The windfall was part of a bid to boost international tourism, focusing on travellers from Southeast Asia, South Korea and North America
Business
Weak consumer confidence in the mainland and a high non-performing loan ratio are among hurdles the association noted for Macao’s economy
Portuguese delegates to the Macau International Fair, which begins tomorrow, are being encouraged to visit the Chinese mainland now that visas are not required
September’s total gaming tax haul came in at 7.62 billion patacas, tipping 2024’s total to date over the 65.3 billion patacas earned across 2023
Compared to the previous three months, the Tourist Price Index for the third quarter of 2024 went up by more than 4.4 percent
August saw a month-on-month decrease in the amount of money Macao banks lent to both residential and commercial property buyers
The head of the Marine and Water Bureau says an average of just 15,000 to 17,000 passengers use the Macao-Hong Kong route each day
Many Macao firms are set to benefit from the amendments, which will make it easier to do business in the vast mainland market from 1 March.
Faith in the local economy and investing in shares have taken a beating, but confidence in the standard of living and commodity prices showed modest increases