The Austrian Chamber of Commerce in Hong Kong and Macao has become the latest National Chamber Member of the Macau European Chamber of Commerce (MECC), MECC President Carlos Duque Simões said in a speech on Thursday.
Business
Wynn Resort (Macau) hosted the 2020 Wynn Local SME Procurement Partnership Meeting and E-Commerce Forum on Wednesday, aiming to serve as a starting point for the transformation and upgrading of local small and medium-sized enterprises (SMEs).
The tentative opening date of the Londoner Hotel, located where Holiday Inn was previously, is in February, Sands China President Wilfred Wong Ying-wai said on Wednesday.
Chinese New Year (CNY) Market 2021 auctions were “less heated” than previous years, the head of Municipal Affairs Bureau (IAM) Vender Division Kam Chi Wai told reporters on Wednesday after the auctions for the incense and windmill booths in front of A-Ma Temple and Kun Iam Temple.
Macao’s value of retail sales rose 29.4%t quarter-to-quarter to MOP 8.92 billion (US$1.12 billion) in the third quarter, the Statistics and Census Bureau (DSEC) said in a statement on Tuesday.
The Macao government is expected to make a capital injection into Air Macau – which will be the company’s third capital increase since 2009 – due to the company’s financial situation as a result of the Covid-19 pandemic, Tribuna de Macau newspaper writes today.
The development of a financial services platform in Macao, able to offer new services such as credit insurance, will demand “many” specialised staff and training, according to economist Rodrigo Brum.
Gaming and junket activities’ share of Macao’s gross domestic product rose by 0.2 percentage points from 50.7 per cent in 2018 to 50.9 per cent last year.
Macao’s gross domestic product (GDP) dropped by 63.8% year-on-year in real terms in the third quarter of this year.