Premier Li highlights central role of consumption

Premier Li Keqiang has underlined efforts to promote the role of consumption as the major driver of economic growth and to expand effective investment in order

Buffett’s company trims its stake in Chinese EV maker BYD

Warren Buffett’s company has trimmed its stake in Chinese electric car and battery maker BYD for the first time since it bought the shares in 2008,

Economy shrinks by nearly 40% amid pandemic woes

The city’s economy contracted 39.3% year-on-year in the second quarter of 2022 amid the pandemic outbreak in the neighboring regions, which affected the city’s border

Beijing cuts interest rate to shore up stagnation

China's central bank trimmed a key interest rate yesterday to shore up sagging economic growth at a politically sensitive time when President Xi Jinping is trying

German FinMin pitches usd10b tax cut plan to dampen inflation

Germany’s finance minister said yesterday that the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of

Near 150 ex-offshore companies convert to normal operations

According to the government, 147 former offshore companies have retained their existing business names and started operating without an offshore license. The disclosure was made

Inflation surges to new 40-year high of 9.4%

Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis.

Economic group expects Prosperity Index to reach trough this month

As the city faces economic challenges amid the present Covid-19 outbreak, its Prosperity Index will likely see its lowest point in July, the Macau Economic Association

Trade surplus surges to record as exports accelerate

China's monthly trade surplus soared to a record $97.9 billion in June as export growth picked up after anti-virus controls that shut down Shanghai were

Q1 GDP 50% lower than pre-pandemic levels

The Macau SAR’s gross domestic product (GDP) has declined further, by 8.9% year-on-year in real terms in the first quarter of 2022, as a result

Group expects economy to run slow from May to July

Macau Economic Association (MEA) forecast the city’s economy to experience a low growth in the months from May to July, with the Prosperity Index expected to

Trade weakens after cities shut down to fight virus

China's export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai and other industrial cities were shut down

Economy shrinks 4% under anti-virus controls

Hong Kong’s economy shrank by 4% compared with a year earlier in the quarter ending in March after the Chinese territory shut restaurants and other businesses to fight

Economy grows still-weak 4.8% in January-March

Chinese leaders face pressure to shore up sinking economic growth after Shanghai and other cities shut down to fight coronavirus outbreaks, threatening to disrupt global

Fitch lowers SARs’ economic growth forecast

Fitch Ratings forecasts Macau’s economy will only expand by 19% in 2022, based on the assumption that gaming revenue will recover to about 44% of its

Breaking News: Casinos 30pct down in December, 2.5pct over the year – report

Macau’s casinos are going to end December with a year-on-year fall of somewhere between 30% and 32% and an annual drop of about 2.5% compared with 2013, operator data collected

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