plunge

Macau GDP in Q1 slumps as casino revenues plunge

Macau’s economic output tumbled 24.5 percent in real terms in the first quarter, the Statistics and Census Bureau (DSEC) announced on Thursday, as a widening graft crackdown and slowing economy in the mainland keeps high rollers away from the city’s casinos. The fall in gross domestic product (GDP) from a year earlier was the deepest […]
Macau retail sales of watches jewellery fall 31 pct in Q1

Macau retail sales of watches jewellery fall 31 pct in Q1

Sales of watches, clocks and jewellery fell 31 percent to 3.7 billion patacas in the first quarter, the Statistics and Census Bureau (DSEC) announced on Tuesday. Watches, clocks and jewellery accounted for 23 percent of all retail sales –the sector’s biggest segment. Sales of leather goods dropped 28 percent to 1.59 billion patacas. Sales of […]
Macau inflation eases to 4.51 percent in April

Macau inflation eases to 4.51 percent in April

Macau’s inflation rate eased to 4.51 percent in April, the Statistics and Census Bureau (DSEC) announced on Thursday. According to a DSEC statement, the city’s composite consumer price index (CPI) for April increased 4.51 percent year-on-year, down from the 5.10 percent growth in March. The bureau pointed out that higher residential rents and the rising […]
Macau’s development keeps ‘positive trend’: Chui

Macau’s development keeps ‘positive trend’: Chui

Chief Executive Fernando Chui Sai On says in his first ever audio message, which was released on his official website on Sunday, that Macau’s overall development maintains a “positive trend”. However, he urged citizens to be aware of any challenges that may lie ahead. Chui also says in the audio message, whose release coincided with […]
Macau Airport records steady growth in April

Macau Airport records steady growth in April

In April this year, the Macau International Airport (MIA) recorded steady growth in passenger traffic volume and aircraft movements. Passenger volume surpassed 480,000 and aircraft movements totaled over 4,500, representing 6 pct and 6.5 pct increases respectively when compared to the same period last year. Among the three key regional market shares, the Taiwan market […]
Macau to cut spending if casino revenue dips under 18 billion patacas a month

Macau to cut spending if casino revenue dips under 18 billion patacas a month

Secretary for Economy and Finance Lionel Leong Vai Tac said Tuesday the government would have to cut its expenditure if the city’s average gross gaming revenue drops to 18 billion patacas a month. The policy secretary made the remark after attending an annual seminar hosted by the Macau Chamber of Commerce (ACM) in Nape. Leong […]
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