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| ISSUE 96 - Apr 2012 |
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Forex reserves reach MOP270 billion-plus in 2011
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Posted: 1/16/2012 4:02:45 PM
Macau’s foreign exchange reserves amounted to MOP272.4 billion (US$34.1 billion) by the end of December, according to preliminary estimates from the monetary authority.
When compared with a year earlier, the reserves increased by MOP82.2 billion or 43.2 percent.
Macau’s foreign exchange reserves at end-December represented 46 times the currency in circulation or 360.1 percent of Pataca M2 at end-November 2011.
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| Other Macau Latest News |
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| MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming |
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| Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened |
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| The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix |
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| Property experts say prices in Ilha Verde area could go up 10-fold |
| Headlines |
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| The company’s president and CEO has had his contract extended until August next year |
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| Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports |
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| Less informal lending in Wenzhou may lead to VIP slowdown in Macau’s casinos, says Macquarie |
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| The casino mogul dismisses rumours about connections between Tien Chiao and any government officials |
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| US |
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| DJIA |
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| Nasdaq |
2,874.04 |
0.00 |
| S&P 500 |
1,324.80 |
-5.86 |
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| Europe |
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| DJ Stoxx 50 |
2,152.57 |
-22.77 |
| DAX |
6,341.61 |
-42.65 |
| FTSE 100 |
5,347.02 |
-58.23 |
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| Asia |
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| Nikkei 225 |
8,876.59 |
+75.42 |
| Hang Seng |
19,200.93 |
-58.90 |
| STRAITS TIMES INDEX |
2,822.61 |
-8.54 |
| S&P/ASX 200 |
4,157.40 |
-8.100 |
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| 2012-5-17 |  | | 24°C ~ 30°C |
| | 2012-5-18 | | | 24°C ~ 30°C |
| | 2012-5-19 | | | 24°C ~ 30°C |
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