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Macau reacts coolly to HK tripartite platform idea

Macau reacts coolly to HK tripartite platform idea

Secretary for Economy and Finance Lionel Leong Vai Tac has reacted coolly to his Hong Kong counterpart’s proposal to set up a tripartite platform involving Hong Kong, Macau and the mainland. Responding to Hong Kong Financial Secretary John Tsang Chun-wah’s suggestion on Wednesday that Hong Kong, Macau and the mainland should form a new economic […]
Macau residential property prices rise 22 pct in 2014

Macau residential property prices rise 22 pct in 2014

The average price of residential units rose 22 percent year-on-year to 99,795 patacas per square metre of usable area last year, the Statistics and Census Bureau (DSEC) announced last Tuesday. The average price per square metre of residential units in the Macau Peninsula (95,576 patacas), Taipa (106,316) and Coloane (122,697) rose 19.8 percent, 29.6 percent […]
Macau airport shows 3 pct growth in January 2015

Macau airport shows 3 pct growth in January 2015

The International Airport of Macau handled 430,000 passengers in the month of January, up 3% year-on-year, according to figures released by the operator on Friday. There was also an overall 6% increase in flights in January taking the total number to over 4,700. The statement from CAM pointed to the greatest growth taking place on […]
Ricacorp expects up to 10 pct rise in residential prices

Ricacorp expects up to 10 pct rise in residential prices

Hong Kong-based property agency Ricacorp (Macau) Properties Limited Wednesday forecasted that the average price of residential property in Macau will rise eight to 10 percent this year. Jane Liu Zee Ka, managing director of the local branch, made the forecast during a press conference at the company in Nam Van district. Representatives of the company […]
Over 240,000 vehicles clog city’s streets

Over 240,000 vehicles clog city’s streets

Macau’s number of licensed motor vehicles reached 240,107 at the end of last year, up 5.3 percent from a year earlier, the Statistics and Census Bureau (DSEC) announced Monday. Scooters and motorcycles accounted for 52 percent of the total number of motor vehicles. The number of new registrations of motor vehicles rose 6.4 percent year-on-year […]
Airport handles 5.5 million passengers in 2014

Airport handles 5.5 million passengers in 2014

Macau’s airport handled 5.48 million passengers last year, up nine percent from 2013. The figure was released on the sidelines of a Spring Festival dinner hosted by Macau International Airport Company (CAM) on Friday. The number of aircraft movements (takeoffs and touchdowns) rose 7.4 percent to 52,000. The figure included 2,791 business jet movements, up […]
Gold jewellery imports top 10 billion patacas in 2014

Gold jewellery imports top 10 billion patacas in 2014

Macau’s gold jewellery imports rose six percent year-on-year to 10.2 billion patacas last year, the Statistics and Census Bureau (DSEC) announced on Friday. Gold jewellery, the city’s second import item after food and beverages combined, accounted for 11.4 percent of the total value of imports last year. Watch imports rose 22.2 percent to 7.9 billion […]
Hotel guests rise only 0.4 pct last year

Hotel guests rise only 0.4 pct last year

Macau’s number of hotel guests rose a mere 0.4 percent to 10.7 million last year, the Statistics and Census Bureau (DSEC) announced on Friday. Hotel’s average occupancy rate stood at 86.5 percent, up 3.4 percentage points. At the end of last year, the city’s 98 hotels and guesthouses provided a total of 28,000 guestrooms, up […]
Macau ranks 9th in Asia-Pacific in “economic freedom”

Macau ranks 9th in Asia-Pacific in “economic freedom”

Macau ranks ninth in the Asia-Pacific region in terms of economic freedom, down two places from last year, according to the 2015 report from the Heritage Foundation, a conservative US think tank based in Washington DC. Among 42 regional economies, Macau thus ranks only behind Hong Kong, Singapore, Australia, New Zealand, Taiwan, Japan, South Korea […]
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