AGP Executive Report
Last update: 3 hours agoMacau Economy Watch: DSEC data show Q1 2026 GDP at MOP107.56b (+7.1% y/y in real terms), with services exports up 12.8% as visitor arrivals surged; MICE stayed flat at 425 events, but meetings & conferences drew more participants while exhibition attendance slipped. Property & Lending: Mortgage approvals rose—new residential mortgage loans jumped 65.3% m/m to MOP1.09b—while commercial real estate approvals fell 23.3% m/m; average rents eased in Q1, with residential down 0.4% q/q. Tech & Talent: UM researchers won a top IEEE CICC award for a compact switched-capacitor power converter design, signaling stronger international recognition for Macau’s microelectronics push. Gaming & Industry Events: G2E Asia + Asian IR Expo wrapped up with Macau’s “Sports Plus” pitch from Mario Ho, while LT Game showcased an AI robot dealer prototype aimed first at overseas markets. Regional Business: OCBC is ramping Hong Kong wealth management, adding 30–50 relationship managers in 2026 as premier clients in Hong Kong and Macau grow.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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