20 June 2016
European companies have every advantage in continuing to use Macau as a services platform for economic and trade cooperation with China and the Portuguese-speaking countries, said in Brussels the president of the Macau Trade and Investment Promotion Institute (IPIM). In Brussels as part of the delegation of the "9+2 Group" currently visiting Belgium and Portugal, the assistant advisor to the Commission for Development and Reform of Guangdong province, Wei Jizhang suggested creating a fund for cooperation with the Pan-Pearl River Delta Region (9+2) which could be based on the model of the European Union's Cooperation Fund.
7 June 2016
3 June 2016
3 June 2016
Macau can support Chinese companies that want to expand business in the Portuguese-speaking countries and markets throughout the "One Belt, One Road,", strategy said Thursday the president of the Macau Trade and Investment Promotion Institute (IPIM). Jackson Cheong also said that Macau can make use of its advantages to help the countries that are part of the "One Belt, One Road" strategy by providing cooperation services between the industrial and financial sectors and characteristic financial services as well as by assisting the companies from inland China to enter world and Portuguese-speaking markets.
2 June 2016
Gross revenue from Macau casinos fell in May for the 24th consecutive month and stood at 18.389 billion patacas (US$2.298 billion), an annual contraction of 9.6 percent, according to the Gaming Inspection and Coordination Bureau (DICJ). Accumulated revenues from January to May reached 91.906 billion patacas (US$11.488 billion), which represents a decrease of 11.9 percent when compared to the amount recorded in the same period of 2015.
1 June 2016
The agreement on trade in services between mainland China and Macau, which came into effect on Wednesday, 1 June, will allow companies from 153 areas of activity to offer their services in the interior of China. The document, which is an extension of the Closer Economic and Trade Partnership Arrangement between China and Macau (CEPA) was signed in November 2015 by interim Chief Executive and the Secretary for Economy and Finance, Leong Vai Tac and the Deputy Trade Minister, Wang Shouwen.
1 June 2016
Macau's balance of trade deficit from January to April showed a 23.9 percent year-on-year decrease to 19.331 billion patacas (US$2.416 million), reported the Statistics and Census Bureau. The data available on the Bureau's website shows that the trade deficit in the same period of 2015 amounted to 25.451 billion patacas.
31 May 2016
A Macau delegation is concluding a three-day visit to Cambodia that began in Phnom Penh with a meeting with the President of the Senate, said the Macau Government Information Bureau. The vice president of the Chinese People's Political Consultative Conference and former Chief Executive Edmund Ho, and the Secretary for Social Affairs and Culture Alexis Tam, also met up with the Cambodian Prime Minister Hun Sen, to whom they expressed willingness to strengthen bilateral exchanges.
31 May 2016
Macau's economy experienced a real contraction of 13.3 percent in the first quarter of 2016 due to a continued decline in exports of services and the reduction of investment, reported the Statistics and Census Bureau. In addition to a decline of 17.1 percent in exports of gaming services, domestic demand weakened, having registered decreases of 2.3 percent, 31.4 percent and 19.9 percent in private consumption, investment and in imports of goods, respectively.
30 May 2016
25 May 2016
Annual inflation in Macau was 3.02 percent in April, which was due to the increased income from parking, meals bought outside the home, cars and tobacco, reported the Statistics and Census Bureau. The price increase in April was lower than that recorded a month earlier, when it stood at 3.31 percent, after a peak of 4.0 percent in February.
24 May 2016
Macau received 9.92 million visitors from January to April, a number that represents a marginal decrease of 0.3 percent over the same period of 2015, reported the Statistics and Census Bureau. The number of visitors from mainland China (6.59 million) and Hong Kong (2.04 million) dropped 1.0 percent and 3.0 percent in annual terms, but South Korea (217,580) and Taiwan (343,010) rose 3.7 percent and 11.1 percent, respectively.
23 May 2016
The President of the Macau Trade and Investment Promotion Institute (IPIM) opened a centre for exhibition and trade of food products from Portuguese-speaking countries, in the city of Chongqing, China, IPIM said. Chongqing is one of the largest municipalities in China with an area of 82,000 square kilometres, a population of 30 million people (18 million in the capital city) and in 2014 recorded a Gross Domestic Product of US$232 billion.
23 May 2016
Macau and the Portuguese-speaking countries can benefit from the Chinese "One Belt, ONe Road" (OBOR) initiative, according to specialists and academics who met Friday at a conference held in Macau. Organised by the City University of Macau, the Institute of European Studies of Macao (IEEM) and the Macao Association of the Maritime Silk Road, the conference was intended to discuss the implications of OBOR, particularly in terms of investment opportunities in Portuguese-speaking countries and the role of Macau in the initiative.
13 May 2016
11 May 2016
Macau's population totalled 649,100 people at the end of March 2016, a real increase of 2,300 people compared to the fourth quarter of 2015, the Statistics and Census Bureau reported. At the end of the first quarter there were 181,400 non-resident workers in Macau, a decrease of 210 individuals from the previous quarter.
3 May 2016
3 May 2016
3 May 2016
Gross gaming revenue in Macau's casino in April fell for the 23rd consecutive month to 17.341 billion patacas (US$2.167 billion), said the Gaming Inspection and Coordination Bureau (DICJ). In April, which continued the contraction that began in June 2014, gross revenue contracted by 9.5 percent in monthly terms.
27 April 2016
In 2015 the Banco Nacional Ultramarino (BNU) bank posted a net profit of 510.3 million patacas (US$65.3 million), or an increase of 15.1 percent compared to 443.3 million patacas recorded in 2014, the bank said. Loans to customers increased by 21.6 percent, with the main drivers of growth being loans to retail customers and small and medium-sized enterprises and deposits registered an increase of 21.6 percent, mainly as a result of an increase in deposits of retail customers, companies and institutions.