Macau’s Chinese-Portuguese electricity monopoly company CEM made a profit of about MOP 800 million (US$100 million) last year.
Business
Macau’s gross gaming revenue fell 96.8% year-on-year to MOP 754 million (US$95.1 million) in April.
The Banco Nacional Ultramarino (BNU) and the Industrial and Commercial Bank of China (Macau) signed a memorandum of understanding for the joint promotion of business between China and the Portuguese-speaking countries.
There were huge price differences of fresh pork throughout the city’s nine wet markets – vendors urged to review whether they ought to cut prices to help the population get through these difficult times in the wake of the COVID-19 pandemic.
The Legislative Assembly (AL) passed on Thursday the government’s second budget amendment bill.
IKEA opened its first store in Macau on Thursday, attracting locals who on turning up at the shop were disappointed to find out that shoppers were only allowed in through an online registration that only provided bookings until May 6, and all places are fully booked.
Las Vegas Sands Chairman and CEO Sheldon G. Adelson said in a statement released today that “the impact of the COVID-19 pandemic on our business has been unprecedented, and I have never seen anything like it in my over 70 years of business.”
Macau’s composite consumer price index (CPI) rose 2.47 per cent year-on-year last month, the Statistics and Census Bureau (DSEC) said in a statement today.