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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Domingos Savio Chang, who heads the Macau Financial Employees Association, said on Thursday that the city’s outdated laws and rules regulating the financial sector, as well as the insufficient number of qualified professionals, were hindering the development of the sector in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 […]
Imported labour decreases in Macau

Imported labour decreases in Macau

  Macau’s number of non-resident (imported) workers fell by 474 last month compared with the same month of last year, the Labour Affairs Bureau (DSAL) has announced. At the end of last month, the number of non-resident workers stood at 180,277, compared with 182,178 in the previous month and 180,751 a year earlier. Mainlanders accounted […]
Macau Chief Executive to deliver 2017 Policy Address on November 15

Macau Chief Executive to deliver 2017 Policy Address on November 15

Chief Executive, Chui Sai On, will deliver his 2017 Policy Address in the legislature’s hemicycle on November 15, the Legislative Assembly (AL) announced on Tuesday. According to the announcement, Chui will answer lawmakers’ questions about the policy address on November 16. The government’s five policy secretaries will present their respective 2017 portfolio guidelines to the […]
Macau government decides to raise Social Security Fund

Macau government decides to raise Social Security Fund

The Social Security Fund (FSS) announced on Monday that the monthly dues paid by employers and employees will be increased from the current 45 patacas to 90 patacas from the beginning of next year, with the ratio that both sides contribute remaining unchanged at 1:2, despite a lack of consensus on the ratio. Addressing a press […]
Macau Chief Executive says cash handout set to continue

Macau Chief Executive says cash handout set to continue

Chief Executive Fernando Chui Sai On said on Monday the government was not likely to cease its cash handout scheme next year, Macau Federation of Trade Unions (commonly known as Gung Luen) President Chiang Chong Sek told reporters after meeting Chui at Government Headquarters. Pointing out that Macau has a fiscal surplus, Chui told Chiang […]
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