The Legislative Assembly (AL) passed on Thursday the government’s second budget amendment bill.
Business
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.
The Macau SAR government has submitted the latest amendment to the affordable housing bill, having proposed to give more weight to permanent residents as well as to their length of residence in Macau.
Fitch Ratings, the international ratings agency, has reaffirmed Macau’s credit ratings at “AA”, the Macau Monetary Authority (AMCM) said.
The first local IKEA store will open Thursday in Taipa and the online registration quota for the first week of opening is already full.
While the Chief Executive reaffirmed that the government will not lower Macau’s gaming tax rate of 35%, they will also launch a public consultation on amendments to the city’s current gaming industry law in the second half of this year.
Chief Executive Ho Iat Seng today ruled out a tax cut for Macau’s gaming operators.