Tag: economy
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Preliminary figures point to GDP growth of 2.9% in the first nine months
The local economy grew steadily in the first three quarters of this year, with preliminary figures showing gross domestic product (GDP) expanding by 2.9% year over ... -
China’s factory activity slips as new export orders weaken
China’s factory activity contracted in October as new export orders softened, reversing the previous month’s rebound. The world’s second-biggest economy has been facing pressure from trading ... -
Inflation up 1.33% in September due to fuel prices
The Statistics and Census Service (DSEC) reported that the Composite Consumer Price Index (CPI) increased 1.33% year-over-year and 0.14% month-over-month in September 2026. For the 12 ... -
MOP20 billion fund opens with MOP9 billion in private backing
The government guidance fund, initially set at MOP20 billion, was formally launched at a signing ceremony at government headquarters on Friday. It comprises MOP11 billion from ... -
Fiscal reserves reach MOP701.21 billion
The special administrative region’s (SAR) fiscal reserves totaled MOP701.21 billion as of last month, comprising MOP163.60 billion in basic reserves and MOP537.61 billion in excess reserves, ... -
Economy accelerated in the July-September quarter on robust exports
China said Monday its economy grew 4.5% for the July-September quarter from a year ago fueled by robust exports, moving closer to meeting its official annual ... -
MEA forecasts the economy to remain ‘stable’
The Macau Economic Association (MEA) has released its latest report on the “Macau Economic Sentiment Index.” In the report, the association notes that it is expected ... -
IMF holds Macau growth forecast at 3.3%
The International Monetary Fund (IMF) has maintained its forecast for Macau’s economic growth at 3.3% this year, with expansion expected to slow to 3.1% in 2027, ... -
Consumer confidence continued to erode in Q3
Consumer confidence fell in the third quarter (Q3) of 2026, with the overall index dropping below the 100-point threshold that separates confidence from a lack of ... -
Visa wins approval to prepare a bank card clearing business in China
U.S. payments giant Visa said Tuesday that it received approval to prepare to set up a bank card clearing business in China, a move that could ... -
‘Community Spending Rewards’ scheme launches tomorrow with new merchant vouchers
The “2026 Community Spending Rewards” scheme launches tomorrow with new merchant-funded discount vouchers and consumption privilege vouchers, prompting questions about whether government and merchant discounts must ... -
Fishermen warn fuel costs threaten livelihoods
Fishery industry representatives from Macau and Hong Kong have said soaring fuel costs have sharply increased operating expenses, hitting small- and medium-sized vessels hardest, with many ... -
Ella Lei urges short-term fuel relief measures as prices climb
Lawmaker Ella Lei submitted a written interpellation to the government about the recent surge in fuel prices. In the inquiry, she called for reassessing market conditions ... -
IMF projects growth to slow to 3.3%, warns on diversification target
The International Monetary Fund’s (IMF) projects Macau’s real GDP growth to slow from 4.7% in 2025 to 3.3% this year and around 3% over the medium ... -
Factory activity returns to expansion in a positive sign
China’s factory activity expanded in September for the first time in three months, striking a more positive tone as Chinese officials look to bolster economic growth. ... -
Beijing rolls out new measures to bolster its property sector and economy
China on Tuesday rolled out new measures to help boost its economy and sluggish property sector as pressures ramp up ahead of a year-end target for ... -
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 ...
