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The Macau Metro Monitor, March 23, 2012

MACAU VISITOR ARRIVALS DSEC

Visitor arrivals totaled 2,130,977 in February 2012, down by 1.5% YoY.  In the first two months of 2012, visitor arrivals increased by 8.3% YoY to 4,592,617.  The average length of stay of visitors decreased by 0.1 day YoY to 0.9 day.  Visitors from Mainland China increased by 6.7% YoY to 1,285,266, with those traveling to Macao under the Individual Visit Scheme dropping by 11.4% to 514,095

THE M3: MACAU & SINGAPORE VISITATION; S'PORE FEB INFLATION RATE - MACAU

SINGAPORE EYES UP TO 10% RISE IN 2012 VISITOR ARRIVALS Reuters

Singapore Second Minister for Trade and Industry S Iswaran said, "STB (Singapore Tourism Board) is projecting visitor arrivals to be between 13.5 and 14.5 million this year, an increase of up to 10% from 2011."  The board also expects tourism receipts to reach S$23 to S$24 billion ($18.95 billion) this year, a rise of up to 8% YoY.

SINGAPORE'S INFLATION RATE EASES TO 4.6% IN FEBRUARY Channel News Asia

Singapore's inflation rate eased to 4.6% YoY in February 2012 from 4.8% in January.  This was lower than Street expectations of 4.9%.  Core inflation, which excludes accommodation and private road transport, eased to 3.0% YoY in February, down from 3.5% YoY in January.