Macau’s economy grew by 8.1 percent in real terms in the second quarter of 2014, unchanged compared to figure reported for the same period of 2013 but lower than the 12.4 percent seen in the first quarter of this year, the region’s Statistics and Census Bureau reported. The Bureau explained the economic slowdown in Macau […]
Business
Macau’s gold jewellery imports fell 44 percent year-on-year to 651 million patacas in July, the Statistics and Census Bureau (DSEC) announced Thursday. The import of mobile phones dropped 17 percent to 376 million patacas, while the import of handbags and wallets fell 11 percent to 259 million patacas last month. However, watch imports rose 10 […]
Macau’s officially estimated unemployment rate for May-July stood at 1.7 percent, the Statistics and Census Bureau (DSEC) said in a statement Wednesday. The statement pointed out that rate has remained at 1.7 percent since November last year. The city’s total labour force stood at 393,600 in the May-July survey period. The number of employed rose […]
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), […]
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 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. […]
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. […]
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 […]
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 […]