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Macau’s economy contracts for the third consecutive year

Macau’s economy contracted in 2016 for the third consecutive year, with gross domestic product (GDP) registering a real drop of 2.1%, after negative growth of 21.5% in 2015 and 1.2% in 2014, reported the Statistics and Census Bureau.

The statement noted, however, that the territory’s economy in the second half of the year had reversed the contraction seen in the first half, More

Macau receives 2.87 million visitors in January

The number of visitors to Macau in January 2017 grew 17.6% year on year and 2.2% in monthly terms to 2.87 million due to the celebration of the Lunar New Year which occurred in the first month of the year against February in 2015, reported the Statistics and Census Bureau.

The visitors remained in the territory for an average of 1.1 days, More

Macau and Fujian take part in the “One Belt, One Road” initiative

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The Macau Chief Executive and the Governor of Fujian Province said on Wednesday they planned to take part together in the “One Belt, One Road” national initiative and expressed confidence in further development of bilateral cooperation, said the Macau Government Information Bureau .

The delegations of the governments of Macau and Fujian, headed by Chui Sai On and Yu Weiguo, respectively, also More

Macau economy records two consecutive quarters of growth

Macau’s economy recorded real growth of 7.0% in the last quarter of 2016, marking two consecutive quarters of increased Gross Domestic Product (GDP), said on Wednesday in Macau the Secretary for Economy and Finance, Lionel Leong Vai Tac.

The secretary, speaking at a meeting organised by the Macau Chamber of Commerce, said that Macau’s GDP contracted overall by 2.1% in 2016, which More

Macau, focus of opportunities between China, Portugal and the Portuguese-speaking Countries

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Macau is fit to become a focal point for triangular cooperation between China and Portugal and the Portuguese-speaking countries, on which the Portuguese and Chinese authorities have said they are focused.

At the “Macau – A bridge in the economic relationship between China and Portuguese Speaking Countries” conference held on Tuesday in Lisbon, Nie Quan, the Chinese Embassy political attache in Lisbon, said that economic cooperation, one of the “five pillars” of the” bridge” of yjr Special Administrative Region, “is no longer limited to bilateral issues,” and is launching, “trilateral projects.” More

Government of Mozambique approves Gaming and Gambling Law regulations

The government of Mozambique has approved the regulation of the Gaming and Gambling Law which, in addition to increasing the number of casino licenses to be granted, reducing the distance between casinos from 5 kilometres to 100 metres, said on Tuesday in Maputo the deputy Minister of Culture and Tourism.

Ana Comoana said after the meeting of the Council of Ministers the More