16
GROSS NATIONAL INCOME SOARS
Macau’s gross national income (GNI) at current prices amounted to MOP201.88 billion (US$25.2 billion) in 2010, up by 25.0 percent in real terms. In comparison to gross domestic product for the same period, GNI was lower by MOP24.39 billion, with the difference further widening in comparison to the MOP15.34 billion registered in 2009, the Statistics and Census Service said. GNI indicators less than GDP implies that the income earned by non-local investors from Macau was higher than the foreign investment income earned by local investors from abroad.
MINIMUM SUBSISTENCE INDEX ADJUSTED
The minimum subsistence index will go up roughly around 7.5 percent starting this month. For a three-member family, the value will be increased to MOP8,160 (US$1,020), from MOP7,340. The minimum subsistence index was last updated in April 2011. It establishes an income ceiling for a minimum living standard in Macau, allowing people under that to apply for government support.
SKY SHUTTLE SELLS HELICOPTERS
GAMING DRIVES ECONOMY
Sky Shuttle Helicopters Ltd., the sole operator of helicopter services connecting Hong Kong, Macau and Shenzhen, has sold four of its old Sikorsky S76C+ helicopters that were withdrawn from service in 2009 when they were replaced by AgustaWestland AW139 aircrafts, a company source told Macau Business. The buyer was Eagle Copters Ltd., a private, family-owned company from Canada. In 2010, one of Sky Shuttle’s AW139 helicopters had to make an emergency landing at sea shortly after taking off from Hong Kong. The two pilots and 11 passengers were all plucked to safety. In September 2011, the company had to temporarily ground four of its ve AW139 helicopters to undergo thorough checks to replace tail rotor blades after emergency airworthiness directives were ordered by several aviation regulators following an accident in Brazil involving a AW139 aircraft. Sky Shuttle is owned by Chan Un Chan, the third wife of Stanley Ho Hung Sun.
Macau becoming more dependent on casinos, data shows
Macau’s economic dependence on gaming further increased in 2010, according to data unveiled last month by the Statistics and Census Bureau. In 2010, the relative importance of gaming to the
territory’s gross domestic product soared by 8.9 percentage points year-on-year, to 40.9 percent. Macau is overall becoming more dependent on
the tertiary sector, which saw its weight in the local economy increase to 92.6 percent in 2010 from 89.1 percent in the previous year. The relative importance of wholesale and retail
to GDP rose to 7.0 percent from 5.9 percent a year before, while the hotel sector’s economic relevance went up by 0.3 percentage points to 4.6 percent. Meanwhile, the relative importance of the
secondary sector to the GDP declined to 7.4 percent in 2010 from 10.9 percent a year before.
JANUARY 2012
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116