Trade flourishes as a wide spectrum of businesses seek out opportunity and profit in Latin America.
Airport chief hopes flying a mix of passengers and cargo will be a new revenue stream, after facing up to unprecedented challenges in 2020.
The MOP 3.5 billion Macao Light Rapid Transit line between Macao and Hengqin island will be built by Chinese state-owned company Nam Kwong and is estimated to be operational in four years time.
Potential residents face sharp increase in investment amounts.
A multinational tech company has offered a lifeline to unemployed youths in Macao after launching an internship programme.
Macao’s gross gaming revenue rose to MOP 8.02 billion (US$1 billion) in January.
The total number of residential property sales in Macao dropped 18.1% year-on-year, which shows a “significant” contraction.
The Macao government to launch new integrated payment machine “Simple Pay” in the first quarter of the year.
Only 28 bidders for the first phase of this year’s Taipa market, which is a 30% decrease year-on-year.
Macao’s imports rose by 56.6% year-on-year to MOP 13.4 billion in November.
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%.
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.
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.
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.
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.
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.
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.
Grand Lisboa’s occupancy rate could reach about 50 per cent next month, its manager, Henry Kong Fuk Leung, said on Thursday.
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.
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).
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.
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.
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.
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.
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.
