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SJM revenue falls 11 per cent in 3rd quarter

SJM revenue falls 11 per cent in 3rd quarter

SJM Holdings’ gaming revenue fell 11.1 per cent year-on-year to HK$9.99 billion in the third quarter, the gaming company said in a statement on Tuesday. In the first nine months, gaming revenue dropped 17.8 per cent year-on-year to HK$30.87 billion. Adjusted Ebitda decreased 8.4 per cent to HK$810 million in the third quarter. In the first three […]
Macau’s gaming revenue grows 8 per cent in October

Macau’s gaming revenue grows 8 per cent in October

Macau posted an 8.8 per cent growth in gambling revenue in October, the third consecutive monthly rise, according to the Macau Gaming Inspection and Coordination Bureau (DICJ). Gaming revenue was MOP 21.8 billion (US$2.73 billion), government data showed on Tuesday. The growth reversed a 26-month fall of revenues of the 38 Macau casinos.  In the first 9 months of […]
New vehicle registrations fall 32 per cent in Jan-Sept 

New vehicle registrations fall 32 per cent in Jan-Sept 

The number of new registrations of motor vehicles dropped 31.7 per cent year-on-year to 10,078 in the first nine months of the year, the Statistics and Census Bureau (DSEC) announced on Monday. The number of new registrations of motorcycles fell 25.3 per cent to 5,785, while the number of new registrations of light automobiles decreased 41.9 […]
Macau vehicle imports fall 55 per cent in January – September

Macau vehicle imports fall 55 per cent in January – September

Macau’s motor car and motorbike imports fell 55.6 per cent year-on-year to 911 million patacas in the first nine months of the year, the Statistics and Census Bureau (DSEC) announced on Sunday. Mobile phone imports fell 44.9 per cent to 3.06 billion patacas. Watch imports dropped 31.9 per cent to 3.3 billion patacas. Gold jewellery […]
Taxi draft bill to be completed soon in Macau

Taxi draft bill to be completed soon in Macau

The government’s draft bill on the taxi industry will be completed soon so that it can be submitted to the Executive Council, Transport Bureau (DSAT) Director Lam Hin San told reporters on the sidelines of a Road Safety Carnival in Praça do Tap Seac on Sunday. Lam said his bureau was finishing the draft, which […]
Macau lawmakers criticised budget and location of new central library

Macau lawmakers criticised budget and location of new central library

Lawmakers criticised the budget and location of the new central library on Thursday after a briefing on the project held by the Cultural Affairs Bureau (IC) at the Legislative Assembly (AL). Cultural Affairs Bureau (IC) President Guilherme Ung Vai Meng said last month that the government had already made up its mind to build the […]
Laws lag behind need for financial development says Macau Financial Employees Association

Laws lag behind need for financial development says Macau Financial Employees Association

Domingos Savio Chang, who heads the Macau Financial Employees Association, said on Thursday that the city’s outdated laws and rules regulating the financial sector, as well as the insufficient number of qualified professionals, were hindering the development of the sector in Macau. Chang made the comments during a press conference about an upcoming event to provide […]
Macau inflation increased 1.59 per cent

Macau inflation increased 1.59 per cent

Macau’s composite consumer price index (CPI) rose 1.59 per cent on September, a further slowdown from the 1.65 per cent growth in the previous month, the Statistic and Census Bureau said in a statement. The bureau attributed the increment to higher rentals for parking spaces, the higher cost of eating out, as well as increases […]
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