Economy

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.

Money shows stable uptrend

The Macao Monetary Authority released monetary data for August indicating a stable evolution in the provision of money

A 0.2 per cent month-on-month increase was seen in the money in circulation in August, according to the latest information from the Macao Monetary Authority (AMCM).

Tourism forum shines sportlight on Central, Eastern European countries

For its 6th edition, GTEF invited 16 central and Eastern European countries, attracting the highest number of participants since its inception in 2012

Kicking off on October 16 and 17, the 6th edition of the Global Tourism Economy Forum (GTEF) is to feature 16 Central and Eastern European countries to emphasise the theme ‘Regional Collaboration towa

Pricier times

August saw the largest yearly increase in Composite Consumer Price Index since January, a 1.36 per cent hike, with the inflation rate reaching 1.16 per cent

The Composite Consumer Price Index in August posted an increase of 1.36 per cent year-on-year to 109.57 - the highest year-on-year growth since January - with the inflation rate reaching 1.16 per cent

Macau ranked fourth in China’s multi-millionaire stakes

Over 10,000 households in Macau own RMB6 mln-worth of assets in 2017
There is one multi-millionaire for every 91 individuals in Macau for the year 2017, ranking the city fourth in China, according to Hurun Wealth Report 2017. For the first time, the report includes bo
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