Ongoing Sino-US trade war, and the current situation in Hong Kong have deeply impacted Macau’s economy.
Business
Galaxy warned of “increasing competition from regional integrated resorts that are actively targeting the [mainland] Chinese market.”
Due to the impact of the Sino-US trade war, the yuan’s exchange rate would float in the short run.
Bill passed enabling Macau to formally engage in the international trade in rough diamonds.
The controversial bill proposing the transfer of MOP 60 billion for setting-up MSAR Investment and Development Fund is to be withdrawn from Wednesday’s plenary session agenda.
Macau’s discount window base rate has been lowered by 25 basis points to 2.5%
Gross gaming revenue (GGR) in Macau casinos dropped 3.5 percent in July from a year earlier, according to data released today by the Gaming Inspection and Coordination Bureau (DICJ) .
Complete construction of Grand Lisboa Palace integrated resort in Cotai scheduled by the end of this year.
The government plans to set up the local version of a “sovereign wealth fund” with a proposed capital of 60 billion patacas.