With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold

The Bank of England kept its main U.K. interest rate unchanged at 4.50% yesterday even though the economy is barely growing and the nation faces more

Association projects stable economic outlook amid uneven recovery

The Macau Economic Association (MEA) has projected a stable outlook for the region’s economy despite persistent inconsistencies in key economic indicators. According to

Japan’s economy grew at a 2.2% annual rate in Oct-Dec

Japan’s has cut its estimate for its economic growth in the last quarter of the year to a 2.2% annual pace from 2.8% as consumer spending hit

China’s exports and imports weaken in Jan-Feb as demand slides amid global trade uncertainty

China's exports rose a less-than-expected 2.3% in January and February from a year earlier while imports fell more than 8% in a slow start to a

Consumer prices fell in February and remain flat in a sluggish economy

Consumer prices fell in China in February for the first time in 13 months, as persistent weak demand was compounded by the early timing of the

DSEDT sets up 60 card replacement points for seniors ahead of spending rewards campaign

The Economic and Technological Development Bureau (DSEDT) has partnered with the Macao Chamber of Commerce to set up 60 card replacement points for senior citizens.

Fitch projects that GDP growth will decelerate to 6.9% in 2025

Fitch forecasts GDP growth will slow to 6.9% in 2025, down from 8.8% in 2024, as gross gaming revenue (GGR) grows more slowly, reaching around 81%

The economy and AI are likely to be among the top issues for the legislature

Harnessing the power of artificial intelligence and shoring up the economy are among the issues expected to top the agenda when the National People’s Congress (NPC)

Gov’t financial reserve grew 5.3% on investment in 2024

In 2024, the Macau Special Administrative Region (SAR) Financial Reserve recorded an investment income of MOP30.95 billion, an annual return of 5.3%, the Monetary Authority of

GDP reaches MOP403b in 2024 with 8.8% growth

The economy continued its recovery in 2024, with Gross Domestic Product (GDP) growing by 8.8% year-on-year in real terms, reaching MOP 403.3 billion, according to the

Macau included in US list of ‘foreign adversaries’

A memorandum signed by President Donald Trump on the “America First Investment Policy” notes that the Macau Special Administrative Region (Macau SAR) has been officially included in the

Inflation accelerates for the first time in six months

Inflation in the city accelerated in January, mainly due to the rising cost of meals purchased outside the home during the Lunar New Year.

President Xi meets with tech business leaders

President Xi Jinping met with private sector business leaders yesterday, state media reported, as government officials work to revive an economy disrupted by a pandemic, regulatory crackdowns

Association warns of declining tourist purchasing power

The Macau Economic Association has raised concerns over a decline in tourist purchasing power, citing global economic uncertainties and weakening spending by visitors. In

Economy grows more than expected on strong exports and moderate consumption

Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth

Pereira Coutinho claims economy is not as strong as the gov’t suggests

Lawmaker José Pereira Coutinho believes the actual state of the local economy is not as positive as the government has been portraying. He argues that

Economy expected to rebound continuously in 2025: economist

The Chinese economy is expected to rebound continuously in 2025 despite new variables, an economist said as reported by Chinese financial news outlet Yicai on Sunday.

Visitors spent 5.8% more in 2024; Singaporeans top spending per-capita

The total visitor spending (excluding gaming expenses) rose 5.8% annually to MOP75.36 billion in 2024, the Statistics and Census Service (DSEC) reported. The result was credited to

AMCM: Macau poised for economic growth amid tourism boost in 2025

The city’s economy is on track for continued recovery, driven by sustainable tourism, rising non-gaming investments, and a stable financial system, according to the Monetary Authority

China moves to boost languishing markets by ordering funds to invest more in shares

The Chinese government is trying to encourage people to spend more by ensuring that share prices will rise, ordering pensions and mutual funds to invest more

MACAU DAILY TIMES