Macau is in a technical recession after gross domestic product (GDP) fell by 1.8 per cent year-on-year in real terms in the second quarter and by 3.2 per cent in the first quarter.
Business
Nearly 15%of Macau’s employees worked for the gaming sector in the second quarter of the year.
Macau won the “Best MICE City – Asia” award at the “1st M&C Asia Stella Awards 2019” event in Singapore.
Companies from Portuguese-speaking countries that plan to enter the Greater Bay Area via Macau can benefit from the financial leasing service of Banco Nacional Ultramarino.
Ho Iat Seng’s government will spend public money “wisely” with the aim of ensuring that public expenditure is always on the right track.
As the 2022 concession expiry date looms closer, analysts start to weigh in on the possible scenarios.
Ongoing Sino-US trade war, and the current situation in Hong Kong have deeply impacted Macau’s economy.
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.