Macau’s value of retail sales fell 45.1% year-on-year to MOP 11.2 billion in the first quarter.
Business
Sands China will maintain its plans for the near future and promises to invest MOP 17.5 billion (US$2.2 billion) between this year and the next.
The number of property units sold last month fell 43.7% year-on-year to 443.
Telecom operator CTM has completed the construction of the core network for its 5G service, vowing to invest another MOP 2 billion (US$251 million) in the network for five years to continuously optimise the network.
The newspaper Bangkok Post said Saturday that the Thai government “has extended its ban on passenger flights for another month to June 30”.
A financial support guideline for the development of the Guangdong-Hong Kong-Macau Greater Bay Area has been issued, China’s central bank said.
Macau International Airport has cancelled 5,220 flights and has only 20 daily flights scheduled to operate in May.
Lau Wai Meng, one of the two vice-directors of the Economic Services Bureau (DSE), will be the new president of the Macau Trade and Investment Promotion Institute (IPIM), the Portuguese-language radio channel of public broadcaster TDM reported on Thursday.
Gaming operator Melco Resorts & Entertainment Limited reported on Wednesday an operating loss of US$149.9 million for the first quarter of this year, compared with operating income of US$191.1 million in the same quarter of last year.