Macau

Multinational companies subject to new rules in Macau

21 January 2020

An administrative regulation called "Regulation of registration on the activities of the multinational enterprise group" shall enter into force on Sunday, 26 January in Macau, after the Executive Council recently concluded the discussion of the project, according to official information.

Mass-market baccarat makes gains on VIP baccarat in Macau

20 January 2020

VIP baccarat has been losing market share to mass market baccarat at casinos in Macau, although in 2019 it still provided a higher gross revenue, according to statistics on the various types of gambling released by the region's Gaming Inspection and Coordination Bureau.

Macau Tourism Office expects drop in the number of visitors in 2020

16 January 2020

Macau is expected to receive fewer visitors in 2020, with a projected drop of 3.0%, said on Tuesday the director of the Macau Government Tourism Office (MGTO), adding that in 2019 a new record of 39.4 million visitors had been set, an increase of 10.1% when compared with the number recorded a year before.

New forecast points to economic contraction of 3.7% for Macau in 2020

15 January 2020

Macau's economy is expected to experience a contraction of 3.7% in 2020, according to estimates prepared by the Economics Department of the University of Macau, published on Tuesday.

Macau’s Statistics and Census Bureau has a new website

14 January 2020

The Macau Statistics and Census Bureau (DSEC) since Monday has had a new website, with a new look and new functions, in order to improve user experience, the public body said.

Survey on the introduction of a tourist tax in Macau brings up differences between respondents

10 January 2020

A feasibility study on the levying of a tourist tax in Macau has shown differences among the respondents, with residents favourable to its introduction and tour operators against it, said the Macau Government Tourist Office (MGTO).

CTM signs memorandum of understanding with Angola Cables

9 January 2020

Macau telecommunications company CTM and Angola Cables recently signed a memorandum of understanding that aims to increase business opportunities between Macau, mainland China and the Portuguese-speaking countries, according to a statement released in Macau.

Secretary Lei Wai Nong optimistic about the economic development of Macau

6 January 2020

The Secretary for Economy and Finance of the Macau government expressed his optimism about the development of the territory’s economy, despite a drop in gross revenues in 2019 at casinos, the main local industry, in statements to the press on Friday.

Revenue at Macau casinos falls 3.4% in 2019

3 January 2020

Gross gaming and gambling revenues at Macau casinos in December recorded the biggest on year contraction in 2019, with a drop of 13.7% to 22.838 billion patacas (US$2.854 billion), said the region’s Gaming Inspection and Coordination Bureau.

Macau records 39.4 million visitors in 2019

3 January 2020

Macau welcomed 39.4 million visitors in 2019, an increase of 10% compared with 2018, when 35.8 million people visited the territory, according to a statement from Public Security Police.

Macau Chief Executive intends to reform public administration

2 January 2020

The Chief Executive of Macau, Ho Iat Seng, said in his New Year's Message to the people of Macau, that the government will implement the guidelines given by President Xi Jinping on his visit to Macau in order to respond to the aspirations of the people.

Macau had 240,000 registered vehicles in November

31 December 2019

At the end of November 2019, Macau had more than 240,000 vehicles registered, with a slight growth of 0.4% compared with the end of the same month of 2018, the region’s Statistics and Census Bureau said.

Macau’s Gross National Income in 2018 totals US$50.7 billion

30 December 2019

Macau's Gross National Income (GNI) totalled 406.02 billion patacas (US$50.7 billion) in 2018, and per capita income was 614,950 patacas (US$76,868), the region's Statistics and Census Bureau said.

Maritime transport loses importance in the connection between Hong Kong and Macau

27 December 2019

The number of visitors who arrived in Macau in November by sea, approximately 413,700, represented a decline of 39.0% year-on-year, said Statistics and Census Bureau.

Macau Chief Executive visits Guangzhou and Zhuhai to boost cooperation

26 December 2019

Macau Chief Executive Ho Iat Seng said, during a visit to the neighbouring province of Guangdong, that cooperation with Zhuhai in the joint promotion of Hengqin Island, in order to increase the space for growth and inject new dynamism to the development of Macau, is one of the long-term objectives of his government.

Establishment of Forum Macau has allowed for exponential growth of trade between the member countries

26 December 2019

The value of trade between China and the Portuguese-speaking countries has increased 12-fold since the creation of the Forum for Economic and trade cooperation between China and the Portuguese-speaking Countries (Macau), in 2003, said the secretary-general of the Permanent Office, Xu Yingzhen, in statements to the Tribuna de Macau newspaper.

President Xi Jinping says that “one country” is a premise and pre-condition of “two systems”

20 December 2019

President Xi Jinping on Friday that the population of Macau recognises that "one country" is the premise and pre-condition for "two systems", respecting the socialist system adopted in the country and correctly dealing with relations with the central authorities.

Ho Iat Seng pledges to strengthen the application of “one country, two systems” principle in Macau

20 December 2019

The Chief Executive of the 5th Government of the Macau Special Administrative Region (SAR), Ho Iat Seng, gave assurances on Friday that he would continue to apply the "one country, two systems" policy, to comply with the Constitution and the Basic Law, to defend the interests of national development and to promote the social and economic development of Macau.

President Xi Jinping praises the economic and social achievements of Macau

20 December 2019

The President of China, Xi Jinping, on Thursday during a reception given on the occasion of his visit to Macau, praised the economic and social achievements of the Special Administrative Region in the last 20 years, which have enabled "rapid and robust development" in Macau and a substantial improvement in the well-being of its population.

Trade between China and Portuguese-speaking countries exceeds US$108 billion in the first nine months

20 December 2019

The value of trade between China and the Portuguese-speaking countries remained practically unchanged year-on-year from January to September 2019, rising by 0.05% to US$108.984 billion, according to official Chinese figures released by Forum Macau.

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