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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

Taiwan bank opens doors
Hua Nan’s first Macau branch is set to boost its Pearl River Delta business
 

Renminbi credit cards double
An upsurge of 122.1 percent was recorded in the year ended in March, to over 83,000
 

Paying more for H2O
Water tariff could rise in 2014
 

Forex continues upward trend
Foreign exchange reserves amounted to MOP130.3 billion at the end of last month
 

Show me the money
Fiscal reserve starts with MOP99 billion
 

Gov’t withdraws Tax Code bill
The gov’t is now preparing a review of the whole tax system
 

Budget surplus hits MOP29.7 billion in just four months
This figure is close to the expected MOP36 billion for the whole of 2012
 

Macau economy to grow 18 percent in 2012
The growth is slightly down from the 20.7 percent last year
 

Economy to grow below 10 percent, says Chui
The chief executive says Macau has “more than enough” financial reserves
 

Inflation up 6.22 percent in March
The inflation rate is at a four-year high
 

May’s the month
Public servants will get a pay rise on Labour Day
 

Strong start for Macau banks
In the first two months of the year, the total operating profits of the sector soared 42.5 percent
 

Renminbi deposits reach new high
RMB deposits in Macau rose by 14.6 percent in February from a month earlier to RMB47.97 billion
 

La Scala land involved in new Ao Man Long case
The Former Secretary for Transport and Public Works yesterday started standing trial for a third case
 

Besor profits almost double
Bank posted a net profit of MOP32.89 million for 2011
 

Forex continues rising
Foreign exchange reserves amounted to MOP128.8 billion at the end of March
 

A place of their own
Local SMEs could have a lot of land in Hengqin Island reserved just for them
 

Gov’t to spend MOP4.1 billion in cash handout
Macau residents will start receiving this year’s cash handout on April 24
 

Macau fundamentals to remain positive, says Fitch
The rating agency is keeping its original full year 2012 gaming revenue growth forecast of 20 percent
 

Gov’t announces handout details
Details on this year’s cash handout scheme will be announced today
 

Govt only spends 20 pct of public revenue
Public revenue in the first quarter increased by 21.5 percent year-on-year to MOP29.6 billion
 

Basic arithmetic
Accounting and auditing firms are struggling to find enough staff to keep pace with the cash flowing through the city
 

Deposits go up
The total deposits rose almost 2 percent to MOP447.8 billion
 

Macau lacks accountants
Accounting and auditing firms are struggling to find enough staff to keep pace with the economic boom
 

Investing in Macau riskier
The territory drops on the Euromoney country risk ranking
 
1. Galaxy closes in on SJM market leadership
2. Steve Wynn wants to start works in Cotai “before June”
3. Studio City to receive casino approval “soon”: report
4. Macau casinos take in MOP25 billion in April
5. U.S. company now Wynn Resorts’ biggest shareholder
 
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2012-5-17
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