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Macau Bank Earnings Drop by Half in 2023

In 2023, Macau's banks saw profits drop to MOP 6.14 billion (EUR 701.3 million), a 53.5% decrease from the previous year. The Monetary Authority of...

Moody’s Lowers Macau’s Rating Amid China Ties

Recently, Moody's, a financial rating agency, downgraded Macau's economic outlook from "stable" to "negative." This adjustment links closely to Macau's deep ties with mainland China....

Macau’s GDP More Than Doubles in Third Quarter 2023

In the third quarter of 2023, Macau's economy experienced remarkable growth, more than doubling compared to the same period in 2022. Official data confirms this...

Macau’s Economic Diversification Plan

Macau has unveiled an ambitious plan, targeting 81 key projects over the next five years to diversify its economy. This initiative aims to reduce reliance...

Exports to Macau Surge in Portuguese-Speaking Countries

Official data shows that exports from Portuguese-speaking countries to Macau jumped 42.7% in the first nine months of this year. These nations exported goods worth...

Macau receives nearly 2.8 million visitors in July

In July, Macau reported close to 2.8 million tourists, nearing its 3.5 million benchmark set in the same month of 2019, before the outbreak...

Lusophone exports to Macau increase by 59.9% in the first semester

According to official data released today, merchandise exports from Portuguese-speaking countries to Macau increased by 59.9% in the first semester of the year compared...

New Portuguese language program to be launched in Macau next year

The government of Macau will introduce a four-year Portuguese language training program next year aimed at students interested in continuing their studies in Portugal. The...

Macau considers banning election polls to avoid influencing voting behavior

Macau authorities are considering criminalizing the publication of election polls to prevent any potential influence on voting intention. The proposed revision of the electoral law,...

Lusophone exports to Macau rise 78.6%

By Sita Sebastião* Goods exports from Portuguese-speaking countries to Macau rose 78.6% in the first four months of this year compared to the same period...

Ten startups from Brazil and Portugal seek investment in a technology fair in Macau

Ten startups from Brazil and Portugal will participate in the Beyond Expo 2023 technology fair, which kicks off in Macau on Wednesday and aims...

Portuguese-speaking countries’ exports to Macau rose 49%

According to official figures released today, exports of goods from Portuguese-speaking countries to Macau in the first eleven months of 2022 rose 49% compared...

Macau airport passengers almost doubled in the first quarter of 2023

"Macau International Airport recorded more than 750,000 passengers in the first quarter of 2023, representing an annual increase of 1.7 times," CAM (Macau International...

Macau’s GDP to contract by 26.8% in 2022

Macau's GDP reached €20.6 billion last year, compared to €26.9 billion in 2021, according to the Statistics and Census Service (DSEC). In the fourth quarter...

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