Gov’t rolls out enhanced online tax services

Taxpayers can now settle their tax obligations online through the “Macau Tax” app, “One Account,” and the “Business Portal,” as the Financial Services Bureau expands its

BNU reports 29% drop in net profit for first nine months

Banco Nacional Ultramarino (BNU) reported a 29% decline in net profit for the first nine months of 2025, with unaudited figures showing earnings of MOP315.3 million

e-MOP digital currency development nears completion

The Monetary Authority of Macau (AMCM) has announced that the development of the city’s digital currency system, known as e-MOP, is nearing completion and is expected to be

HSBC proposes to privatize Hong Kong’s Hang Seng Bank

HSBC Asia Pacific announced yesterday its plan to take Hong Kong’s Hang Seng Bank private in a deal valued at HKD106.1 billion (USD13.63 billion). This

Moody’s, Fitch signal caution on SJM’s over-elevated leverage

Moody's Ratings has lowered its outlook for SJM Holdings Limited, becoming the second major ratings agency to do so this month. Citing concerns over the

Macau bond market hits 962 issues worth MOP996 million by July

The Monetary Authority of Macau (AMCM) reported that by the end of July, 962 bonds valued at MOP995.6 million had been issued or listed in Macau, stating

Macau welcomes first issuance of Shenzhen gov’t bonds

The Monetary Authority of Macao (AMCM) issued a statement yesterday announcing the first issuance of municipal government bonds by the Shenzhen Government in Macau. The announcement

Guangdong issued RMB2.5 billion offshore municipal bonds in Macau

The People’s Government of Guangdong Province has issued RMB2.5 billion in offshore RMB-denominated municipal government bonds on Tuesday. This issuance marks the fifth consecutive year since

MOX and Dongxing Securities forge strategic partnership

Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX) and Dongxing Securities Co., Ltd. recently signed a framework business cooperation agreement at the Beijing Financial Street Center, marking

Guangdong to issue RMB2.5 billion in municipal bonds in Macau late this month

The Monetary Authority of Macao (AMCM) confirmed that the Guangdong government will issue offshore RMB-denominated municipal government bonds in Macau late this month. According

Two BOC presidents unreachable amid graft Crackdowns

Two senior overseas executives of Bank of China Ltd. (BOC) have become unreachable, with one reportedly detained by anti-corruption authorities, according to Caixin Global. This

Macau lists RMB6 billion in government bonds

China's Ministry of Finance listed RMB 6 billion worth of government bonds on the Chongwa (Macao) Financial Asset Exchange (MOX) yesterday. This marks the fifth consecutive year that

Gov’t and Bank of China sign agreement to boost financial services

The local government and the Bank of China recently signed a cooperation agreement to enhance banking services in Macau. The signing took place at

Gaming tax revenue slightly rises in first half

The city’s gaming revenue for the first half of 2025 reached MOP45.40 billion, marking a slight increase of 0.9% compared to MOP44.99 billion during the same period

Local market braces for ripple effects from New World Development’s massive debt deal

The local banking and real estate sectors are cautiously optimistic following a record-breaking refinancing deal by Hong Kong’s New World Development (NWD), a move seen as a

Citibank Macau branch closes operations today

U.S.-based Citigroup has announced that the Citibank Macau branch will officially close today. However, it will still offer services to its Macau customers through its Hong

49 investment projects report zero execution rate in Q1

Out of 202 active investment projects, 49 reported a 0% execution rate in the first quarter of 2025, according to the Legislative Assembly’s Follow-up Committee for

Foreign exchange reserves increase 3.1% m-o-m in May

The Monetary Authority of Macao (AMCM) has announced that the preliminary estimate of Macau’s foreign exchange reserves stood at MOP236.3 billion (approximately USD29.26 billion) as of

Publicly owned companies performing well despite millions in losses: DSGAP

The Public Assets Supervision and Administration Bureau (DSGAP) has published a report that grades the performance of publicly owned companies in 2024. According to the

No specific restrictions on departmental spending in next year’s budget

The Chief Executive, Sam Hou Fai, issued a directive on May 14 for preparing the fiscal year 2026 budget, but it did not impose specific restrictions on

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