Macau

Macau joins the Kimberley Process Certification System

16 October 2018

The Macau Secretary for Economy and Finance, Leong Vai Tac, signed an agreement on Monday in Beijing with the Director of the General Administration of Customs of China, Ni Yuefeng, to support Macau in the Application of the Kimberley Certification Process.

FDI in Macau falls by 80% in 2017

15 October 2018

Direct foreign investment in Macau in 2017 stood at 3.01 billion patacas (US$375 million), down 79.9% from 2016, according to data from the Macau Statistics and Census Service (DSEC).

IMF revises forecast for Macau’s economic growth in 2018 down to 6.3%

10 October 2018

The International Monetary Fund (IMF) has revised its forecast for Macau's economic growth downwards to 6.3%, according to the Fall World Economic Outlook, published recently.

‘Golden Week’ brings more than 890,000 visitors to Macau

9 October 2018

Macau received more than 890,000 visitors from 1 to 7 October, during the so-called Golden Week to mark the 1 October, the National Day of the People's Republic of China, the Macau Government Tourist Office (MGTO) reported.

Chief Executive authorises creation of Macau Development Bank

4 October 2018

Macau's Chief Executive has authorised the establishment and operation of the Macao Development Bank, called in Chinese 澳門發展銀行股份有限公司 and Banco de Desenvolvimento de Macau in Portuguese, according to the region's Official Gazette.

Trade between China and Portuguese-speaking countries exceeds US$82 billion from January to July

3 October 2018

Trade between China and the Portuguese-speaking countries grew 21.50% on year from January to July 2018 to reach US$82.149 billion, according to official Chinese figures released by Forum Macau.

Gross revenue at Macau’s casinos grows just 2.8% in September

3 October 2018

Punters spent 21.92 billion patacas (US$2.744 billion) in Macau's casinos in September, an increase of 2.8% year-on-year, according to the Macau Gaming Inspection and Coordination Bureau.

Macau posts trade deficit of US$6,281 million from January to August

28 September 2018

Macau posted a deficit of 50.251 billion patacas (US$6.281 billion) in its trade balance from January to August 2018, a year-on-year increase of 27.0%, the Statistics and Census Bureau reported.

China and Portuguese-speaking countries should take advantage of Macau platform, says secretary general of Forum Macau

27 September 2018

China and the Portuguese-speaking countries should take full advantage of the Macau platform, said the Secretary-General of the Permanent Secretariat of Forum Macau, who called for cooperation in the area of traditional Chinese medicine.

Guinea Bissau opens honorary consulate in Macau

26 September 2018

On Monday Guinea Bissau opened an honorary consulate in Macau whose facilities were inaugurated in a ceremony attended by Chief Executive Chui Sai On, the local press reported.

EIU expects Macau economy to grow at an average rate of 4.9% in 2018/2019

21 September 2018

The average growth rate of Macau's economy is expected to be 4.9% in 2018/2019, with growth this year of 5.8%,slowing the following year to 3.9%, the Economist Intelligence Unit (EIU) said.

Trade between China and Portuguese-speaking countries grows 21.50% from January to July

20 September 2018

Trade between China and Portuguese-speaking countries reached US$82.49 million from January to July 2018, a year-on-year increase of 21.50%, according to official Chinese figures released by Forum Macau.

PLPEX 2018, in Macau, has a bigger area and more exhibitors

20 September 2018

The area dedicated to this year's edition of the Exhibition of Products and Services of Portuguese-speaking Countries (Macau), or PLPEX 2018, has been increased to 6,000 square metres, the Macau Trade and Investment Promotion Institute (IPIM) announced.

Zhejiang’s experience in the maritime economy is important to Macau

19 September 2018

Macau will be able to take advantage of Zhejiang province's experience in the maritime economy in order to improve the management and development of the sector, said the Macau Chief Executive during a meeting in the special administrative region with the secretary of the Hangzhou Municipal Committee of the Chinese Communist Party, Zhou Jiangyong.

23rd Macau International Fair runs from 18 to 20 October 2018

14 September 2018

The 23rd Macau International Fair (23rd MIF) will be held from 18 to 20 October, this year presenting Mozambique as partner country and Fujian as partner province, the Macau Trade and Investment Promotion Institute (IPIM) said.

Macau and Fujian call for strengthening cooperation during a forum in Xiamen

11 September 2018

Trade cooperation between China and the Portuguese-speaking countries and the opportunities that Macau has created for business and partnerships should be harnessed and exploited jointly, the president of the Macau Trade and Investment Promotion Institute (IPIM) said in Xiamen.

Gaming companies in Macau get an operating income of US$19.14 billion in 2017

11 September 2018

The 10 gaming and gambling companies in Macau posted total operating income of 153.12 billion patacas (US$19.14 billion) in 2017, according to the region's Statistics and Census Bureau.

Macau to strengthen platform role in Guangdong-Hong Kong-Macau Greater Bay

6 September 2018

Macau's Secretary for Economy and Finance Leong Vai Tac said on Wednesday in Guangzhou that, under the Guangdong-Hong Kong-Macau Greater Bay project, the administrative region will strengthen its role as a "World Centre for Tourism and Leisure" and drive initiatives related to the "Services Platform for Trade Cooperation between China and the Portuguese-Speaking Countries."

Companies from Portuguese-speaking countries participate in a forum on traditional Chinese medicine

6 September 2018

Business leaders from Portuguese-speaking countries are among the 400 professionals participating in the 2018 Traditional Medicine International Cooperation Forum (Macau) on 20 and 21 September, the event's organisers said.

Macau plans to help Portuguese-speaking SMEs to enter the Chinese market

5 September 2018

The Macau government is committed to playing the role of a platform to increasingly help small and medium-sized enterprises in Portuguese-speaking countries enter the Chinese market, the Secretary for Economy and Finance said on Tuesday at a meeting with leaders of the provinces of Jiangxi and Sichuan.

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