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Macau visitors rise 1.6 per cent in October

Macau visitors rise 1.6 per cent in October

Macau’s number of visitor arrivals rose 1.6 per cent year-on-year and 10.4 per cent month-on-month to 2.67 million in October, the Statistics and Census Bureau (DSEC) announced on Wednesday. A DSEC statement attributed the two-digit month-on-month increase to the National Day “Golden Week” holiday in the first week of last month. Overnight visitors rose 12.1 per […]
GDP grows again after 2-year shrinkage

GDP grows again after 2-year shrinkage

Macau’s gross domestic product (GDP) has finally snapped a two-year contraction amid a recovery in casino receipts. GDP grew 4 per cent year-on-year in real terms in the third quarter, the first positive quarterly growth recorded over the past two years, the Statistics and Census Bureau (DSEC) announced yesterday. The bureau attributed the return to […]
Hengqin has enough land for local investors

Hengqin has enough land for local investors

Apart from the five-square-kilometre area known as the Hengqin Guangdong-Macau Co-operation Industrial Park, Hengqin Island has enough land for investors from Macau, the director of the Administrative Committee of Hengqin New Area, Niu Jing, said on Tuesday. Niu made the remarks on the sidelines of a seminar at the Zhuhai Holiday Resort Hotel about the […]
Rise in public investment needed during downturn says Leong Vai Tac

Rise in public investment needed during downturn says Leong Vai Tac

Secretary for Economy and Finance Lionel Leong Vai Tac said on Monday the government needed to increase public investment to help boost the local economy amid its current downturn. Leong made the remarks when attending a plenary session to present the government’s 2017 budget bill, which was unanimously passed by the legislature. According to the […]
Macau visitor expenditure increased 17.4 per cent

Macau visitor expenditure increased 17.4 per cent

According to information released by the Statistics and Census Service (DSEC), total visitor spending (excluding gaming expenses) increased by 17.4 per cent year-on-year to MOP14.64 billion in the third quarter of 2016, putting to an end the seven consecutive quarters of year-on-year decline. The third quarter also showed an expansion of more than 25 per […]
Macau to strengthen ties with Jinan University

Macau to strengthen ties with Jinan University

Chief Executive Chui Sai On met with the President of Jinan University, Hu Jun, to exchange views on the tertiary education sector and on talent development on Friday. The CE was on a two-day visit to Guangzhou, Guangdong Province, following an invitation from Jinan University to participate in the celebrations of the institution’s 110th anniversary. […]
14 hotels under construction in Macau in Q3

14 hotels under construction in Macau in Q3

A total of 14 hotel projects were under construction during the third quarter of the year, expected to bring 5,606 new hotel rooms to the MSAR, according to the official data from the Land, Public Works and Transport Bureau (DSSOPT). These new hotel projects occupy a total of 512,316 square metres. Of the total, three […]
Macau’s economy begins significant transition, IMF says

Macau’s economy begins significant transition, IMF says

Macau’s economy has begun a process of “significant transition”, and the government has used the opportunity to adopt a less volatile economic model and more sustainable funding sources, said the International Monetary Fund (IMF), in a statement in Washington. The IMF mission that was in the territory from 3 to 4 November, which will produce […]
Traffic jams during Macau Grand Prix 1st day

Traffic jams during Macau Grand Prix 1st day

There were traffic jams and “slow moving traffic” on the northern part of the peninsula on Thursday morning, the first day of the annual Macau Grand Prix, which ends on Sunday, the Public Security Police (PSP) said in a statement. According to the statement, during the 8:30 a.m. to 10 a.m. rush hour the traffic […]
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