Tag: economy
-
Gaming commissions, customer rebates rise 12% in 2025
The gaming sector spent nearly 12% more on goods, commissions and customer rebates in 2025, the fastest increase among its main expenditure categories, as gaming receipts ... -
China’s exports pick up in August, jumping 25% as its trade surplus widens
China’s exports jumped 25% in August from a year earlier on strong demand for autos and high-tech goods as its record trade surplus widened further, its ... -
Macau sets MOP23 billion investment target, eyes new tourism markets under Five-Year Plan
Macau’s tourism recovery is gaining momentum, with authorities targeting new international markets under the Third Five-Year Plan, while investment officials have set their sights on MOP17–23 ... -
Gov sets sights on improving business conditions
Secretary for Economy and Finance Dora Ng reaffirmed the goal of raising the share of non-gaming industries to about 60% of gross domestic product by 2030, ... -
Gov’t guidance fund to target diversification, local jobs
The new government guidance fund, approved by the Executive Council (ExCo), will seek to steer private investment into priority sectors and projects to diversify the economy, ... -
Hotel occupancy stays high as room rates diverge across districts
During the summer holidays, Macau’s hotels maintained high occupancy, but expanding room supply and competition from neighboring Zhuhai and Hengqin continued to put pressure on prices ... -
Communication equipment leads retail sales increase in 1H
The retail trade sector posted a 17.2% year-over-year increase in sales value in the first half (1H) of this year, according to a survey by the ... -
Economic climate index forecasts stability despite uncertainties
Macau’s economic climate index is expected to remain in the “stable” range over the next quarter despite continued external uncertainties, according to the latest report from ... -
Non-gaming spending by visitors up 17.4% in 1H
The total non-gaming spending by visitors to Macau in the first half (1H) of this year increased by 17.4% year-over-year, reaching MOP44.47 billion, the Statistics and ... -
Gov’t leaves door open for fuel subsidies
The government has revealed that it is actively considering introducing 95-octane unleaded petrol while leaving the door open for temporary subsidy measures to counter expected global ... -
Preliminary figures show GDP rising 3.7% in first half of year
The economy grew 3.7% in real terms in the first half of 2026 as stronger visitor arrivals lifted services exports, the city’s statistics bureau said, though ... -
Factory activity unexpectedly slips into contraction in July
China’s factory activity unexpectedly slowed in July, the first such contraction in five months, weighing on the pace of broader growth for the world’s second-largest economy. The ... -
Net service exports drive first-quarter economic growth
As the city’s gross domestic product rose 7.1% year on year, net service exports contributed 11 percentage points to Macau’s first-quarter economic growth, according to the ... -
New drivers underpin China’s economic resilience in face of pressure and challenges
Amid the weakening global economic outlook, China’s economic performance in the first half of this year is a bright spot. Data released by the National Bureau ... -
Cultural tourism, night economy and business facilities should lead ZAPE revamp: report
Cultural tourism, the night economy, and business support facilities should be prioritized in the functional restructuring of the ZAPE area and its community economic transformation, according ... -
Fuel subsidy plan ends after two months as gov’t cites stabilizing impact
The government’s temporary fuel subsidy plan, aimed at easing fuel costs in response to the price surge caused by instability in the Middle East, is coming ... -
Beijing aims to boost consumption, jobs via retail sector plan
Chinese authorities announced yesterday that the country will fully leverage the role of the retail industry in expanding domestic demand, as the world’s second-largest economy seeks ... -
Gov’t opens science and technology center to support broader economic diversification
The Macao International Science and Technology Industry Center was officially inaugurated on Tuesday, marking the launch of a new policy-backed platform aimed at accelerating high-tech development ... -
Factory activity expands in June with boost from tech exports
China’s factory activity picked up pace in June, an official survey showed yesterday, as demand for artificial intelligence hardware made exports robust. The official manufacturing purchasing managers ... -
Macau, Hengqin to launch cross-border low-altitude test flights
The government is moving forward with its 15th Five-Year Plan agenda by actively exploring cross-border test flights for drones and other low-altitude aircraft between Macau and ... -
New drivers powering growth momentum
Despite drastic changes and rising uncertainties in the global trade and investment landscape, China’s economy continues to demonstrate resilience and steady upgrading momentum. According to data ... -
CE: Orientation fund not expected to generate substantial returns early on
Chief Executive (CE) Sam Hou Fai has clarified that the government does not expect the recently created orientation fund to generate substantial investment returns from the ... -
Association gathers views on Five-Year Plan
The Macau Economic Association (AECM) held a symposium early last week to gather experts’ and scholars’ views on the direction of the local economy under the ... -
Exports jump 19.4% in May from a year earlier, boosted by demand for autos and tech goods
China’s exports picked up pace in May, rising 19.4% from a year earlier, its customs agency said yesterday, as technology-related shipments remained robust despite impacts from ... -
Beijing’s capital controls may test Hong Kong property rebound: report
A fresh crackdown by Beijing on cross-border capital flows is casting uncertainty over one of the strongest drivers of Hong Kong’s property recovery: mainland Chinese buyers. ... -
Fuel prices push Macau inflation higher in April
The Consumer Price Index (CPI), the indicator of price inflation in Macau, recorded a 1.21% year-over-year increase in April and a 0.31% month-over-month increase, according to ... -
Gov’t vows more diverse community spending promotion activities
The local government has reiterated that the ongoing 2026 Community Consumption Grand Rewards campaign aims to encourage residents to stay in Macau and spend their weekends ... -
IH invites bids for 23 public housing shops
The Housing Bureau (IH) invites bids for 23 public housing commercial units, with applications due May 22 at 5:30 p.m. It had received 33 bids as ... -
Gov’t authorizes presence of Keypay Limited
As the city expands its digital economy, Macau has authorized the establishment of Keypay Limited, a new fintech firm licensed to provide electronic payment acquiring services. ... -
Consumption program drives MOP560 million in first month
According to the Economic and Technological Development Bureau (DSEDT), nearly 7 million electronic vouchers were distributed in the first four weeks of the “2026 Community Consumption ... -
GDP grows 7% in Q1 to 90% of 2019
The revised figure for gross domestic product (GDP) stood at MOP107.56 billion in the first quarter (Q1) of 2026, up 7.1% year over year in real ... -
Economy remains stable despite external uncertainties: association
The local economy continued to show “resilience and stability” in March and April despite ongoing external uncertainties and shifting consumer behavior, according to the latest economic ... -
Macao Foundation greenlights 743 grants totaling MOP199 million in Q1
First-quarter records from the Public Assets Supervision and Administration Bureau (DSGAP) show that the Macao Foundation authorized 743 separate funding allocations between January and March, with ... -
China’s inflation flickers, but IMF wants proof it will last
China is showing early signs of inflation returning, but the recovery remains tentative and uneven, according to the International Monetary Fund, with officials cautioning that stronger, ... -
Moody’s maintains Macau credit rating at Aa3
Moody’s Investors Service announced yesterday that it has affirmed the Macao Special Administrative Region’s long-term issuer rating at “Aa3” while revising the outlook from “negative” to ...
