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Inflation hits 6.05 pct in 2014

Inflation hits 6.05 pct in 2014

Macau’s inflation rate hit a whopping 6.05 percent last year, the Statistics and Census Bureau (DSEC) announced Wednesday. A DSEC statement attributed the steep rise mainly to starkly higher housing rents and restaurant prices. For the whole of last year, notable increases were recorded in the price indices of housing and fuels (+11.93 percent) and […]
Centaline forecasts home prices to grow 20 percent this year

Centaline forecasts home prices to grow 20 percent this year

Local housing prices will remain stable in the first half of the year as the market is still in its adjustment period but things will pick in the second half of the year with prices expected to rise up to 20 percent, Centaline (Macau) Property Agency Director Jacky Shek Po Tak said Wednesday. Shek made […]
Macau government wants to raise social security dues

Macau government wants to raise social security dues

Social Security Fund (FSS) President Ip Peng Kin said on Wednesday that the government was proposing to increase the social security dues paid by the city’s employers and employees from the current 45 patacas to 90 patacas a month. Ip also said that once the proposed amount is agreed upon in the government-appointed Standing Council […]
Fresh meat prices to remain stable: wholesalers

Fresh meat prices to remain stable: wholesalers

Prices of fresh meat and produce will remain stable this year and there won’t be a steep price increase in the run-up to next month’s Chinese New Year, representatives of Nam Kwong Commercial Company and Nam Yue Food Stuffs & Aquatic Company said yesterday. All of Macau’s fresh meat and produce is imported by the […]
Handbag imports drop 25 percent

Handbag imports drop 25 percent

Macau’s import of handbags and wallets in November 2014 fell 25 percent year-on-year to 242 million patacas, the Statistics and Census Bureau (DSEC) has announced. Handbags and wallets are popular with shoppers from the mainland. In the first nine months of last year, the import of handbags and wallets dropped six percent. Gold jewelry imports […]
Secretary vows to minimise impact of economic fluctuations

Secretary vows to minimise impact of economic fluctuations

Secretary for Economy and Finance Lionel Leong Vai Tac said in a statement on the 4th of January that the government would try to minimise any adverse impact resulting from economic fluctuations on the market and residents’ livelihoods. The newly-appointed policy secretary also said that to diversify the city’s economy the government would be “proactive […]
Guangdong free-trade zone to forge links with Hong Kong and Macau

Guangdong free-trade zone to forge links with Hong Kong and Macau

A free-trade zone destined for Guangdong will play a major role in deepening cooperation with Hong Kong and Macau, Xinhua news agency reported Monday. The State Council gave the go-ahead earlier this month for Guangdong, Tianjin and Fujian to set up free-trade zones in their jurisdictions, a little over a year after it gave green […]
Secretary Leong Vai Tac looks at Macau’s economy with caution and optimism

Secretary Leong Vai Tac looks at Macau’s economy with caution and optimism

The Secretary for Economy and Finance Leong Vai Tac has said that his cabinet is looking at Macau’s economic development in the coming years with both caution and optimism. He believes the city’s economy will continue to develop favorably, but recalled the central government’s advice that Macau’s top officials should be prepared to face the […]
Inflation increases 6.12%

Inflation increases 6.12%

Consumer prices went up by 6.12 percent year-on year in November. The increase in the Consumer Price Index is the same as the one recorded in October. The Statistics and Census Service says the growth was once again driven by higher residential rentals and dearer charges for eating out. For the 12 months ended November […]
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