Economy

Academics: MSAR-China-Luso financial co-operation important

Academics perceive that the co-operation of the city with Shanghai and Portuguese-speaking countries would help boost the development of the local financial markets.

The Monetary Authority of Macao (AMCM) and the Shanghai Financial Services Office (SFSO) jointly held a seminar on financial co-operation with Portuguese –speaking countries in Lisbon, Portugal on Tue

Inflation Hits 6-year Low

Inflation hit a new low of 1.65 pct y-o-y in August. The lowest since January 2010, DSEC data reveals.

Inflation hit a new low of 1.65 per cent year-on-year in the month of August – the lowest since January 2010, according to the latest data from the Statistics and Census Service (DSEC).

Fake banknotes found in casinos

PJ warns the public to be aware of counterfeit money.

The Judiciary Police (PJ) received reports from six local casinos last week warning that they had detected 20 counterfeit HK$1,000 (MOP1,030/ US$129) banknotes on their premises, according to a report

MSAR signs tax agreement with Ireland

The Special Administrative Region yesterday signed a Tax Information Exchange Agreement (TIEA) with Ireland, according to an announcement by the Financial Services Bureau.

DSEC expanding offices

A fistful of patacas

The Statistics and Census Service (DSEC) will be expanding its offices from its current location in Dynasty Plaza, according to information published in the Official Gazette and confirmed by a DSEC re

Sino-Luso gathering scheduled for October

The 5th Ministerial Conference of the Forum for Economic Co-operation and Trade between China and the Portuguese-speaking Countries will be held in Macau on October 11 and 12, according to a statement

GDP Figures Improve

A quarter drop in exports. Driven by weak external demand and slow domestic consumption. Resulting in a 7.1 pct drop in GDP in Q2. But still an improvement on a Q1 y-o-y contraction of 13.3 pct.

The city’s Gross Domestic Product (GDP) dipped 7.1 per cent for the second quarter of this year, according to the latest data released by the Statistics and Census Service (DSEC).

A yen for Japan

Hong Kong listed travel company EGL Holdings Company Limited (EGL) registered a 39.3 per cent year-on-year decrease in gross profit in the first six months of 2016, mainly due to Japan’s currency appr

Travel company EGL Holdings Company Limited (EGL) saw a 82.1 per cent year-on-year decrease in profit in the first six months of 2016, for HK$15.07 million (US$1.94 million/MOP15.53 million) according

Surplus of local BOP current account plunges in 2015

Last year, the surplus gained from the local exports and imports of services posted a notable decline year-on-year.

In 2015, the current account of the city’s Balance of Payments (BOP) posted a decline of 32.3 per cent in its annual surplus due to the decrease in the local exports of services, according to prelimin

Money in the bank

Dah Sing Banking Group Limited has posted a 3.85 per cent year-on-year drop in profit before taxation for its Macau operations during the first six months of the year, according to its filing withd th

Syndicate content