Economy

Signs Of Stabilisation

Signs of economic recovery as the gaming industry stabilises. So say the Monetary Authority of Macau (AMCM).

The city’s economy is showing signs of an approaching recovery as the gaming industry begins to stabilise, says the Monetary Authority of Macau (AMCM) in its latest quarterly research report reviewing

Buying Portuguese

In the aftermath of Fosun’s proposal to acquire almost 17 per cent of Portuguese banking group Banco Comercial Português SA, the bank’s local branch management concede that branch revenues for the sec

While refusing to comment upon the recent share purchase deal proposed by Chinese investment group Fosun Industrial Holdings Ltd.

Wages of construction workers up by 1.2 pct

During the second quarter, the average daily wages of local construction workers decreased, while those of non-resident workers increased.

The average daily wages of the city’s construction workers increased by 1.2 per cent to MOP788 (US$98.5) for the second quarter of the year, attributable to an increase in wages of non-resident worker

Standard Chartered elects new Chairman

International banking group Standard Chartered’s current chairman Sir John Peace will be stepping down as Director and Chairman on December 1 of this year, to be replaced in the chairman role by José

OCBC sees y-o-y profit decrease in Q2

Banking and insurance giant OCBC saw a three per cent quarter-on-quarter rise in profits for the second quarter of 2016 – amounting to S$885 million (MOP5.23 billion/US$655.3 million), according to a

Relying on the Mainland

The local economy has entered into a ‘period of adjustment’ according to the annual report by the Monetary Authority of Macao (AMCM).

Fiscal surplus dives 32 pct

The fiscal surplus that the government generated for the first half of the year has already surpassed its annual target by nearly five times the amount anticipated.

The city’s fiscal surplus plunged by 32.1 per cent year-on-year to MOP17.3 billion (US$2.2 billion) as at the end of June, due to the fall in the government’s revenue for the period, reveals the lates

Growth of prices continues to slow in June

Alcoholic beverages and tobacco post biggest price increase year-on-year.

The inflation rate in June slowed to 2.26 per cent, with the composite consumer price index (CPI) increasing 2.26 per cent year-on-year to 108.29, a further slowdown of 0.38 percentage points from the

ICBC Executive Director retires

Mr. Wang Xiquan is retiring from the Industrial and Commercial Bank of China Limited (ICBC China) ‘due to a change of job assignment’ prompting Mr.

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