First quarter results are promising, however almost half the city’s traders expect business to be sluggish in the coming months.
Business
Budding scientists, financial whizz kids, entrepreneurs and techies favour the mainland over Hong Kong, but are wary of differing tax systems.
Shopping and eating prove to be among the most popular activities for mainland visitors, as is meeting up with friends and relatives.
Residents are being advised to carefully read the small print to ensure they get the benefits that suit them best.
Cost-cutting judged essential as Covid-19 and the general economic downturn continue to impact the city’s finances.
Deputies call for future gaming contracts to include job guarantees for Macao residents and more help for smaller companies.
Las Vegas Sands and Wynn Resorts have already turned away from Japan, but Galaxy chairman says the group is seeking out other locations in the country.
While the pandemic has hit Macao extremely hard, the credit rating agency remains confident that the city will bounce back in time.
SJM Holdings subsidiary Champion Moments Limited successfully issued senior notes in the Macao bond market in the amounts of HK$1.25 billion and MOP 300 million.