Macao’s retailers saw an overall drop of 13.3 percent in takings in October, when comparing their performance with October 2023
Business
The final reading of next year’s budget was unanimously approved, although some legislators cited issues with allocation and high expenditure
Competition from the mainland, online shopping and penny-pinching tourists have come together to create a perfect storm for Macao’s retailers
The legislative framework covers legal relationships, administrative procedures, judicial proceedings and enforcement related to tax
Operations against illicit money exchange activity at Macao’s casinos has led to the dissolution of 263 syndicates to date, law enforcement officials say
Initial forecasts suggest the city’s GDP next year will hit 420 billion patacas or almost 91 percent of the total recorded in 2019
Lui has taken over from his father, Galaxy Entertainment Group’s founder Lui Che Woo, who died last month at the age of 95
Macao-mainland trade grew by more than four-fold between the establishment of the SAR in 1999 and 2023, when US$3.84 billion in trade was registered
When released, the virtual currency will be legal tender and will be available in the form of a physical card or as a mobile app