Tag: economy
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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 ... -
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 ... -
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. The Consumer ... -
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 ... -
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 its latest ... -
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 this ... -
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 ... -
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 ... -
SMEs struggling to comply with DSF unexpected inspections
Local small and medium enterprises (SMEs) are struggling to comply with recent requirements from the Financial Services Bureau (DSF). This requires business owners to provide additional ... -
GDP projected to grow by 7.7% in 2025 amid global uncertainties
The local economy is expected to grow by 7.7% in 2025, despite facing challenges from a slowdown in China’s economic growth and uncertainties in global economic ... -
Consumer confidence index rises slightly, but economic concerns linger
The city’s overall consumer confidence index saw a modest increase during the fourth quarter of 2024, rising by 2.54% to 102.95 points from the previous quarter’s ... -
Beijing outlines New Year resolutions to boost its economy
China’s leaders are bracing for shocks to the economy from higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. To help rev up ... -
Ella Lei expresses concerns on the impact of new outdoor venue on local SMEs
Lawmaker Ella Lei, representing the Macau Federation of Trade Unions (FAOM), has expressed concerns over the impact of the new Outdoor Performance Venue on the businesses ... -
China retail sales slow as consumers hold back, while home prices fall
Chinese retail sales slowed in November and housing prices fell, the government said yesterday, with demand still lackluster despite a flurry of stimulus measures over the ... -
Gov’t signals it’s prepared to double down on support for the economy as Trump tariffs loom
Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to ... -
Tariff hikes will backfire, and gov’t can manage such ‘external shocks’
Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a ... -
GDP up 11.5%, surpasses pre-pandemic levels
Macau’s economic recovery has reached a significant milestone, with gross domestic product (GDP) expanding 11.5% year-on-year in real terms during the first three quarters of this ...
