Tag: economy
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Incentive scheme draws criticism over lottery design as residents call system ‘absurd’
As the latest 10-week “Community Consumption Grand Rewards Scheme” campaign entered its second week, public opinion remains divided, with some residents calling the lottery mechanism “absurd” ... -
Macau suppliers pivot to Southeast Asia as Middle East tensions triple shipping times
Geopolitical turmoil in the Middle East has tripled delivery times for European imports to Macau, forcing local suppliers to accelerate a shift toward Southeast Asian markets ... -
Over 58,000 residents collect vouchers in spending drive
Over 58,000 residents have collected discounts at more than 100 designated locations across the city, as Macau rolls out a new 10-week government-backed consumption drive aimed ... -
MOP400M consumer rewards program rolls out today
To spur weekend shopping and support local businesses, the Macau government and Macao Chamber of Commerce kick off the “Grand Prize for Consumption in Community Zones ... -
Gov’t strives to shake off ZAPE’s pawnshop-dominated reputation
Authorities are exploring targeted subsidy measures to encourage business transformation and attract new ventures to the ZAPE area, which is undergoing a transition following the closure ... -
China factory activity rebounds in March as Iran war looms over growth
China’s factory activity expanded in March, ending two months of contraction, the government said yesterday, but analysts say prolonged impacts of the Iran war could weigh ... -
New 10-week consumption campaign to start Apr. 10
The government and the Macao Chamber of Commerce (ACM) will launch a new round of a consumption campaign on April 10 aimed at boosting the local ... -
Inflation climbs 1.2% in February due to price hikes over CNY
Macau’s inflation rate increased 1.16% year over year in February, according to the Statistics and Census Service (DSEC). DSEC said the increase is mostly due to ... -
Lawmakers push new stimulus measures to revive economy
Amid soaring international oil prices, legislators Ella Lei and Chan Hao Weng urged the government at a Legislative Assembly session yesterday to stimulate the local economy, ... -
Over 40 brands apply for first phase of ‘First-Store Economy scheme’ featuring tech
The first phase of the “Scheme for Supporting the Development of Macao First-Store Economy”, featuring new technological business formats, has garnered over 600 inquiries and over ... -
China’s auto sales sink in February as phase out of subsidies for trade-ins hits demand
China’s domestic passenger car sales fell sharply in February from a year earlier, industry figures showed yesterday, reflecting weakening demand as some trade-in subsidies are phased ... -
Associations call for transparency as fuel prices rise amid Middle East tensions
A mid rising tensions in the Middle East, international crude oil prices have surged, prompting residents and local associations to call on the Macau government for ... -
Gov’t aims to facilitate duty payments for importers of liquor, tobacco products
The government is aiming to amend the current regulation on the consumption duty paid by importers of liquor and tobacco products. On the line is a ... -
Gov’t aims to boost ZAPE district with hotel offers, rewards, and influencer campaigns
The director of the Economic and Technological Development Bureau (DSEDT), Yau Yun Wah, recently replied to a written inquiry stating that the government plans to use ... -
Supplier group warns of extended inventory cycles due to rising tensions in Iran
Despite rising tensions in Iran, stockpiles of European goods should cover local demand for up to three months, according to the Macau Union Suppliers Association. President ... -
Scholars endorse gov’t MOP11 billion allocation for diversification development
Scholars say the government’s plan to establish a MOP11 billion guiding fund to support economic diversification could help professional asset management institutions identify high-quality local enterprises ... -
Association says 2026 off to strong start, forecasts stable year
The Macau Economic Association (AECM) has released its latest report on Macau’s economic prospects for the year. In the release, the association said this year has ... -
Developing nightlife can revitalize ZAPE businesses, lawmaker believes
The era of satellite casinos in Macau has officially concluded, as legislator Si Ka Lon emphasized that the ZAPE area is at a crucial turning point ... -
Federation seeks to optimize business environment to stimulate economy
The Industry and Commerce Association of Macau stated that the local economy is gradually recovering and suggested the government, businesses, and enterprises should join forces to ... -
More companies in 2025 as wholesale, retail trade leads the increase
The number of companies in Macau in 2025 increased slightly year-over-year, according to the Statistics and Census Service (DSEC). A total of 4,678 new companies were ... -
Watches and Jewellery drive e-payments growth in December 2025
The value of retail trade transactions via electronic payments (e-payments) increased by 10.4% month-on-month to MOP5.12 billion in December 2025, according to a release from the ... -
GDP grows 4.7% in 2025
Macau’s gross domestic product expanded 4.7% year-over-year in 2025 to MOP417.3 billion (USD51.9 billion), official data showed Friday. The Statistics and Census Service (DSEC) released ... -
Association expects economic sentiment to remain stable in Q1
The Macau Economic Association has released its latest report on Macau’s Economic Sentiment covering the last quarter of 2025 and the first quarter of 2026. According ... -
Car exports surged in 2025, but domestic demand slowed
China’s auto exports surged 21% in 2025, driven by rising shipments of electric vehicles, while domestic demand slowed, an industry association said yesterday. Confronted with grueling ... -
DSEDT plans consumer incentive program for ZAPE hotel guests to revitalize the area
The Economic and Technological Development Bureau (DSEDT) has announced plans to explore a consumer incentive program for hotel guests at ZAPE to assist businesses impacted by ... -
Northern District launches six-week consumer carnival to boost holiday spending
The Industry and Commerce Association of Macau Northern District launched a six-week consumer carnival on to boost holiday spending, targeting about 500 merchants with electronic coupons ... -
Yangtze belt sees GDP, green growth
China’s Yangtze River Economic Belt has over the past decade attained sustained economic growth and strengthened ecological protection, a senior official yjis week. The proportion of ... -
Lawmaker suggests walking routes to divert tourist boom to quiet communities
In an effort to channel benefits from Macau’s visitors into local economies, lawmaker Ngan Iek Hang has called for themed walking routes to steer Macau’s tourists ... -
Residents’ income trails GDP despite 9.4% gain
Residents’ per capita income reached MOP572,614 in 2024, according to gross national income data released this week by the Statistics and Census Service (DSEC). The 2024 ... -
How China is turning sport into serious business
On a wintry weekend with temperatures hovering just above freezing, an indoor ski dome in the eastern Chinese city of Wuxi buzzed with the sound of ... -
Manufacturers express cautious optimism on exports, survey shows
Manufacturers surveyed by the Statistics and Census Service (DSEC) on industrial exports expressed cautious optimism about the export outlook for the third quarter (Q3) of 2025. ... -
Fitch: Macau’s economic growth forecast revised downward
Macau’s economy is expected to grow by 4.5% in 2026, down from earlier projections, as tourism returns to more normal levels, Fitch Ratings announced Tuesday. The ... -
Resilient in face of Trump tariffs, world economy is forecast to grow 3.2% this year, OECD says
The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said yesterday, upgrading ... -
Gov’t expects 1.9% budget reduction compared to 2025
The government budget for 2026 presents a 1.9% reduction compared to 2025, the Secretary for Economy and Finance, Anton Tai, admitted yesterday at the Legislative Assembly ... -
Cultural industries hit MOP9.7 billion, led by digital media
Macau’s cultural industries posted steady growth in 2024, with total service receipts up 12.7% year-on-year to MOP9.73 billion, according to data released by the Statistics and ...
