Macau

Macau International Airport sets passenger record in 2018

4 January 2019

Macau International Airport received about 8.26 million passengers in 2018, a year-on-year increase of 15.0% and a new record, the Macau Airport Company (CAM) said in a statement.

Macau posts trade deficit of US$8.882 billion from January to November

3 January 2019

The trade deficit of Macau in the period from January to November 2018 increased by 23.35% to 71.058 billion patacas (US$8.882 billion), according to the Statistics and Census Bureau.

Macau casino revenues grow 14% in 2018

2 January 2019

Gaming and gambling revenues in Macau in 2018 grew by 14% to 302.846 billion patacas (US$37.6 billion), according to official data released by the Macau Gaming Inspection and Coordination Bureau (DICJ).

Guangdong-Macau Industrial Cooperation Park open to new investments

31 December 2018

The Macau Trade and Investment Promotion Institute (IPIM) and the Hengqin New Area Management Council announced that from Monday they are accepting applications for investment projects for an area of 2.57 square kilometres of the Guangdong-Macau Industrial Cooperation Park.

Macau’s Gross National Income reaches US$46.62 billion in 2017

28 December 2018

Gross National Income (GNI) at current prices in Macau reached 372.96 billion patacas (US$46.620 billion) in 2017, an increase of 10.3% compared to the value reached in 2016, according to official information.

Macau receives 32.2 million visitors from January to November

27 December 2018

Macau received 32.2 million visitors in the period from January to November, an increase of 9.1% over the number recorded in the same period of 2017, according to the region's Statistics and Census Bureau.

Geocapital sells stake in Caixa Económica de Cabo Verde

27 December 2018

GeoCapital, Gestão de Participações, has decided to sell the 27.44% stake it held in Caixa Económica de Cabo Verde (CECV), the financial institution's chief executive said.

Monetary Authority of Macau raises discount base rate to 2.75%

21 December 2018

The Monetary Authority of Macau (AMCM) on Friday added 25 basis points to the discount rate raising it to 2.75%, the fourth review since the start of the year, the AMCM announced.

Mozambique can help traditional Chinese medicine companies enter African markets

19 December 2018

Mozambique could be a platform through which traditional Chinese medicine companies in the Guangdong, Hong Kong, Macau Greater Bay region could make a "soft landing" in Africa the Secretary for Economy and Finance of Macau said recently.

President of China recognises for Macau government action

18 December 2018

President Xi Jinping on Monday expressed his "full support" for the work carried out by the Chief Executive of Macau and the government he directs during the official working mission to Beijing by Chui Sai On.

Trade between China and Portuguese-speaking countries exceeds US$108 billion from January to September

17 December 2018

The value of trade between China and the Portuguese-speaking countries reached US$108.928 billion from January to September, a year-on-year increase of 21.22%, according to official Chinese data released by Forum Macau.

Jiangsu-Macau Cooperation Park takes Chief Executive Chui Sai On to Nanjing

13 December 2018

The joint construction of the "Jiangsu-Macau Cooperation Park" is an important milestone not only for economic diversification but also for long-term sustainable development in Macau, said the territory's Chief Executive.

Macau signs agreement in Beijing to strengthen its role in the Belt and Road initiative

7 December 2018

The agreement to support Macau's participation in the construction of the "Belt and Road" initiative was signed on Thursday in Beijing by Chief Executive Chui Sai On and the Director of the National Development and Reform Commission He Lifeng, the Chinese government spokesman said.

Fourth Macau-Taipa bridge will take four years to be designed and built

6 December 2018

The design and construction of the fourth Macau-Taipa sea bridge is expected to take about four years, according to the tender restricted by prior qualification issued by the Office for Infrastructure Development.

Macau’s economy to grow at real rate of 3.8% in 2018 – EIU

6 December 2018

Macau's economic growth forecast in the December report from the Economist Intelligence Unit (EIU) was revised down from the September report from 5.8% to 3.8% this year.

Delegation of Forum Macau visits trilateral project in Timor-Leste

5 December 2018

A Pacific-white shrimp mariculture project to be developed in Timor-Leste (East Timor) by Chinese company Yuan Long Ping High-Tech Agriculture Co. Ltd. has the capacity to produce 40 tonnes of shrimp per year, according to the Permanent Office of Forum Macau.

President of China starts two-day visit to Portugal on Tuesday

3 December 2018

Portugal is an important link between the Terrestrial Silk Road and the Maritime Silk Road and therefore a very important ally for China, Chinese President Xi Jinping wrote in a text published in the print edition of Portuguese newspaper Diário de Notícias.

Casinos earn US$3.119 billion in revenue in November

3 December 2018

The year-on-year change in gross revenue at Macau's casinos improved in November compared to October, rising 8.5% to 24.995 billion patacas (US$3.119 billion), according to official information.

Cabo Verde travel and tourism association considers opening office in Macau

3 December 2018

The Association of Travel and Tourism Agencies of Cabo Verde (AAVTCV) is considering opening a representative office in Macau, while also intending to move forward with a partnership with its local counterpart, the association said in a statement.

Macau economy expected to grow 4.9% in 2018/2019 – Economist

30 November 2018

Macau's economy is expected to post average growth of 4.9% in 2018/2019, by 5.8% this year and 3.9% in 2019, according to the latest report from the Economist Intelligence Unit.

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