The US-headquartered bank is winding down its business in Macao due to ‘strategic policy adjustments,’ ending a connection that dates back to 1902
Business
A fiat-linked digital currency bill is progressing through US legislation just weeks after Hong Kong passed its own stablecoin law
South Korea is currently Macao’s largest source of international visitors and its fourth largest overall tourism market
The city bagged first place in the China Tourism Academy ranking for outbound destinations, garnering praise for its entertainment and leisure offerings
Losses increase by 187 percent year-on-year, marking the fifth consecutive year in the red for the local carrier
The latest figures from the Macau Hotel Association point to an average occupancy rate of 93 percent for May, with 3-star hotels significantly above that
The 10-week initiative saw 250 million patacas in e-vouchers redeemed, channelled to some 20,000 businesses across Macao’s ailing retail sector
Neither the identity of the buyer nor the price have been disclosed, although one unverified media report claims it went for a massively discounted HK$400 million
The month was Macao’s second best performer in the year to date, with a total 3,372,081 visitor arrivals or a year-on-year increase of 25.3 percent