Macao’s Tourist Price Index has registered a steep rise in the cost of tourist accommodation compared to the last quarter of 2022.
Business
Light shows and colourful displays have been unveiled in the centre of the Portuguese capital to lure holidaymakers to Macao.
The territory’s top official said that he was putting a fact-finding trip to Europe’s biggest bond market in Luxembourg on the itinerary of his upcoming overseas trip.
The global financial institution expects Macao to come roaring out of the pandemic and sustain double-digit growth into 2024.
The exclusive facilities seem to have been set up in response to official calls for Macao to reduce its dependence on the mainland Chinese gaming market.
A new report concludes that the slow approval process for foreign hires and post-pandemic competition for labour from other Asian resorts is harming the local gaming sector.
Operation of the 1.6-kilometre line, which connects Seac Pai Van station and a station at the new Islands Healthcare Complex, is expected to begin next year.
A company official told local media that it was hoping to move to a 15-minute schedule as soon as there was sufficient passenger volume.
Visitors to the territory over the long weekend don’t appear to have read the memo on Macao’s economic diversification.