Macau

Government of Macau continues to support SMEs affected by typhoon Hato

20 September 2017

Short-term, medium-term and long-term support for small and medium-sized enterprises affected by typhoon Hato in Macau continues in different phases, said the Secretary for Economy and Finance Leong Vai Tac in Macau on Tuesday.

Macau insurers estimate losses of US$362.5 million from typhoon Hato

20 September 2017

The damage caused by typhoon Hato in Macau amounted to 2.9 billion patacas (US$362.5 million), according to estimates by insurance companies, the new chairman of the Monetary Authority of Macau said on Tuesday.

Air Asia plans to connect Macau to more Asian destinations

14 September 2017

Macau is Air Asia's top priority in the region, with the company planning to add five to six new routes per year from the territory, company CEO Tony Fernandes said on Wednesday.

Over 50 Angolan companies take part in Macau International Fair 2017

13 September 2017

More than 50 Angolan companies are taking part in the 22nd edition of the Macau International Fair (MIF), to be held from 19 to 21 October, the president of the Angolan Business Confederation (CEA) announced on Tuesday in Luanda.

Maritime Silk Road Association (Macau) and International Institute of Macau promote Chinese initiative

11 September 2017

The Maritime Silk Road Association (Macau) and the International Institute of Macau (IIM) have signed a cooperation protocol for actions related to the Chinese initiative to promote the 21st Century Maritime Silk Road.

Gambling in Macau brings in overall revenues of US$28.6 billion in 2016

11 September 2017

The global revenues of the 10 gaming and gambling companies in Macau in 2016 totalled 229.00 billion patacas (US$28.6 billion), a contraction of 1.8% compared to the figure recorded in 2015, the region's Statistics and Census Bureau (DSEC) said.

Typhoon “Hato” causes losses of US$1.425 billion in Macau

7 September 2017

Typhoon Hato's passage through Macau left losses estimated at 11.4 billion patacas (US$1.425 million), Economy and Finance Secretary Leong Vai Tac said on Wednesday.

Trade between China and Portuguese-speaking countries reaches US$67.615 billion from January to July

7 September 2017

The value of trade between China and Portuguese-speaking countries rose 31.29% year-on-year to US$67.615 billion in the January-July period, according to official Chinese data released by Forum Macau.

China’s Ambassador to Mozambique encourages Macau entrepreneurs to invest in the country

6 September 2017

China's ambassador to Mozambique, Su Jian, encouraged Macau entrepreneurs present at FACIM 2017 to invest in Mozambique and take advantage of existing business opportunities in that Portuguese-speaking African country, according to official information.

Trade between China and Portuguese-speaking countries grows 37% in the first half

6 September 2017

Trade between China and the Portuguese-speaking countries totalled US$57.358 million in the first half of the year, up 37.58% compared to the same period of last year, according to official Chinese figures released by Forum Macau.

Economist Rodrigo Brum takes office at Forum Macau

4 September 2017

Economist Rodrigo Brum took on the role of Deputy Secretary-General of the Permanent Secretariat of Forum Macau, appointed by the Portuguese-speaking countries, on 1 September.

7,000 companies affected by typhoon Hato request assistance

1 September 2017

By the end of August the Industrial and Commercial Development Fund had received 7,000 requests for support from micro, small and medium sized businesses affected by typhoon Hato, the Macau Economic Services Department (MES) announced.

Macau casinos with gross revenue of US$2.834 billion in August

1 September 2017

Macau’s casinos took in gross revenue of 22.676 billion patacas (US$2.8345 billion) in August, up 20.4 percent year-on-year, the Gaming Inspection and Coordination Bureau announced today.

Macau gov’t grants subsidies to companies affected by typhoon Hato

31 August 2017

Micro, small and medium sized businesses affected by typhoon Hato in Macau have already begun to receive a subsidy of 50,000 patacas (US$6,250) to help them resume activity as quickly as possible, the Macau Economic Services Department (MES) indicated.

11.5% real growth of Macau’s economy in second quarter

28 August 2017

Macau’s gross domestic product recorded real growth of 11.5 percent in the second quarter of the year, up from 10.3 percent in the first quarter, due to exports of services and private consumption spending, indicates the Statistics and Census Service.

Construction of the Commercial Cooperation Services Complex between China and Portuguese-speaking Countries begins this year

23 August 2017

Nine proposals were approved in the public tender for the contract to design and build the Service Complex for Commercial Cooperation between China and Portuguese-speaking Countries, according to the Land, Public Works and Transport Bureau.

Logistics channel between Macau and Nansha will help lace products from Portuguese-speaking countries

18 August 2017

The first batch of goods sold via cross-border e-commerce was transported to Nansha through the Lotus Flower Bridge border post in Macau, signaling the opening of the logistics channel between Macau and Nansha in the Guangzhou district, according to the Department of Economic Affairs (DSE).

Macau’s banking sector sees increase in international assets

17 August 2017

Macau's banking sector total international assets totalled 1.221 billion patacas (US$151.8 billion) at the end of the first half, or year-on-year growth of 4.5%, according to the Macau Monetary Authority (AMCM).

Annual budget to make Macau a “smart city” set at US$25 million

15 August 2017

The annual budget set aside for the project to make Macau a "smart city" has been set at 200 million patacas (US$25 million) for the coming years, according to an official statement released on Monday.

Air Macau continues pilot recruitment programme in South America and Europe

14 August 2017

Air Macau will continue in 2018 with the programme to recruit captains to fly Airbus 320 aircraft in South America and Europe, and the recruitment drive in Europe will take place in April of that year, the airline said in a statement sent to Macauhub.

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