Macau’s gross domestic product (GDP) shrank by 3.2 percent year-on-year in real terms, ending the uptrend that lasted for 10 consecutive quarters, the Statistics and Census Bureau (DSEC) said Monday.
Staff Reporter
The news desk at Macao News works diligently to bring you all the latest happenings as quickly as possible. Staff reporter duties are shared by Kenny Fong, Amanda Saxton, Sara Santos Silva and Erico Dias, working under the direction of managing editor Aidyn Fitzpatrick.
The Kiang Wu Hospital Charitable Association (KWHCA) Monday donated 13 properties in Pátio da Eterna Felicidade (“Courtyard of Eternal Happiness”) and Rua da Tercena to the government to be developed into a cultural and leisure area.
Chief Executive Fernando Chui Sai On chaired a high-level meeting Mondayabout the spirit of a letter sent by President Xi Jinping to local pupils last week.
Gaming revenue returned to year-on-year growth last month, yet analysts cautioned that the modest gain is a sign that the world’s largest gaming hub still faces headwinds from regional competition and trade-war uncertainties.
The Macau government will subsidise the LRT skytrain operation with more than 1 billion patacas a year, Mak Soi Kun, president of the Legislative Assembly’s Public Finance Affairs Follow-Up Committee, has indicated.
A 32-year-old local woman who is 14 weeks pregnant and works at StarWorld Hotel has been infected with the rubella virus, Health Bureau (SSM) said.
The Macau government intends to hire a consultancy to study the feasibility of opening a stock market in Macau, Macau Monetary Authority (AMCM) President Benjamin Chan Sau San says.
Macau’s economy in the first quarter experienced negative growth year-on-year, primarily due to the high base of comparison in the same quarter of last year.
Macau Government Tourism Office (MGTO) is using intellectual property (IP) branding, for Macau’s official tourism promotion mascot Mak Mak, as a tourism marketing strategy.
Melco Resorts& Entertainment Limited announced that it bought a 19.99 percent stake in Crown Resorts Limited from CPH Crown Holdings Pty Limited.
The Health Bureau (SSM) hosted a press conference Wednesday at the public Conde de São Januário Hospital Centre about a new flu outbreak that has been in the city for the past two months and is forecast by the bureau to last another two to three weeks.
The government-initiated “Art Macao”, a six-month-long international art festival organised in conjunction with Macau’s six gaming operators, has a budget of 34.6 million patacas