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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.
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.
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.
Imports rise, exports fall in November
Macao’s imports rose by 56.6% year-on-year to MOP 13.4 billion in November.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
Expo business in Macao gradually makes comeback
At Thursday’s opening ceremony of the International Environmental Crisis Management Forum and Exhibition (IECMF), Macao Trade and Investment Promotion Institute (IPIM) President Benson Lau Wai Meng said in a speech that Macao’s expo business was gradually making a comeback.
Melco launches ‘Made-in-Macao’ initiative to support local SMEs
Melco Resorts and Entertainment has launched a “Made-in-Macao” initiative to support local small and medium-sized enterprises (SMEs) by promoting new local production and manufacturing industries.
Entrepreneur Joe Liu supports the importation of qualified foreign professionals
Liu said that restrictions on “blue cards” are not the best way to protect local workers, not least because “if it is well managed” competition is positive.
Sands to hold 4-day ‘mega brand sales’ this month
Sands will hold a “Sands Mega Brand Sale” offering up to 90 per cent discount on over 200 international brands on 26-29 November.
2nd sci-tech & innovation forum to be held next year
The International Science, Technology and Innovation Forum (ISTIF) of the Boao Forum for Asia (BFA) will be held in Macao again next year, BFA Secretary General Li Baodong, a former foreign minister, said on Wednesday, adding that a science technology expo will take place concurrently.
Macao aims to become platform for high-level international sci-tech exchanges
By making full use of the advantages of connecting and integrating the East and the West, “Macao will strive to craft a platform for high-level international scientific and technological exchanges and co-operation, one that is in high-level convergence of international modern service industries, Edmund Ho Hau Wah, vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), said on Tuesday.