Fernando Chui Sai On acknowledged on Tuesday that the government is facing the dilemma of promoting the city’s development and protecting its heritage sites at the same time, but pledged that if “most residents” agreed to protect any building or sites which they thought were worthy of preservation the government would do its best to […]
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Macau’s gross domestic product (GDP) dipped to its lowest since 2011 as high-stakes gamblers avoided the world’s largest casino market amid the mainland’s widening crackdown on graft and an economic slowdown. GDP tumbled 26.4 percent year-on-year in real terms in the second quarter, the Statistics and Census Bureau (DSEC) said in a statement. The drop […]
Macau’s trade balance posted a 43.463 billion patacas (US$5.432 billion) deficit in the period from January through July, down 2.89 percent over the 44.760 billion recorded in the same period of 2014, indicates the Statistics and Census Service. During the first seven months of the year Macau exported products worth 6.397 billion patacas, up 10.6 […]
Macau government is still discussing with its Guangdong and Fujian counterparts plans to invest 10 billion to 20 billion patacas of the city’s financial reserves in the two provinces’ infrastructure projects, Chan Sau San, a member of the board of directors of the Macau Monetary Authority (AMCM) said on Sunday, adding that the government would […]
Local lender Banco Nacional Ultramarino (BNU) is applying to the mainland authorities to set up a branch on Hengqin Island, the Portuguese bank’s executive director Ronald Kan Cheok Kuan said on Thursday, adding that BNU was also in discussion with the University of Macau (UM) about opening a branch on its new campus on the […]
Social Welfare Bureau (IAS) Director Iong Kong Io said on Wednesday that his bureau was working with relevant government entities to look for ways to provide jobs for senior citizens in the future. Iong was responding to a caller during a phone-in programme at Ou Mun Tin Toi, the Chinese-language radio channel of government broadcaster […]
The consumer price index last month rose by 4.76 percent year-on-year to 106.13, down from 4.91 percent the preceding month, reported the Statistics and Census Service. The increase was said to be due to higher rentals for dwelling and rising costs of eating out. Compared to July 2014, notable hikes were seen in the price […]
Police have arrested 17 men and women on suspicion of credit card fraud involving the equivalent of 350 million patacas, a Judiciary Police (PJ) spokesperson said during a special press briefing on Tuesday. The spokesperson said the police recently received a tip-off that several jewellery shops and electronics shops in ZAPE were using POS (point […]
A Judiciary Police (PJ) spokesperson said on Monday a man lost over 6,000 yuan to a suspicious app after it had gained access to his bank account through his phone. The spokesperson told a regular Monday’s press briefing the victim told the police that after connecting to a local WiFi network in a public place […]