Economy

Keeping the balance

The total trade of external merchandise in the first nine months of this year increased by 6 per cent to MOP63.03 billion, with the trade deficit decreasing 4.3 per cent yearly to MOP45.90 billion

The total amount of merchandise imported to Macau in September went up by 16.5 per cent year-on-year to reach MOP7.23 billion (US$899,09 million) in September, according to the latest information rele

Diversify and conquer

If more diversification in the tourism offer is seen in the MSAR in future the percentage of GDP created by travel and tourism in the city could reach US$27.2 billion by 2026

The tourism and travel sector could represent 37.6 per cent of Macau’s total gross domestic product (GDP) in 2026, amounting to around US$27.2 billion (MOP218.65 million) according to a study conducte

Typhoon upsets restaurant performance in August

The proportion of local restaurants and similar establishments that reported a year-on-year growth in receipts in the month of August when Typhoon Hato hit, dropped by 8 percentage points month-on-mon

Back on the rise

Visitor numbers in September went up 2.4 per cent year-on-year to reach 2.48 million, after the passage of Typhoon Hato in August caused a slight drop

The total number of visitors to the MSAR reached 2.48 million in the month of September, representing a 2.4 per cent increase year-on-year, according to the latest data released by the Statistics and

Key entity for local firms going global makes progress

A protocol to create an Export Credit Agency supporting companies seeking to operate in Portuguese-speaking countries is to be inked today by Portuguese credit insurance company COSEC and the Moneta

Portuguese credit insurance company COSEC - Companhia de Seguro de Créditos S.A.

House for startups

A Youth Innovation and Entrepreneurship Centre of China and Portuguese-speaking Countries will be included in a new startup incubation centre being developed in the Nape District, occupying 1,300 squa

The new Youth Innovation and Entrepreneurship Centre of China and Portuguese-speaking Countries will be located in a new space to be provided to the Macau Young Entrepreneur Incubation Centre (CINJ),

Positive turnaround in Sino-Luso trade

In the first eight months of this year Sino-Luso trade increased by 30.2 per cent yearly, reaching US$78.42 billion

Merchandise trade between Mainland China and Portuguese-speaking countries reached US$78.42 billion from January to August of this year, representing a 30.2 per cent increase year-on-year, according t

Pricier visits

The Tourist Price Index (TPI) increased by 2.17 per cent year-on-year in the third quarter, with the highest increases registered in average prices for Accommodation and Restaurant Services

Dearer prices for local food products, rising taxi fares and increasing charges for hotel accommodation and restaurant services led to an increase in the Tourist Price Index (TPI) for the third quarte

Tax compliance index launched, Hengqin scores 84.99

The pilot free trade zone of Zhuhai - Hengqin New Area – has launched a tax compliance index, the first system in Mainland China that performs quantitative analysis on the level of compliance of taxpa

Achieving positivity

Estimates for Macau’s economic growth have been raised by the International Monetary Fund to 13.4 per cent this year and 7 per cent in 2018

The International Monetary Fund (IMF) has increased its estimates for the MSAR’s economic growth in 2017 and 2018 in its most recent World Economic Outlook report.

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