Business

Hong Kong vows to relax cross-border travel with Macao and Guangdong 

The Hong Kong government is planning to set up a "health code" system that allows quarantine-free travel among Hong Kong, Guangdong and Macao.

5 Oct, 2020

MPay to be available in Hong Kong next year

Macau Pass plans to extend its MPay electronic wallet to Hong Kong next year in conjunction with the latter's Octopus Holdings cashless payment platform.

4 Oct, 2020

Golden Week visitor arrivals to Macao drop 87.2% in first 2 days 

Macao's visitor arrivals on the first two days of the eight-day National Day Golden Week (1-2 October) fell by 87.2% year-on-year to 37,619.

3 Oct, 2020

Macao looks forward to welcoming tourists from Hong Kong when the city becomes ‘low risk’

Chief Executive Ho Iat Seng said on Thursday that Macao looks forward to welcoming tourists from Hong Kong once the neighbouring SAR is deemed a ‘low-risk’ city.

2 Oct, 2020

Macao’s F&B imports fall 26% in January-August

Macao's imports of food and beverages fell by 26.2% year-on-year to MOP 6.68 billion (US$835 million) in the first eight months of the year.

2 Oct, 2020

Locals account for 67% of hotel guests in August

Local residents accounted for 67.4% of hotel guests last month, a 137% year-on-year increase to 124,000.

30 Sep, 2020

Special features’ shop scheme continues in Taipa & Coloane

50 shops in Taipa and Coloane have joined the Economic Services Bureau (DSE) second-phase “special features shop programme”, meaning now altogether 100 shops and restaurants are participating in the scheme.

30 Sep, 2020

Macao to hold 3 expos next month to promote online trade

Macao will hold three exhibitions late next month to help exhibitors and fairgoers expand their online business and explore new opportunities, the Macao Trade and Investment Promotion Institute (IPIM) has announced. 

28 Sep, 2020

Macao receives four PATA Awards

Macao has received a record of four Grand and Gold Awards for its achievements in different areas of the tourism industry, announced at the virtual 2020 Pacific Asia Travel Association (PATA) Gold Awards presentation award presentation ceremony on Thursday.

25 Sep, 2020

BNU CEO says existing transaction control mechanisms effective

BNU existing control mechanisms are effective, the bank's CEO assures, after documents leaked from the US federal agency FinCEN point to suspect financial transactions in Macao.

21 Sep, 2020

Macao wants to strengthen cooperation with Fujian and Jiangxi

Chief Executive Ho Iat Seng during a meeting with Fujian Governor Wang Ning suggested three approaches for future cooperation between Macao and Fujian

19 Sep, 2020

Ho promotes Guizhou and Guangxi cooperation ties with Macao during Hainan visit

The Chief Executive met with officials from the provinces of Guizhou, Fujian and Jiangxi and the Guangxi Zhuang Autonomous Region during a working visit to Hainan to discuss how to foster closer ties on business, cultural affairs and also to exchange views on topics of mutual concern. 

19 Sep, 2020

CCAC says officials who granted loans to Viva Macau ‘failed in their duties’

A report released by the Commission Against Corruption (CCAC) yesterday says that officials responsible for the vetting and approval of MOP 212 million in loans to Viva Macau, a locally incorporated private airline which went belly up in 2010, “failed in their duties”. 

18 Sep, 2020

No ‘major investment’ residency application approved in first half of 2020

The Trade and Investment Promotion Institute (IPIM) received two new residence applications based on the “major investment” category and 38 new applications based on the “management and technical personnel” category.

8 Sep, 2020

Gold retailers expect more sales in H2

Kenny Lee Koi Ian, general manager of Seng Fung Jewellery, told reporters on Thursday that the city’s gold retail sector is expecting more sales in the second half of this year after the mainland’s travel restrictions are lifted.

4 Sep, 2020

Uniqlo to open biggest Macao store on 30 September

Japanese casual-wear apparel company Uniqlo will open its biggest Macao shop in on 30 September close to the Ruins of St Paul’s that will for the first time in Hong Kong and Macao feature a UTme! design-your-own T-shirt service.

4 Sep, 2020

Macao gaming revenues fall by 94.5% in August  

Gross gaming revenues fall 94.5% year-on-year in August to MOP 1.33 billion (US$166.6 million).

1 Sep, 2020

Gold jewellery imports drop 64% in July

Macao’s imports of gold jewellery fell 64.1% year-on-year to MOP 151 million in July.

1 Sep, 2020

Suncity revenue falls 70% in H1 due to COVID-19

Junket and resort operator Suncity Group Holdings announced on Monday that its revenue in the first half of the year fell 70% year-on-year to 93.7 million yuan (US$13.6 million).

1 Sep, 2020

Air Macau loses US$67.4 million between January and June to the pandemic

Air Macau suffered net losses of RMB 464 million (US$67.4 million) between January and June this year, according to data from Air China released today by Tribuna de Macau newspaper.

31 Aug, 2020