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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 […]
Tourist arrivals in Macau increase in September

Tourist arrivals in Macau increase in September

Tourist arrivals totaled 2,427,086 in September, a slight increase of 0.5 per cent sterdayar-on-year. According to information from the Statistics and Census Service (DSEC), overnight visitors rose by 11.8 per cent year- on-year to 1,311,533, accounting for 54 per cent of the total. Same-day visitors dropped by 10.2 per cent to 1,115,553. The average length […]
Macau creates cooperation park with Changzhou in Chinese province of Jiangsu

Macau creates cooperation park with Changzhou in Chinese province of Jiangsu

The Chinese city of Changzhou will house the Jiangsu-Macau cooperation park, according to a memorandum signed on Friday by the Chief Executive of Macau, Chui Sai On and the governor of Jiangsu Province, Shi Taifeng. The Chief Executive said that the Government of Macau will take advantage of the valuable experience of Jiangsu in international […]
Consulate General of Mozambique in Macau launches website

Consulate General of Mozambique in Macau launches website

The Consulate General of Mozambique in Macau has just launched its website at http://www.mozconsulate-macau.org.mo with information about issuing documents, including visas, and the main legislations of the country. The new website also includes daily economic information and pictures of Mozambique and Macau. The launch of the website coincides with the presence in Macau of Prime Minister […]
Macau’s GDP to drop 4.7% this year

Macau’s GDP to drop 4.7% this year

Macau’s gross domestic product will drop 4.7 per cent in real terms this year, the International Monetary Fund (IMF) predicts in its World Economic Outlook October 2016. The Macau Post Daily received the report from the Washington-based lender on Wednesday. In its April outlook, the fund had still forecast a negative GDP growth of 7.2 […]
Macau has nearly 2,300 eateries and bars

Macau has nearly 2,300 eateries and bars

Macau had 2,284 eateries and “watering holes” at the end of last year, 172 more than a year earlier, the Statistics and Census Bureau (DSEC) announced on Wednesday. According to the bureau, local-style cafés and congee and noodle shops accounted for 42 per cent of the total number of restaurants and other kinds of eating […]
Ian Coughlan appointed as president of Wynn Macau

Ian Coughlan appointed as president of Wynn Macau

Ian Coughlan was appointed as president of Wynn Macau, replacing Gamal Abdelaziz, who resigned, the Las Vegas-based company said Friday in a filing. Coughlan will be responsible for all operations and development at the Wynn Palace, as well as the Wynn Macau resort, the company said. The Palace opened on Aug. 22, and the part […]
Premier Li to arrive Macau for 3-day stay on Monday

Premier Li to arrive Macau for 3-day stay on Monday

Premier Li Keqiang will arrive for a three-day inspection tour of Macau on Monday, Xinhua said in a brief dispatch on Monday. It will be Li’s first official visit to Macau. The national newswire also said that during his stay Li will attend the opening ceremony of the 5th Ministerial Conference of the Forum for […]
Macau casino revenue grows for the second straight month

Macau casino revenue grows for the second straight month

Macau casino gaming revenue grew for the second straight month in September according to statistics released on Saturday from Macau’s Gaming Inspection and Coordination Bureau (DICJ). The figures released by the DICJ showed gross gaming revenue hitting MOP 18.4 billion (US $2.3 billion) in September, up 7.4 per cent from the same month last year. That followed […]
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