The popularity of precious metals is matched by a desire for other high-end goods such as handbags as the city overcomes Covid-19 doldrums.
Although officials point to a gradual recovery from the economic effects of the pandemic, lawmakers worry that ordinary workers are being given short shrift.
However, figures show a marked improvement from the final months of 2020, while exports of services are growing again.
First quarter results are promising, however almost half the city’s traders expect business to be sluggish in the coming months.
Shopping and eating prove to be among the most popular activities for mainland visitors, as is meeting up with friends and relatives.
Residents are being advised to carefully read the small print to ensure they get the benefits that suit them best.
Cost-cutting judged essential as Covid-19 and the general economic downturn continue to impact the city’s finances.
While the pandemic has hit Macao extremely hard, the credit rating agency remains confident that the city will bounce back in time.
The money is there for the taking, even for new-born babies, but the application process is far from straightforward, and non-resident workers are still shut out.
Each vehicle in the city now has just 1.85 kilometres of road to itself, as Macao’s motoring mania shows no sign of abating.
Massive increases in overseas trade in the past year point to a recovery from the downturn caused by Covid-19.
Cash injection will help Macao get back on its feet after suffering the effects of Covid-19 for over a year.
New venture will throw up a challenge to China, which currently supplies almost all of Europe’s requirements of the precious commodity.
Mainland visitors increased by 674.4 per cent year-on-year to 688,353, with those travelling under the IVS scheme growing by 3,838 per cent.
The pedestrian-only crossing will be a first for Macao, with a one-time checking process for arriving and departing travellers.
Request for emergency funds will be rushed through AL as government seeks to keep Macao’s finances and residents’ livelihoods on course.
To alleviate losses in 2020 due to the pandemic, Air Macau leases five of its planes to Air China for a period of three years.
The outlook is positive, despite last year’s rocky economic performance, thanks to prudent fiscal measures taken by the government, says Fitch.
Launching the digital currency, which is already being trialled in the mainland, could revolutionise casino gaming and Macao’s entire economic scene, experts predict.
Residents can start signing up next month and must finish spending their MOP 8,000 entitlement by December under the new, simpler plan.
Older buildings are marginally less expensive, and even the price of pre-sale residential units has dropped, according to official survey.
The elderly and other specially deserving cases will be first in line for the government bonus, and all entitled residents will be paid by mid-May.
IMF predicts substantial growth this year and next, while unemployment and inflation should both remain low.
Most of Macao’s imports originated from mainland China and Hong Kong (40.2 per cent), France (14.4 per cent) and Italy (13.8 per cent).
A dedicated new government department will oversee all aspects of Macao’s TCM industry, which has played a significant role in combating Covid-19.
