Macao’s preliminary balance of payments (BOP) for last year recorded a surplus of MOP 12.1 billion.
Business
The second phase of the government’s consumption subsidy smartcard scheme injected around MOP 790 million into the local economy in 20 days.
The average earnings (excluding bonuses) of the gaming sector’s full-time employees amounted to MOP 23,200 (US$ 2,900) in June, a year-on-year decrease of 5.5%.
Macao’s Gross Domestic Product (GDP) dropped by 67.8 per cent year-on-year in real terms in the second quarter of 2020, representing a greater decline compared to the previous quarter.
Hong Kong announced that the Comprehensive Avoidance of Double Taxation Arrangement (CDTA) with Macao has entered into force
Melco Resorts & Entertainment Limited announced on Thursday that its total operating revenues for the second quarter fell about 88% to US$0.18 billion.
Investment holding company Macau Legend Development Limited said this week that it expects to record an unaudited consolidated loss attributable to equity holders of the company of approximately HK$490 million for the first half of this year, as compared to approximately HK$107 million in the same period of last year.
The immigration authorities of Macao and Zhuhai declined to estimate the number of visitor arrivals through the new Hengqin Port during the upcoming Chinese National Day holiday in the first week of October, commonly known as Golden Week.
The new Macao-mainland joint Hengqin checkpoint that opened Tuesday cuts clearance time to about 30 seconds.