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Macau

Banco Nacional Ultramarino posts profit of 310.8 million patacas in the 1st half

9 August 2018
Macau's Banco Nacional Ultramarino (BNU) posted a profit of 310.8 million patacas (33.13 million euros) in the first half of 2018, down 3.15% from the amount recorded in the same period of 2017, according to official information.

There were over 1.24 million credit cards in Macau in the first half of 2018

8 August 2018
The number of personal credit cards issued by banks in Macau exceeded 1.24 million at the end of the first half, an increase of 2.2% and 10.4% compared to March 2018 and June 2017, respectively, the Monetary Authority of Macau (AMCM) said.

Macao’s financial system advised to refrain from dealing with virtual currency

7 August 2018
Macao’s banks and payment institutions have been informed that they should no longer directly or indirectly participate in or provide any financial services associated with virtual currency, the Macao Monetary Authority (AMCM) has announced.

Macau Government plans to explore and promote the development of maritime industries

6 August 2018
The Macau government intends to explore new hubs to sustain economic growth and promote the development of emerging maritime industries, which will give the territory and the "One Centre, One Platform," concept a new dynamic, said the Chief Executive.

Macau casino revenues grow 10.3% in July to US$3.165 billion

2 August 2018
Macau's gross casino revenues in July totalled 25.327 billion patacas (US$3.165 billion), which represents growth of 10.3% compared to a year earlier, according to the Macau Gaming Inspection and Coordination Bureau.

Exports and trade deficit in Macau increase in the first half

1 August 2018
Macau's exports rose by 10.2% year-on-year to 6.196 billion patacas in the first half, but imports increased 24.8% to 43.447 billion patacas, generating a trade deficit of 37.22 billion patacas (US$4.656 billion), according to the Macau Statistics and Census Bureau.

China’s cooperation with Portuguese-speaking countries important in Chinese foreign relations

31 July 2018
Cooperation between China and Portuguese-speaking countries is an integral and important part of China's foreign relations, said the Commissioner of the Chinese Foreign Ministry in Macau on a visit to Forum Macau.

Multilateral Convention on Mutual Assistance in Tax Matters enters into force in Macau on 1 September

31 July 2018
The Multilateral Convention on Mutual Assistance in Tax Matters enters into force in Macau on 1 September, under a declaration announced by the Chinese central government, the office of the Secretary for Economy and Finance of the Macau government said in a statement on Monday.

Macau Franchise Expo 2019 is scheduled for July

30 July 2018
The 2019 Macau Franchise Expo will be held simultaneously with the Guangdong and Macau Branded Products Fair 2019, from 26 to 28 July, according to the Macau Trade and Investment Promotion Institute (IPIM), which is one of the event's organisers.

BNU Macau was the largest contributor to CGD’s results in the first half

30 July 2018
Banco Nacional Ultramarino (BNU) Macau was the largest contributor in the international business area to the consolidated net income of Portuguese state bank Caixa Geral de Depósitos (CGD) in the first half of the year, providing 30.5 million euros, according to an unaudited report released on Friday in Lisbon.

Beijing Capital Airlines transports more than 80,000 people between Beijing and Lisbon

27 July 2018
The thrice-weekly direct air connection between Beijing and Lisbon transported more than 80,000 passengers during its first year of operation, marked on Thursday, Beijing Capital Airlines announced.

IPIM supports companies from São Tomé and Príncipe to take part in the 23rd Macau International Fair

26 July 2018
The Macau Trade and Investment Promotion Institute (IPIM) is prepared to support São Tomé and Príncipe companies to take part in the 23rd Macau International Trade Fair (MIF) and PLPEX, from 18 tto20 October, the Trade and Investment Promotion Agency (APCI) said on Wednesday in São Tomé.

Macau received 16.8 million visitors from January thru June

24 July 2018
Macau received 16.8 million visitors during the first half of the year, a number representing an increase of 8.0 percent year-on-year, the Statistics and Census services reports.

Macau prices up 2.75 percent in the first half-year

23 July 2018
Macau’s consumer price index (CPI) posted average growth of 2.75 percent in the first half of 2018, with growth of 2.99 percent in the second quarter, the Statistics and Census Service reports.

Guangdong and Macau branded products on display in the territory

17 July 2018
The Guangdong and Macau Branded Products Fair 2018 will be held from 27 to 29 July at the Venetian Macao, including trade, cultural exchange, shopping, leisure and entertainment, according to the Macau Trade and Investment Promotion Institute (IPIM).

6th Macau Ministerial Forum meeting postponed to 2020

16 July 2018
The sixth ministerial meeting of Forum Macau, which had been scheduled for 2019, will be delayed until 2020, according to diplomatic sources linked to the institution.

Food products from Portuguese-speaking countries showcased in Dongguan, China

13 July 2018
The Macau-Dongguan Economic and Trade Cooperation Forum and the Promotional Activity of Products from the Portuguese-speaking Countries - Dongguan were recently held in that city on the Pearl River Delta organised by the Macau Trade and Investment Promotion Institute (IPIM) and the Dongguan Trade Department, according to official information.

Portuguese-speaking countries should use Macau as a platform for Guangdong-Hong Kong-Macau Greater Bay

11 July 2018
The role of Macau as a platform between China and Portuguese-speaking countries under the Hong Kong-Hong Kong Greater Bay Area (GBA) initiative was championed by Chief Executive Chui Sai On at the end of a tour of the nine cities of the GBA.

Cabo Verde tourist resort of Macau entrepreneur due to be completed before 2021

11 July 2018
Construction of the integrated tourist complex of the island of Santa Maria will be completed before the end of the current term of office in 2021, José Gonçalves, the Minister of Maritime Economy, Tourism and Transport of Cabo Verde (Cape Verde) said on Tuesday in Praia.

China’s President due to visit Portugal in December

9 July 2018
The President of the People's Republic of China Xi Jinping is due to visit Portugal in early December, a few weeks before the start of the Year of China in Portugal and the Year of Portugal in China in 2019, the Portuguese Minister for Culture said on Friday in Macau.
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