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.
25 April 2016
Macau received 7.45 million visitors during the first quarter of the year, an annual increase of 0.6 percent, reported the Statistics and Census Bureau. The number of visitors from mainland China (4.94 million) fell 1.7 percent but those from South Korea (173,900), Hong Kong (1.55 million) and Taiwan (250,800) increased 3.1 percent, 3.6 percent and 11.6 percent, respectively, in the first three months of the year.
22 April 2016
The Macau inflation rate reached 4.21 percent in the 12 months ending in March compared to the previous 12 months, according to data made public by the Statistics and Census Bureau (SEC). The Consumer Price Index (CPI) rose 4.21 percent, driven mainly by increases in alcohol and tobacco prices (+26.85 percent), education (+6.43 percent) and housing and fuels (+6.09 percent).
14 April 2016
The Macau economy is expected to grow again in 2017, at a rate of 0.7 percent, after contracting 7.2 percent this year. This year's contraction is already lower than in 2015 when it totalled 20.3 percent, according to the latest forecasts from the International Monetary Fund (IMF). The IMF, which for the first time includes in its "World Economic Outlook" economic forecasts for Macau, is more conservative than the Economist Intelligence Unit (EIU), which in March projected real economic growth for Macau in 2017 of 4.6 percent.
12 April 2016
8 April 2016
A delegation from Macau is due to attend a meeting between businesspeople from China and the Portuguese-speaking countries - "Guinea-Bissau in 2016" - taking place on 9 and 10 April in Bissau, said the Macau Institute for Trade and Investment Promotion (IPIM). IPIM, which organised the Macau delegation, reported that the delegation took part Thursday in the "Business Opportunities Forum between China, Portugal and the Macau Special Administrative Region," held in the Portuguese capital, Lisbon.
5 April 2016
Guinea-Bissau will receive 150 official and business delegations for a meeting in Bissau of businesspeople from China and the Community of Portuguese-speaking Countries, the coordinator of the meeting's technical office said recently. Giving an update on preparations for the meeting, coordinator Bruno Jauad gave assurances that "everything is ready" to welcome the delegations to Bissau on 9, 10 and 11 April.
5 April 2016
Gross revenues from gaming and gambling in Macau in March fell for the 22nd consecutive month by registering a year on year change of -16.3 percent to 17.981 billion patacas (US$2.247 billion), according to official figures. The figures reported by the Gaming Inspection and Coordination Bureau (DICJ) showed that gross revenues started falling in January 2014, with a drop of 3.7 percent. Since then that downward trend has continued.
1 April 2016
The inauguration of the Exhibition Centre for Food from Portuguese Speaking Countries is the continuation of the work that the Macau government has been developing in the relationship between China and the Portuguese-speaking countries, the executive member of IPIM Glória Batalha Ung, said Thursday. "From now on entrepreneurs who want to find out about products from Portuguese-speaking countries can come here to the Exhibition Centre or our electronic portal," added the executive member of the Macau Institute for Trade and Investment Promotion (IPIM) according to local Portuguese-language newspaper Tribuna de Macau.
1 April 2016
Macau recorded a trade deficit of 10.181 billion patacas (US$1.272 billion) in January and February, a 24.1 percent improvement against the deficit recorded in the same period of 2015, reported the region's Statistics and Census Bureau. The deficit registered in the first two months of 2016 was due to the fact that exports grew 2.1 percent to 1.682 billion patacas and imports fell by 21.2 percent to 11.864 billion patacas.
30 March 2016
29 March 2016
Macau should return to economic growth in 2017, the year in which, according to experts from the Economist Intelligence Unit (EIU) there will be a return to positive values with a real rate of 4.6 percent, according to the latest report on the territory. This positive growth rate occurs after three consecutive years of negative growth, of minus 0.9 percent in 2014, minus 20.3 percent in 2015 and a forecast for this year of minus 2.7 percent.