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Prices in Macau continue to slow in May

Prices in Macau continue to slow in May

Consumer prices in Macau in May continued to slow, with year on year inflation at a rate of 1.64 per cent, or 38 basis points less than in April, said the region’s Statistics and Census Bureau (DSEC). A chart provided by DSEC in the statement on May’s CPI shows that the general index has been […]
Macau top court rejects Moon Ocean’s La Scala appeal

Macau top court rejects Moon Ocean’s La Scala appeal

The Court of Final Appeal (TUI) has rejected Moon Ocean Ltd’s request to annul a 2012 administrative order by Chief Executive Chui Sai On which invalidated the company’s provisional leaseholds of five plots of land where the aborted La Scala residential project is located, according to a statement issued by the court on Wednesday. Chui’s […]
Shun Tak to build mall with cineplex in Taipa, Macau

Shun Tak to build mall with cineplex in Taipa, Macau

Shun Tak Holdings Limited said in a statement on Wednesday that it was partnering with an Abu Dhabi company to build a shopping mall with a cineplex in Taipa that was expected to be operational in 2019. The statement said that the 50/50 joint venture partnership was agreed upon with HIP Company Limited, a wholly-owned […]
Macau government co-operates with Guangdong on ‘One Belt, One Road’

Macau government co-operates with Guangdong on ‘One Belt, One Road’

The Macau and Guangdong governments signed a deal to join forces in the development of the central government’s ‘One Belt, One Road’ initiative on Tuesday. The two sides inked the letter of intent during the one-day 2016 Macau-Guangdong Joint Co-operation Conference. Chief Executive Fernando Chui Sai On and Guangdong Governor Zhu Xiaodan co-hosted a press […]
Macau Chief Executive reassures public of Taishan nuclear plant safety

Macau Chief Executive reassures public of Taishan nuclear plant safety

Chief Executive Fernando Chui Sai On said Tuesday that the central government was “deeply concerned about the safety of Macau’s residents,” amid concerns about safety at the still under-construction Taishan Nuclear Power Plant. Chui also vowed that his government will always be in close contact with the Guangdong provincial government about the plant’s construction progress […]
Macau provident fund bill passed by the legislature

Macau provident fund bill passed by the legislature

The government’s bill for the city’s long-delayed non-mandatory central provident fund was finally passed by the legislature on Tuesday, eight years after it had first been presented by the government. During a plenary debate about the bill’s outline, Secretary for Social Affairs and Culture Alexis Tam Chon Weng said he was “confident” that the government […]
Macau’s GDP to fall 5.9 per cent in 2016, return to growth in 2017

Macau’s GDP to fall 5.9 per cent in 2016, return to growth in 2017

Macau’s real GDP will contract by 5.9 per cent this year because of a fall in gambling revenue but will return to growth in 2017. This is the forecast of a report on Macau for the second quarter of this year by the Economist Intelligence Unit (EIU), published in London on June 20. It said […]
2,200 Macau students accepted by Taiwan universities

2,200 Macau students accepted by Taiwan universities

Around 2,200 local applicants have been accepted by Taiwanese higher education institutions starting from the new academic year, Taipei Economic and Cultural Office Director-General Lu Chang-shui said on Monday. Speaking to reporters on the sidelines of a public event hosted by a local developers’ association, Lu said he expected half of the successful applicants to […]
Macau government vows to study innovation in public administration

Macau government vows to study innovation in public administration

Secretary for Economy and Finance Lionel Leong Vai Tac said on Sunday it was important for the various public entities in the city to always be innovative so that the government will be able to better meet residents’ needs. The policy secretary also said it was important to encourage public entities not to be afraid […]
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