Business

Residential sales shrink ‘significantly’ in 2020

The total number of residential property sales in Macao dropped 18.1% year-on-year, which shows a “significant” contraction.

14 Jan, 2021

Integrated payment machine ‘Simple Pay’ to be launched in Q1

The Macao government to launch new integrated payment machine “Simple Pay” in the first quarter of the year.

8 Jan, 2021

Number of Taipa market bidders drops by 30%

Only 28 bidders for the first phase of this year’s Taipa market, which is a 30% decrease year-on-year.

7 Jan, 2021

Imports rise, exports fall in November

Macao's imports rose by 56.6% year-on-year to MOP 13.4 billion in November.

4 Jan, 2021

Macao’s hotel guest numbers rose 8% last month

Macao’s 120 hotels and guesthouses recorded 473,000 guests last month, a month-on-month growth of 8%, but a year-on-year decline of 59.3%.

30 Dec, 2020

Forum Macao delegates need greater internal support, says Cabo Verde representative

Forum Macao needs to be equipped with an advisory office to support delegates in the backing of contacts so there is a greater realisation to attract investments, said the Cabo Verde delegate, Nuno Furtado.

29 Dec, 2020

Audit Commission criticises government investment firm for ignoring cost efficiency in TCM park investment

In a report released Friday, the CA criticised the publicly funded Macau Investment and Development Limited for ignoring cost-efficiency principles when making decisions on how to develop the park.

14 Dec, 2020

Mainland China financial growth generating opportunities in Macao – Well Link Bank CEO

The growth of the financial sector in Mainland China will create opportunities for the banking sector in Macau as the city develops into a financial platform.

8 Dec, 2020

1st ‘Macao Quality of Life Expo’ attracts about 230 firms from GBA

The three-day “1st Macao Quality of Life Expo” co-organised by the Macau Jiangmen Chamber of Commerce and the Jiangmen Association of Enterprises with Foreign Investment, which started on Friday, attracted 230 companies from the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), according to a statement provided by the organiser.

7 Dec, 2020

Macao expects more tourists between Christmas & CNY

Christmas and the Chinese New Year (CNY) are the peak holiday seasons in Macao, therefore the city can expect more visitors from the mainland during that time, Secretary for Economy and Finance Lei Wai Nong told reporters on Wednesday.

3 Dec, 2020

Exports, imports fall in Jan-Oct, cosmetics imports rise 148% 

Macao's exports and imports in the first 10 months of the year fell by 18.1% and 7.1% to MOP 8.6 billion (US$1.08 billion) and MOP 67.4 billion respectively.

27 Nov, 2020

MICE event participants leap 1,281% in Q3

The number of meeting, incentive, conference and exhibition (MICE) events held in Macao in the third quarter and the total number of participants both increased quarter-to-quarter, the Statistics and Census Bureau (DSEC) announced on Thursday.

27 Nov, 2020

Grand Lisboa eyes 50% occupancy rate next month

Grand Lisboa’s occupancy rate could reach about 50 per cent next month, its manager, Henry Kong Fuk Leung, said on Thursday.

27 Nov, 2020

HK-Macao Austrian COC joins Macao’s European Chamber of Commerce

The Austrian Chamber of Commerce in Hong Kong and Macao has become the latest National Chamber Member of the Macau European Chamber of Commerce (MECC), MECC President Carlos Duque Simões said in a speech on Thursday.

27 Nov, 2020

Wynn hosts e-commerce forum to support local SMEs

Wynn Resort (Macau) hosted the 2020 Wynn Local SME Procurement Partnership Meeting and E-Commerce Forum on Wednesday, aiming to serve as a starting point for the transformation and upgrading of local small and medium-sized enterprises (SMEs).

26 Nov, 2020

Londoner Hotel set to open in February

The tentative opening date of the Londoner Hotel, located where Holiday Inn was previously, is in February, Sands China President Wilfred Wong Ying-wai said on Wednesday.

26 Nov, 2020

CNY Market booth auctions ‘less heated’ than in previous years

Chinese New Year (CNY) Market 2021 auctions were “less heated” than previous years, the head of Municipal Affairs Bureau (IAM) Vender Division Kam Chi Wai told reporters on Wednesday after the auctions for the incense and windmill booths in front of A-Ma Temple and Kun Iam Temple.

26 Nov, 2020

Retail sales rise 29.4% in Q3, exceed casino takings

Macao’s value of retail sales rose 29.4%t quarter-to-quarter to MOP 8.92 billion (US$1.12 billion) in the third quarter, the Statistics and Census Bureau (DSEC) said in a statement on Tuesday.

25 Nov, 2020

Government expected to inject capital into Air Macau

The Macao government is expected to make a capital injection into Air Macau – which will be the company's third capital increase since 2009 – due to the company's financial situation as a result of the COVID-19 pandemic, Tribuna de Macau newspaper writes today.

24 Nov, 2020

Development of financial services platform in Macao demands specialised staff

The development of a financial services platform in Macao, able to offer new services such as credit insurance, will demand "many" specialised staff and training, according to economist Rodrigo Brum.

23 Nov, 2020