Macau

AICEP Portugal Global appoints new delegate to Macau

10 January 2019

AICEP Portugal Global has named Maria Carolina Lousinha as the new delegate in Macau, an AICEP source told Macauhub in Lisbon.

Macau Light Railway extends out to Coloane Island

9 January 2019

The public tender for the construction of the Seac Pai Van section of the future Macau light railway will be launched in the first quarter of this year, the Transportation Infrastructure Office (GIT) announced on Tuesday.

Chui Sai On calls for “One country, two systems” principle for Taiwan reunification

8 January 2019

Macau will maintain its role in exchanges between the two sides of the Taiwan Strait, the Chief Executive said on Monday.

Macau Chief Executive conveys the spirit of a speech by the President of China

7 January 2019

The spirit of President Xi Jinping's speech on the 40th anniversary of the reform and opening up of China was conveyed on Friday by the Chief Executive of Macau to the territory's senior administration, according to official information.

Macau International Airport sets passenger record in 2018

4 January 2019

Macau International Airport received about 8.26 million passengers in 2018, a year-on-year increase of 15.0% and a new record, the Macau Airport Company (CAM) said in a statement.

Macau posts trade deficit of US$8.882 billion from January to November

3 January 2019

The trade deficit of Macau in the period from January to November 2018 increased by 23.35% to 71.058 billion patacas (US$8.882 billion), according to the Statistics and Census Bureau.

Macau casino revenues grow 14% in 2018

2 January 2019

Gaming and gambling revenues in Macau in 2018 grew by 14% to 302.846 billion patacas (US$37.6 billion), according to official data released by the Macau Gaming Inspection and Coordination Bureau (DICJ).

Guangdong-Macau Industrial Cooperation Park open to new investments

31 December 2018

The Macau Trade and Investment Promotion Institute (IPIM) and the Hengqin New Area Management Council announced that from Monday they are accepting applications for investment projects for an area of 2.57 square kilometres of the Guangdong-Macau Industrial Cooperation Park.

Macau’s Gross National Income reaches US$46.62 billion in 2017

28 December 2018

Gross National Income (GNI) at current prices in Macau reached 372.96 billion patacas (US$46.620 billion) in 2017, an increase of 10.3% compared to the value reached in 2016, according to official information.

Macau receives 32.2 million visitors from January to November

27 December 2018

Macau received 32.2 million visitors in the period from January to November, an increase of 9.1% over the number recorded in the same period of 2017, according to the region's Statistics and Census Bureau.

Geocapital sells stake in Caixa Económica de Cabo Verde

27 December 2018

GeoCapital, Gestão de Participações, has decided to sell the 27.44% stake it held in Caixa Económica de Cabo Verde (CECV), the financial institution's chief executive said.

Monetary Authority of Macau raises discount base rate to 2.75%

21 December 2018

The Monetary Authority of Macau (AMCM) on Friday added 25 basis points to the discount rate raising it to 2.75%, the fourth review since the start of the year, the AMCM announced.

Mozambique can help traditional Chinese medicine companies enter African markets

19 December 2018

Mozambique could be a platform through which traditional Chinese medicine companies in the Guangdong, Hong Kong, Macau Greater Bay region could make a "soft landing" in Africa the Secretary for Economy and Finance of Macau said recently.

President of China recognises for Macau government action

18 December 2018

President Xi Jinping on Monday expressed his "full support" for the work carried out by the Chief Executive of Macau and the government he directs during the official working mission to Beijing by Chui Sai On.

Trade between China and Portuguese-speaking countries exceeds US$108 billion from January to September

17 December 2018

The value of trade between China and the Portuguese-speaking countries reached US$108.928 billion from January to September, a year-on-year increase of 21.22%, according to official Chinese data released by Forum Macau.

Jiangsu-Macau Cooperation Park takes Chief Executive Chui Sai On to Nanjing

13 December 2018

The joint construction of the "Jiangsu-Macau Cooperation Park" is an important milestone not only for economic diversification but also for long-term sustainable development in Macau, said the territory's Chief Executive.

Macau signs agreement in Beijing to strengthen its role in the Belt and Road initiative

7 December 2018

The agreement to support Macau's participation in the construction of the "Belt and Road" initiative was signed on Thursday in Beijing by Chief Executive Chui Sai On and the Director of the National Development and Reform Commission He Lifeng, the Chinese government spokesman said.

Fourth Macau-Taipa bridge will take four years to be designed and built

6 December 2018

The design and construction of the fourth Macau-Taipa sea bridge is expected to take about four years, according to the tender restricted by prior qualification issued by the Office for Infrastructure Development.

Macau’s economy to grow at real rate of 3.8% in 2018 – EIU

6 December 2018

Macau's economic growth forecast in the December report from the Economist Intelligence Unit (EIU) was revised down from the September report from 5.8% to 3.8% this year.

Delegation of Forum Macau visits trilateral project in Timor-Leste

5 December 2018

A Pacific-white shrimp mariculture project to be developed in Timor-Leste (East Timor) by Chinese company Yuan Long Ping High-Tech Agriculture Co. Ltd. has the capacity to produce 40 tonnes of shrimp per year, according to the Permanent Office of Forum Macau.

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