Economy & finance « Macau Business

2012-2-4

15°C ~ 18°C 2012-2-5

17°C ~ 20°C 2012-2-6

17°C ~ 22°C | Saturday, February 4, 2012

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ISSUE 93 - Jan 2012

Exports expand slightly in 2011

This was the first rebound since 2006

New historical unemployment low

Jobless rate drops to 2.1 percent

GDP to grow below 10 percent in first half of 2012

Prediction made by the monetary authority in its latest review of the local economy

Macau banks more profitable

For the first 11 months of last year, the total operating profits of the local banking system increased 35 percent year-on-year

Inflation up by 5.81 percent in 2011

Notable increases were observed in transport, food and clothing

Alert on labour rights

Federation of Trade Unions handled over 1,400 labour rights cases last year

More Dragon bills

Number of the new MOP10 Year of the Dragon notes to double

Consumers more confident

Macau Consumer Confidence Index improved by 5.2 percent quarter-to-quarter to 86.9 points

Forex reserves reach MOP270 billion-plus in 2011

Macau’s foreign exchange reserves amounted to MOP272.4 billion by the end of December

MGM Macau increases salaries

Non-management company employees will get a five percent pay rise and Chinese New Year bonus

Macau 19th freest economy in the world

The SAR is sitting comfortably among the top 20 freest economies in the world, the latest report shows

SMEs against minimum wage

Small-and-medium sized enterprises would rather have more human resources than see a mandatory all-round minimum wage implemented

Deposits go up

Total deposits with the Macau banking sector grew 2.0 percent in November

Manufacturers less optimistic

Businessmen are estimating a new drop in exports

Macau and India ink tax agreement

This is the 14th such agreement that Macau has inked with other countries or regions

No worries

Beijing assures Macau will get stable supply of agricultural products during Chinese New Year

Macau to ink tax agreement with India

According to Indian news agency PTI, an Indian representative has already left for Macau to sign the deal

New year’s resolutions

Economic diversification on Chui Sai On’s agenda for 2012

Gross national income soars in 2010

Macau’s GNI went up by 25.0 percent in real terms last year

Macau’s exports up

Macau’s total merchandise exports for November amounted to MOP651 million

Dagong maintains Macau’s rating

China’s domestic rating agency expects Macau’s economic growth to reach 16 percent in 2012

Unemployment reaches new low

Macau’s unemployment rate for September-November was 2.3 percent

Inflation slowdowns

For the first time since April-end, the composite consumer price index growth rate went down

Macau and mainland ink CEPA supplement

The new supplement will become effective in April

Deposits go up

Total deposits with the Macau banking sector grew 4.3 percent in October

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1.	Okada breaks ground on Manila casino

2.	Gas emission restrictions on imported vehicles

3.	CNY starting strong in Macau

4.	Jetstar to stop flying to Macau

5.	Sands China hearing on parcels 7 and 8 underway

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2012-2-4

15°C ~ 18°C

2012-2-5

17°C ~ 20°C

2012-2-6

17°C ~ 22°C