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Cross-delta bridge to open end of 2016: authority

Cross-delta bridge to open end of 2016: authority

Hong Kong-Zhuhai-Macau Bridge Authority Executive Director Wei Dongqing said Wednesday that construction of the cross-delta bridge was proceeding as scheduled and expected to open to traffic at the end of 2016 as originally planned. Wei also said the authority had set up a working group to study how much to charge at the tolls and […]
Inflation rate his 6.07 pct in August

Inflation rate his 6.07 pct in August

Macau’s composite consumer price index (CPI) rose 6.07 percent year-on-year last month, namely due to higher housing rents and the rising cost of eating out, the Statistics and Census Bureau (DSEC) said on Monday. According to a DSEC statement, last month saw notable increases in the price indices of housing and fuels (+12.0-4 percent), and […]
Casino growth prospects soften

Casino growth prospects soften

The Fitch Ratings agency downgraded its annual growth forecast for Macau’s casino sector from 10% to 4% for this year due to a weakening in the VIP segment according to a statement on its website on Friday. Whilst the agency still expects to see strong growth in the mass market and slot machines, up 15 […]
Budget for Melco Studio City film to hit US$70 mln

Budget for Melco Studio City film to hit US$70 mln

The budget for Melco Crown International’s film to advertise its new Studio City resort complex on Cotai, in Macau,is totals US$70 million, with the three Hollywood actors involved each earning US$13 million, the New York Post reported, citing sources. The short film, which will be launched to coincide with the casino opening, was directed by […]
Gold jewellery imports drop 44 pct in July

Gold jewellery imports drop 44 pct in July

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 […]
Jobless rate remains at 1.7 pct in May-July

Jobless rate remains at 1.7 pct in May-July

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 […]
Rents push up inflation to 5.92 pct in July

Rents push up inflation to 5.92 pct in July

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), […]
Price of pre-sale units leaps 48 pct in Q2

Price of pre-sale units leaps 48 pct in Q2

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 […]
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