47
Global Payments introduces
Macau export values plummet
mobile payment processing solution
According to the Statistics
Global Payments Asia-Pacific Limited in a joint venture with The
and census Service (dSec),
Hong Kong and Shanghai banking corporation Limited (HSbc)
the trade deficit within the
has introduced a secure GPrS-powered mobile payment service
first nine months of 2008 was
called Global mobilePay. It provides mobile card acceptance
estimated at 19.88 billion
capabilities for merchants in the Asia-Pacific region and is one
patacas, a 47.5 percent
of the first payment processors to launch an extensive mobile
decrease in exports/imports
payment solution across Asia. This service includes a mobile
ratio from the same period
payment terminal, SIm card and GPrS network connectivity
of last year to 39.3 percent. From January to September this
through a telecommunications partner. Able to accept card
payments virtually anywhere, it’s ideal for cash-based delivery
year, value on total export of goods fell 13.9 percent annually to
service providers and can improve overall customer service and
12.89 billion patacas, with domestic exports down 19.2 percent
reduce the cost of handling cash significantly. The service is now
and re-exports slipping slightly at 4.1 percent. Three of macau’s
available in 11 countries and territories across Asia including
exporting destinations – US, chinese mainland, and european
china and Hong Kong.
Union – saw an 11 to 50 percent drop in export values but
exports to Hong Kong rose by 22.6 percent year-on-year.
Macau wholesale, retail receipts
up 15 percent in 2007
Three-way cooperation
to safeguard public health
macau’s wholesale and retail sector registered total receipts
of 39.99 billion patacas in 2007, an increase of 15 percent
macau, Hong Kong, and the chinese mainland health authorities
according to the Statistics and census Service (dSec). The
announced last month that they are working in cooperation to
wholesale and retail sector showed growth largely due to
establish a more solid and effective mechanism for safeguarding
the boom in the gaming sector and solid employment market
public health. In the preparation for general safety, discussions
last year. According to dSec, the sector’s 2007 gross fixed
on preparedness against a flu outbreak, the melanine-tainted
capital formation increased 28 percent to 792 million patacas
Sanlu infant-formula incident, the implementation of a cooperation
and the gross value added rose by 25 percent to 4.88 billion
agreement on a response mechanism for public-health
patacas. Total expenditure of the sector rose 14 percent to
emergencies, and the rescue and post-quake reconstruction work
31.16 billion patacas. but although the sector’s value grew,
in Sichuan were outlined. Health bureau director dr. Lei chin Ion
the 11803 wholesale and retail outlets operating in 2006
led the macau delegation.
dropped by 284. The number of operating market and fixed
street stalls also decreased 116 stalls year-on-year to 1959
Financial crisis has great impact
stalls total in 2007.
In a survey report titled ‘entrepreneurs’ Judgments, Assessments
and Suggestions on the macroeconomic Situation and Hot Spots of
Less companies
reform,’ released by the china entrepreneurs Survey System on
According to macau’s Statistics and census Service (dSec),
November 15, 57.4 percent of entrepreneurs said the unfavorable
638 new companies were incorporated in the third quarter of
influence of the U.S. sub-prime mortgage crisis on china’s economy
the year, decreasing by 27.1 percent compared with last year.
was ‘huge’ or ‘comparatively huge’. 31.8 percent said that it was
The total registered capital of these companies declined 62.5
‘comparatively small’. 2.7 percent said there was ‘no influence’ and
percent to 66 million patacas in that period, with 209 of them
8.1 percent said they were ‘unsure’. 60 percent of entrepreneurs
operating in wholesale and retail, 114 in construction, and 108
coming from large-sized enterprises, state-owned enterprises and
in business services. The majority of the capital from these
holding companies, publicly listed companies, foreign enterprises
companies came mainly from macau, the chinese mainland,
with investments from Hong Kong, macau, and Taiwan said the
and Hong Kong. by contrast, 99 companies dissoluted in the
unfavorable influence was ‘huge’ or ‘comparatively huge’. This is no
same period, with 35 operating in wholesale and retail, and 24
surprise as the global financial crisis has already spread to the real
in real estate. economy, weakening china’s overseas market demand.
december 2008
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