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Macau power utility CEM made 662 million patacas profit in 2015

Macau power utility CEM made 662 million patacas profit in 2015

Power utility CEM announced on Thursday a net profit of 662 million patacas, up 8.8 per cent year-on-year. The announcement came after the company’s annual general meeting. According to a CEM statement, the city’s power consumption increased by 6.2 per cent to hit a record high of 4,966 GWh last year. Peak Demand rose by […]
Air Macau profits fell 70 per cent in 2015

Air Macau profits fell 70 per cent in 2015

Air Macau ended 2015 with net profits of 31 million yuan (38.3 million patacas at current exchange rates), representing a decrease of 70.58 per cent compared to the 106 million recorded in the previous year, according to the local daily Tribuna de Macau. The data is contained in the annual report released on Wednesday by […]
Macau is expected to return to economic growth in 2017

Macau is expected to return to economic growth in 2017

Macau should return to economic growth in 2017, the year in which, according to experts from the Economist Intelligence Unit (EIU) there will be a return to positive values ​​with a real rate of 4.6 percent, according to the latest report on the territory. This positive growth rate occurs after three consecutive years of negative […]
Macau telecom operator makes 1.1 billion patacas profit last year

Macau telecom operator makes 1.1 billion patacas profit last year

Local telecom operator CTM made 1.154 billion patacas in profit last year from its mobile, Internet and business solutions services, said the company’s CEO Vandy Poon Fuk Hei . Last year’s profit was up 3.8 percent from the 1.112 billion patacas profit in 2014. According to Poon, with the support of major shareholder CITIC Telecom […]
Consumer prices in Macau up to 3.9 per cent

Consumer prices in Macau up to 3.9 per cent

Inflation increased slightly last month, thanks to higher prices for restaurant meals and fresh food during the Lunar New Year period. According to data released on Monday, consumer prices increased by almost 3.9 per cent year-on-year in February, slightly higher than in January. In fact, it was the smallest Lunar New Year increase in five […]
Trade between Macau and Taiwan increases in 2015

Trade between Macau and Taiwan increases in 2015

The President of the Macau Trade and Investment Promotion Institute (IPIM) said in Taipei that trade between Macau and Taiwan reached US$181 million in 2015, representing an increase of 1.3 percent over the previous year. Jackson Chang also recalled, at a seminar on the exchange between companies from Macau and Taiwan, that commercial flights between […]
Macau casino billionaire plans Avatar-like theme park for Galaxy

Macau casino billionaire plans Avatar-like theme park for Galaxy

The Galaxy Entertainment Group Ltd. chairman Lui Che-Woo said that the next two phases of the HK$86 billion ($11 billion) Galaxy Macau project will include “something special and high-tech” similar to the movie “Avatar.” Compared with larger theme parks such as Walt Disney Co.’s $5.5 billion Shanghai park that’s due to open in June, “our […]
Gaming jobs in Macau fall 2.7 percent

Gaming jobs in Macau fall 2.7 percent

The gaming sector had 56,217 full-time employees at the end of last year, down by 2.7 percent year-on-year, said the Statistics and Census Bureau (DSEC). The number of croupiers (dealers) fell by 4.4 percent to 24,619, Croupiers accounted for 43.8 percent of all gaming sector employees. The sector employed 14 percent of Macau’s total labour […]
Macau’s trade deficit improves by 21 percent in January

Macau’s trade deficit improves by 21 percent in January

Macau’s balance of trade deficit recorded a 21 percent improvement in January due to a contraction of 1.579 billion patacas in goods imports, reported the region’s Statistics and Census Bureau. In January Macau imported goods worth 6.956 billion patacas, against 9.493 billion patacas a year earlier, which together with an increase 1.5 percent in exports […]
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