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GDP grows again after 2-year shrinkage

GDP grows again after 2-year shrinkage

Macau’s gross domestic product (GDP) has finally snapped a two-year contraction amid a recovery in casino receipts. GDP grew 4 per cent year-on-year in real terms in the third quarter, the first positive quarterly growth recorded over the past two years, the Statistics and Census Bureau (DSEC) announced yesterday. The bureau attributed the return to […]
Hengqin has enough land for local investors

Hengqin has enough land for local investors

Apart from the five-square-kilometre area known as the Hengqin Guangdong-Macau Co-operation Industrial Park, Hengqin Island has enough land for investors from Macau, the director of the Administrative Committee of Hengqin New Area, Niu Jing, said on Tuesday. Niu made the remarks on the sidelines of a seminar at the Zhuhai Holiday Resort Hotel about the […]
Rise in public investment needed during downturn says Leong Vai Tac

Rise in public investment needed during downturn says Leong Vai Tac

Secretary for Economy and Finance Lionel Leong Vai Tac said on Monday the government needed to increase public investment to help boost the local economy amid its current downturn. Leong made the remarks when attending a plenary session to present the government’s 2017 budget bill, which was unanimously passed by the legislature. According to the […]
Macau visitor expenditure increased 17.4 per cent

Macau visitor expenditure increased 17.4 per cent

According to information released by the Statistics and Census Service (DSEC), total visitor spending (excluding gaming expenses) increased by 17.4 per cent year-on-year to MOP14.64 billion in the third quarter of 2016, putting to an end the seven consecutive quarters of year-on-year decline. The third quarter also showed an expansion of more than 25 per […]
Macau to strengthen ties with Jinan University

Macau to strengthen ties with Jinan University

Chief Executive Chui Sai On met with the President of Jinan University, Hu Jun, to exchange views on the tertiary education sector and on talent development on Friday. The CE was on a two-day visit to Guangzhou, Guangdong Province, following an invitation from Jinan University to participate in the celebrations of the institution’s 110th anniversary. […]
Macau’s economy begins significant transition, IMF says

Macau’s economy begins significant transition, IMF says

Macau’s economy has begun a process of “significant transition”, and the government has used the opportunity to adopt a less volatile economic model and more sustainable funding sources, said the International Monetary Fund (IMF), in a statement in Washington. The IMF mission that was in the territory from 3 to 4 November, which will produce […]
Traffic jams during Macau Grand Prix 1st day

Traffic jams during Macau Grand Prix 1st day

There were traffic jams and “slow moving traffic” on the northern part of the peninsula on Thursday morning, the first day of the annual Macau Grand Prix, which ends on Sunday, the Public Security Police (PSP) said in a statement. According to the statement, during the 8:30 a.m. to 10 a.m. rush hour the traffic […]
Macau needs a theme park says Chief Executive

Macau needs a theme park says Chief Executive

Chief Executive Fernando Chui Sai On said on Wednesday that a theme park is needed in Macau to boost family tourism. Chui made the remarks when answering lawmaker-cum-developer Tommy Lau Veng Seng’s question during a Q&A plenary session in the legislature’s hemicycle. The session came one day after Chui delivered his 2017 Policy Address. Chui’s policy address states that the government will […]
Red panda pair undergoing quarantine in Macau

Red panda pair undergoing quarantine in Macau

A pair of red pandas from Chengdu have arrived in Macau and are currently undergoing a 30-day quarantine in Seac Pai Van Park, a statement from the Civic and Municipal Affairs Bureau (IACM) said on Wednesday. The statement did not say exactly when the red pandas arrived, only saying that they had arrived safely and were healthy. According to the statement, the government […]
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