Tag: economy
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Tourism chief highlights IP-themed displays as key to boosting consumer spending
The Macau Government Tourism Office (MGTO) teamed up in June with Pop Mart to initiate a large-scale cultural tourism project that showcased trendy IP displays in ... -
Tai: Digital economy drives diversification
The Secretary for Economy and Finance, Anton Tai, has said that the digital economy is a critical engine for Macau’s economic diversification. Tai noted this during ... -
Citywide initiative boosts spending to MOP1.1 billion
The 10-week “2025 Community Consumption Grand Prize” campaign generated over MOP1.1 billion in total spending across the city, positively impacting businesses in the retail, catering, and ... -
Economists see ‘stable’ trend from June to August, warn of underlying concerns
The average daily number of visitors to Macau over the past two months has remained steady at about 100,000, leading to higher local hotel occupancy rates. ... -
China gets boost in retail sales as export goods stay home
China’s economy managed a mixed economic performance in May, as retail sales jumped while factory output slowed in the face of higher U.S. tariffs. Data released ... -
Gov’t lowers GGR estimate to MOP228 billion for 2025
The government has revised the general integrated budget revenue for this year to MOP116.5 billion, with total expenditure set at MOP116.2 billion, lowering the estimated gross ... -
Moody’s affirms Macau’s ‘Aa3’ credit rating, citing strong fiscal position
Moody’s Investors Service reaffirmed Macau’s long-term issuer rating at “Aa3”, reflecting the region’s strong fiscal fundamentals and robust external buffers. The rating places Macau in the ... -
European companies cut costs, scale back investments in China as its economy slows
European companies are cutting costs and scaling back investment plans in China as its economy slows and fierce competition drives down prices, according to an annual ... -
China weighs new industrial push despite US pressure to rebalance
President Xi Jinping’s administration is quietly preparing a fresh iteration of its industrial strategy aimed at boosting China’s technological self-sufficiency, signaling a continued commitment to manufacturing ... -
Economy slows in April as trade war blues hit retail sales, housing and investment
China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker ... -
GDP drops as consumer spending declines
The Statistics and Census Bureau (DSEC) has announced a revised gross domestic product (GDP) figure of MOP 99.76 billion for the first quarter of this year, ... -
UK becomes fastest-growing G7 economy after strong first quarter
The British economy grew at its fastest rate in a year during the first quarter of 2025, official figures showed yesterday, in a welcome boost to ... -
Stable economic outlook expected through July
Macau’s economy has remained “stable” over the past two months, with the Macau Economic Association (MEA) predicting this trend will continue through July, indicating “remarkable resilience” ... -
World shares and US futures advance after trade pact
As trade envoys from the world’s two biggest economies blinked yesterday, finding ways to pull back from potentially massive disruptions to world trade and their own ... -
Exports to US sink, offset by trade with other economies, as US tariffs hit global trade
China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump’s tariffs offensive is hastening a ... -
Anton Tai leads delegation to visit European countries
Led by Secretary for Economy and Finance Anton Tai Kin Ip, the Macau government delegation recently embarked on an official visit to France, Monaco, and Luxembourg. ... -
GDP declines 1.3% in Q1 despite increase in visitor arrivals
The Macau Statistics and Census Bureau (DSEC) has reported a 1.3% year-on-year decrease in gross domestic product (GDP) attributed to changes in tourist consumption patterns, with ... -
White House unable to accomplish its goal but more than capable of ruining things
Although the US administration continues to brag about how the US economy is becoming stronger due to the policies it has introduced since it took office ... -
Economy grew 5.4% in the first quarter as exporters rushed to beat Trump’s tariffs
China’s economy expanded at a 5.4% annual pace in January-March, the government said yesterday supported by strong exports ahead of U.S. President Donald Trump’s rapid increases ... -
Q1 economic growth likely below expectations, says association
Macau’s economy may have performed below expectations in the first quarter of 2025, with the Macau Economic Association forecasting real GDP growth to remain flat or ... -
Macau consumer confidence rises in two areas, economy declines: survey
The “Macau Consumer Confidence Index” survey for the first quarter of this year indicates that while consumer confidence in “buying a home” and “investing in stocks” ... -
DSEDT warns of compliance with city-wide consumption scheme
The Economic and Technological Development Bureau (DSEDT) has reaffirmed that refunds for group purchases on any e-platforms in exchange for the opportunity to enter the draw ... -
Fiscal revenue not as optimistic as expected: Tai Kin Ip
Secretary for Economy and Finance Anton Tai Kin Ip stated that the gross gaming revenue (GGR) has yet to reach the target of 20 billion patacas ... -
Retail and catering sectors see surge in sales amid consumption boost scheme
Retail and catering firms are reporting a surge in sales amid the ongoing city-wide consumption boost scheme. During the first week of the campaign, many stores ... -
Gov’t to provide professional help for SMEs to learn how to run their businesses
The Economic and Technological Development Bureau (DSEDT) has announced the launch of a new program that aims to provide professional support to local small and medium ... -
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 government data, money ... -
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 ... -
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. The ... -
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 ...
