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.