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Macau posts trade deficit of US$1.825 billion in the 1st quarter

Macau posts trade deficit of US$1.825 billion in the 1st quarter

Macau’s trade deficit in the first quarter of 2016 reached 14.602 billion patacas (US$1.825 billion), a year on year improvement of 25.3 per cent, reported the Statistics and Census Bureau. According to the Bureau, the trade deficit in the first quarter of 2015 totalled 19.5516 billion patacas. In the first three months of 2016, Macau […]
Macau gaming operator SJM profit falls 44 per cent in Q1

Macau gaming operator SJM profit falls 44 per cent in Q1

SJM Holdings’s profit attributable to the company’s owners fell by 44.1 per cent year-on-year to HK$561 million in the first quarter, the gaming operator said in a statement on Tuesday. The company’s gaming revenue decreased by 22.8 per cent to HK$11.02 billion, while adjusted EBITDA dropped by 32.5 per cent to HK$838 million. According to the statement, […]
Macau’s April casino revenue falls 9.5 per cent in April

Macau’s April casino revenue falls 9.5 per cent in April

Macau’s April casino revenue dropped less than analysts estimated in a sign of stabilization as casinos shift their focus to attracting mass gamblers and tourists. Macau´s gross gaming revenue in April decreased 9.5 percent to 17.3 billion patacas (US$ 2.2 billion), according to data from Macau’s Gaming Inspection and Coordination Bureau, marking 23 months of […]
Macau’s first five-year plan receives lukewarm reception

Macau’s first five-year plan receives lukewarm reception

The government released a draft on April 26 of its first five-year plan, further heating up the debate surrounding the future of Macau’s economy. Exmoo News, reflected public concern about the plan by covering in great detail the press conference announcing the plan. Chief Executive Chui Sai On admitted that he had confidence in achieving […]
Macau security chief describes US human rights report as “irresponsible gossip”

Macau security chief describes US human rights report as “irresponsible gossip”

Secretary for Security Wong Sio Chak said on Wednesday that the local government strongly objected to a human rights report published by the US government recently, describing it as “irresponsible gossip”.   Wong made the remarks on the sidelines of an awards ceremony for firefighters at the Fire Services Bureau (CB) headquarters in Nam Van. […]
SJM and Wynn Macau pledge to meet non-gaming revenue goal

SJM and Wynn Macau pledge to meet non-gaming revenue goal

SJM Managing Director Angela Leong On Kei and Wynn Macau Executive Director Linda Chen said that they believe that Macau’s six gaming operators’ revenue from non-gaming business will exceed nine per cent of their total income by 2020, 2.4 percentage points up from 2014.   The government laid down the goal for the city’s gaming operators […]
Macau government hopes its first 5-Year Plan will become ‘joint action agenda’

Macau government hopes its first 5-Year Plan will become ‘joint action agenda’

Think tank head Lao Pun Lap said he hoped the government’s first ever Five-Year Development Plan will become a “joint action agenda” for the government and the community at large, adding that the government would adopt “more open, transparent and interactive” ways to collect public opinion on the plan. Lao, who heads the government’s Policy Research […]
Island hospital delayed to after 2019

Island hospital delayed to after 2019

Macau’s first five-year draft plan says the Island Hospital will only be ready after 2019, at least three years behind schedule. Last December, Secretary for Social Affairs and Culture Alexis Tam went to the Legislative Assembly and pledged to have the city’s second public hospital ready by 2019. A few months later, the government has […]
European Union says Macau governance needs to be ‘modernised’

European Union says Macau governance needs to be ‘modernised’

The 28-nation European Union (EU) says in its annual Macau report that “the functioning of the government needs to be modernised and made more efficient.” The European Commission also says in its Annual Report 2015 that “the EU encourages the Macau authorities to consider ways to promote greater public involvement in the election of the […]
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