4 July 2016
Gross revenues from casinos from the mass market represented 53.1 percent of the total in the first half of 2016, an increase of 10 percentage points compared to 43.1 percent in the same period of 2015, according to the Office of the Secretary for Economy and Finance. In a statement the Office also reported that the gross revenue of the VIP market, in turn, fell 17.3 percent year on year in the first half, while the mass market contracted by just 3.6 percent.
1 July 2016
Agriculture, fishing, tourism and mining are priority areas where Chinese companies can invest in Guinea-Bissau, said Thursday in Macau a delegate of Macau Forum from the West African country. Malam Becker Camara also said during a seminar on Guinea-Bissau organised by the Macau Trade and Investment Promotion Institute (IPIM) jointly with the Permanent Office of the Forum for Economic and Trade Cooperation between China and Portuguese Speaking Countries (Macau), the Macau platform can help with the internationalisation of products from their country.
1 July 2016
The bridge connecting Zhuhai, Macau and Hong Kong is ready to receive the pavement layer following completion of its deck Wednesday with the placement of the last span, English-language newspaper China Daily reported. The newspaper reported "there are still many challenges ahead before the project is completed," including a 6.7-kilometre undersea tunnel, whose construction difficulties have caused delays.
30 June 2016
Macau's trade deficit from January to May reached 23.754 billion patacas (US$2.969 billion), an improvement of 24.6 percent year on year, reported the Statistics and Census Bureau. In the same period of 2015, the trade deficit in Macau amounted to 31.512 billion patacas (US$3.939 billion), as a result of exports of 4.526 billion patacas and imports of 36.038 billion patacas.
24 June 2016
Macau received over 12.4 million visitors from January to May, a number that represents a marginal drop of 0.8 percent over the same period of 2015, reported the Statistics and Census Bureau. The number of visitors from mainland China (8.2 million) and Hong Kong (2.5 million) dropped 1.5 percent and 3.2 percent, respectively, in annual terms, but visitors from South Korea (265,600) and Taiwan (424,400) increased 1.3 percent and 10.2 percent, respectively.
22 June 2016
China's Guangdong province plans to make use of the specific adavantages Macau ahs to offer as a platform between China and the Portuguese-speaking countries, the governor of the province, Zhu Xiaodan, said Tuesday in Macau. During the 2016 Guangdong-Macau Joint Cooperation Conference Zhu also said that there were plans to support companies from both regions to invest in countries in the "One Belt, One Road" route and to increase cooperation in the Guangdong and Macau international tourism industry.
22 June 2016
Consumer prices in Macau in May continued to slow, with year on year inflation at a rate of 1.64 percent, or 38 basis points less than in April, said the region's Statistics and Census Bureau (DSEC). A chart provided by DSEC in the statement on May's CPI shows that the general index has been falling since May 2015, when inflation totalled 5.5 percent.
20 June 2016
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.