Credit card turnover hit MOP 5.3 billion in last quarter of 2021; mobile payment tools becoming more popular.
Business
Share capital from mainland China totalled MOP 97 million, with more than a third coming from Guangdong province.
Mobile phones, watches, handbags, wallets and gold jewellery all show positive growth.
Resignation follows arrest on suspicion of money laundering, illegal gambling and organised crime as authorities clamp down on junket operators.
Once again, blame for poor performance attributed to raft of restrictions introduced to combat the Covid-19 pandemic.
Associate Billy Choi released but may not leave Macao; police point to strong evidence linking pair to organised crime, illegal gambling and money laundering.
Healthy visitor arrival numbers key to revitalising the city’s economy; government revenue projected as high as MOP 65.9 billion.
Cancelled new year banquets, few mainland visitors and rising costs likely to compel restaurants to change business model, says Andrew Chan Chak Mo.
Overall ‘tolerance’ levels continue to fall, as does air quality, but toilets are cleaner. Gaming Research Association gives no indication that Covid-19 is affecting conditions.