The first local IKEA store will open Thursday in Taipa and the online registration quota for the first week of opening is already full.
Business
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.
The board of directors of Sands China Ltd. announced that at the meeting of the Board held on April 17, members resolved not to recommend the payment of a final dividend in respect of the year ended December 31, 2019.
Macau’s annual Global Gaming Expo (G2E) Asia exhibition has been postponed again due to the COVID-19 pandemic, this time to December 1-3.
Government-initiated bill implementing statutory minimum wage for all workers, except domestic helpers and employees with disabilities, has been passed.
The International Monetary Fund (IMF) predicts Macau’s gross domestic product (GDP) to drop 29.6% in real terms this year.
The collection process for government-issued consumption subsidy smartcards kicked off yesterday, and by 6 p.m. over 25,000 residents had collected their cards. The process was carried out in a “good order”.
The deadline for the pick-up of the consumption subsidy smartcards has been extended to July 17.