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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 […]
Inflation slows to 5.99 pct in June

Inflation slows to 5.99 pct in June

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 […]
Macau and Zhongshan to establish ‘co-operation pilot zone’

Macau and Zhongshan to establish ‘co-operation pilot zone’

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 […]
Macau’s forex reserves reach $15.76 bln in June

Macau’s forex reserves reach $15.76 bln in June

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 […]
Govt vows to study tobacco tax hike

Govt vows to study tobacco tax hike

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 […]
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