25 February 2016
The Macau Trade and Investment Promotion Institute (IPIM) attended the "Asia-Pacific Incentives and Meetings Expo 2016" (AIME 2016) which ended Wednesday in Melbourne, Australia, in order to attract more conventions and exhibitions from the Asia-Pacific region to Macau. The mission organised by IPIM, which since January has been responsible for coordination and external promotion of the Macau Convention and Exhibition industry, was headed by the executive member of the institute Va Kuan Lau institute and included officials from Macau's tourism, hotel, travel agency and operators and event managers.
24 February 2016
Annual inflation in Macau registered an annual increase of 3.81 percent in January, reversing the downward trend observed since May 2015, reported the Statistics and Census Bureau. Growth in January was driven mainly by a sharp rise in vegetable prices, the increase in the prices of meals bought outside the home, as well as house rents and car parks, the Bureau said.
23 February 2016
11 February 2016
The first stone of the tourism project in the islet of Santa Maria in Praia, the capital of Cabo Verde (Cape Verde), was laid Monday by Chinese businessman David Chow who is also consul of the archipelago in Macau, the Cape Verdean press reported. The Prime Minister of Cabo Verde, who attended the ceremony, said this project would make Cabo Verde reach a higher level of tourism, developing both tourism and other economic sectors and creating many jobs.
2 February 2016
Trade between Macau and the city of Zhongshan in 2015 increased 13.9 percent over the previous year and reached US$230 million, the Macau Trade and Investment Promotion Institute (IPIM) said Monday. The announcement was made after a meeting in Macau between a delegation from Zhongshan headed by the vice president of the Chinese municipality Yang Wen Long, the president and executive member of the IPIM, Jackson Chang and Glória Ung, respectively, to discuss bilateral cooperation agreements signed in 2015.
2 February 2016
Gross revenue from Macau casinos fell in January for the 20th consecutive month to 18.674 billion patacas (US$2.334 billion) a year on year fall of 21.4 percent, according to data released by the Gaming Inspection and Coordination Bureau (DICJ). Macau casinos closed 2015 with gross revenues of 230.840 billion patacas (US$28.855 billion), a figure that represented a contraction of 34.3 percent compared to 2014, when it totalled 351.521 billion patacas (US$43.94 billion).
1 February 2016
Macau ended 2015 with a trade deficit of 73.971 billion patacas (US$9.246 billion), which was an improvement of 7.6% against the deficit of 80.037 billion patacas recorded in 2014, reported the Statistics and Census Bureau. The trade deficit recorded last year was due to the fact that exports increased by 7.8 percent to 10.692 billion patacas and imports fell 5.9 percent to 84.663 billion patacas.
29 January 2016
29 January 2016
The Macau Trade and Investment Promotion Institute (IPIM) wants all of China to be aware of products from Portuguese-speaking countries, said Glória Batalha Ung. The executive member of IPIM told local Portuguese-language newspaper Tribuna de Macau that contacts are ongoing with China exhibition centres to sign protocols with a view to promoting food products from Portuguese-speaking countries in various Chinese provinces.
27 January 2016
The president of the Macau International Airport Company (CAM), Ma Iao Hang, said he expects to receive 5.95 million passengers in 2016 which is a 2.1 percent increase compared to 2015 when the airport handled 5.83 million passengers. Cargo also increased in 2015 by about 4.49 percent reaching over 30,000 tons
25 January 2016
22 January 2016
The Macau Trade and Investment Promotion Institute (IPIM) announced it plans to set up an exhibition of food products from Portuguese-speaking countries in Fuzhou, the capital of Fujian Province, located in southern China. The exhibition, which will be part of IPIM's representation in Fuzhou, features over 20 food products including wine, coffee, canned goods and olive oil.
22 January 2016
Macau's inflation rate in 2015 was 4.56 percent, the lowest since 2010, according to data released by the Macau Statistics and Census Service (DSEC). In 2014, the inflation rate was 6.05 percent, against 5.50 percent in 2013, 6.11 percent in 2012 and 5.81 percent in 2011, thus the 2015 figures is the lowest since 2010, when it stood at 2.81 percent.
21 January 2016
20 January 2016
The people of Macau still have a positive attitude, even at a time when the territory is going through a period of economic adjustment, said the Secretary for Economy and Finance in recent statements to Exmoo News. "When the economy was growing, rents of office and retail businesses grew at an equally fast pace, so there were no conditions to develop some sectors, but now that economic growth has slowed I think conditions are in place so that development can take place" said Lionel Leong Vai Tac.
4 January 2016
Gaming in Macau declined for the second consecutive year in terms of gross revenues, with a downturn of 34.3 percent to 230.840 billion patacas (US$28.855 billion), according to official figures. A year earlier, in 2014, the sum of gross revenues of gaming concession holders fell 2.6 pecent year on year to 351.521 billion patacas (US$43.94 billion), although the year on year negative change was only achieved in December of that year, as monthly accumulated figures had been positive until then.