Local residents accounted for 53 per cent of Macao hotels’ guests last month.
Business
Macao’s general unemployment rate between May and July reached 2.7 per cent, up by 0.2 percentage points from the April-June survey period.
The value of Macao’s retail sales fell 61.3% year-on-year in the second quarter to 6.92 billion amid the COVID-19 pandemic.
Charles Chi, president of Charlestrong Café Company Limited, said in a speech on Monday that his company aimed to create a local coffee brand, “Café Diliy”, using East Timor organic coffee beans, adding he hoped that the coffee brand would become a “unique Macao souvenir”.
Macao’s preliminary balance of payments (BOP) for last year recorded a surplus of MOP 12.1 billion.
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