Air Macau suffered net losses of RMB 464 million (US$67.4 million) between January and June this year, according to data from Air China released today by Tribuna de Macau newspaper.
Business
The possible decision to postpone the new round of bidding for gaming concessions is up to the government, SJM Managing Director and Chief Administrative Officer Angela Leong On Kei said on Sunday after a speaker at a seminar suggested a postponement.
The Macao government is launching a promotional campaign to attract more mainland visitors to the city from 1 September onwards.
Local residents accounted for 53 per cent of Macao hotels’ guests last month.
Macao’s general unemployment rate between May and July reached 2.7 per cent, up by 0.2 percentage points from the April-June survey period.
The value of Macao’s retail sales fell 61.3% year-on-year in the second quarter to 6.92 billion amid the COVID-19 pandemic.
Charles Chi, president of Charlestrong Café Company Limited, said in a speech on Monday that his company aimed to create a local coffee brand, “Café Diliy”, using East Timor organic coffee beans, adding he hoped that the coffee brand would become a “unique Macao souvenir”.
Macao’s preliminary balance of payments (BOP) for last year recorded a surplus of MOP 12.1 billion.
The second phase of the government’s consumption subsidy smartcard scheme injected around MOP 790 million into the local economy in 20 days.