Economy

Economy Turns Corner

Good news from the Statistics and Census Service. The city has experienced its first q-o-q growth in real GDP in over two years. Up 4 pct in Q3. Boosted by increased external demand.

Rebounds in the export of services and investment have led to the first quarter growth in real gross domestic product (GDP) in over two years, according to the most recent third quarter data from the

Going to East Timor

As the economy of Portuguese-speaking countries in Africa declines, Macau and Mainland China businessman look for business opportunities in East Timor

While the economy and trade falls in African Lusophone countries, East Timor is stepping up as the newest hot destination for investment by Macau and Mainland China companies looking to explore busine

Unequal funding

On average, female workers make less than their male colleagues

Female non-resident workers in the banking sector made only 66 per cent of what their male colleagues made in average earnings during the month of September, according to the most recent data from the

Inflation slowdown

The city’s inflation rate hit its lowest level since February 2010, slowing to 1.33 per cent y-o-y in October.

The city’s inflation rate slowed to 1.33 per cent year-on-year for October, the lowest rate recorded since February 2010, according to the latest official data released yesterday by the Statistics and

New financial institution set up in Macau

The MSAR government has approved the operation of a financial institution – GPAP Macau, S.A. – in the city, according to a dispatch released yesterday in the Official Gazette.

Peninsula-Zone A links to cost MOP305 mln

A new link connecting the city’s northern district and Zone A of the new urban reclamation area is to cost MOP305 million (US$38.1 million), yesterday’s Official Gazette indicated.

Cash handout

Despite the city undergoing an economic adjustment phase since 2014, the continual support and benefits for citizens from the government have been beneficial, notes the Director of Macau Development S

IMF: MSAR mid-term outlook strong

The Fund, visiting the MSAR for 12 days, agrees with the MSAR Government’s direction in diversifying the local economy

The International Monetary Fund (IMF) expects the city’s medium-term outlook to remain strong following the MSAR economy is moving towards less volatility, observed a press release by the Fund on Tues

Sitting upstream

Capital held by banks and the non-banking and real estate sectors flowed out of the MSAR during the first half of the year.

During the first half of the year, the city saw funds flow out from the MSAR as the total liquidity of patacas declined by MOP3.6 billion (US$45 million) down to MOP55.1 billion as at the end of June.

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