Health services, financial services, technology and events are seen as essential secondary sectors to support Macao’s central activity of tourism.
Business
Feel like getting out of town? Expect a major increase in the number of flights as new and existing carriers add services from Macao.
The latest figures from the Statistics and Census Service show a subdued market as Macao continues to recover from the effects of the Covid-19 pandemic.
Macao’s homegrown gaming concessionaire struggled under Covid-19 restrictions and says in a regulatory filing that its losses worsened last year.
The influx of business visitors to Macao is a sure sign that the city is returning to normal after the Covid-19 pandemic, with officials hoping to stage up to 1,000 MICE events this year.
An official survey of the industry in the last months of the pandemic paints a picture of depressed wages and virtually no labour movement.
The good news? More Macao companies plan to increase wages. But before you get too excited, hikes are expected to reach modest levels only.
Weak external and domestic demand brought about by the Covid-19 pandemic caused a sharp contraction in economic activity.
Restoration of Macao’s air network continues in the wake of the Covid-19 pandemic, with services to Osaka, among others, resuming this month.