Chinese New Year

Chinese New Year

Chinese New Year is the most important and colorful Chinese festival celebrated by the majority of the local population, where shops, offices, factories close for this traditional holiday. During ten days there are a huge number of events celebrating the New Year. The...

China’s pre-1999 investment treaties exclude Macau

Macau companies may not be covered by 130 bilateral investment treaties that China has with other countries because they were signed before Chinese rule resumed in Macau in 1999, Business Daily reports. The newspaper infers this from a ruling by a court in Singapore...

Think-tank says Macau economy world’s 34th-freest

The Heritage Foundation’s latest Index of Economic Freedom ranks Macau’s economy as the 34th-freest in the world. The think-tank now gives the city an economic freedom score of 70.3 points, 1.0 point less than a year ago. The report that goes with the index says the...

Macau’s 2013 tourism takings world’s fifth-largest

The US$51.6 billion (MOP412 billion) that visitors spent in Macau in 2013 was the fifth-largest amount that tourists spent anywhere in the world that year, the United Nations says. The latest UN World Tourism Barometer report says annual spending by visitors in Macau...

Jobless rate steady in trimester ended December

Macau’s unemployment rate was 1.7 percent in the three months ended December 31, the same as in the three months ended November 30, official data show. The Statistics and Census Service says the underemployment rate was also steady, at 0.4 percent. The labour force...

Delta cooperation tops Macau wish-list, Chui says

Chief Executive Fernando Chui Sai On has said closer cooperation in the Pearl River Delta is the most important aspect of his government’s proposals for China’s next five-year plan. Mr Chui told reporters in Beijing that his government would press ahead with...

Suncity raises pay by 7 pct despite gaming slump

Junket operator Suncity Group Co Ltd has announced that it will increase the pay of its employees by 7 percent on Monday, despite the slump in the VIP gaming market, Business Daily reports. But the newspaper quotes a trade union leader as saying some employees are...

Economy ‘mostly free’

Good news from the Heritage Foundation Index of Economic Freedom. It says the local economy continues to be ‘mostly free’. For the seventh year in a row. The city ranked 9th in terms of economic freedom among 42 economies in Asia Pacific. And ranks 34 in the world....