Retailers across the key categories struggled to increase their receipts at the end of 2024, with the exception of those selling motor vehicles, whose takings soared
Business
A higher proportion of tourists to Macao are now not choosing to spend the night in the city, lowering the average length of time that visitors spend in the SAR
The non-performing loans ratio last November hit a record high of 5.5 percent, a figure that was carried over in December, the last month for which data has been released
The chief executive has attacked Macao’s dependence on the gambling industry, calling it out for the lack of innovation and visitor diversity in the city
Following reports of Hong Kong travellers shunning Macao for Shenzhen, Macao’s tourism officials unveil a plan to lure them back
The US dollar made up the largest proportion of international banking transactions in the fourth quarter of 2024, while the pataca was used in less than 1 percent
Average price per metre was down, however, with the price of residential units on the Macao Peninsula falling by a whopping 12.5 percent
But while last year saw more such events being staged in the SAR, the number of attendees and participants fell by 17.1 percent year-on-year
Average residential rents in Macao were up 3.9 percent last year, when compared with 2023, according to the latest figures from the Statistics and Census Service