A senate committee has warned that the ousted administration’s proposed casino complexes could fuel gambling addiction, money laundering and public mistrust
Business
The rating agency warned that SJM’s leverage will remain high for the next 12 to 18 months as the concessionaire adjusts to a new normal after its satellite casinos close
Eight Macao residents from a diverse range of sectors were recognised with either an Outstanding Young Entrepreneur or a Best Cultural Innovation award
The summer holiday surge saw the SAR register more than 4.2 million visitors in August, representing a year-on-year growth of 15 percent
The Monetary Authority of Macao has reduced the local base rate by 25 basis points to 4.50 percent, aligning with a similar move by the Hong Kong Monetary Authority
The Labour Affairs Bureau wants to up the current 34-pataca rate to 35 to 37 patacas per hour, a suggestion drawing ire from the Macao Chamber of Commerce
The city’s property sales dipped by roughly 19 percent month-on-month, while the average price per square metre fell by 6 percent
An appreciating RMB has historically portended well for Macao’s integrated resorts, where more than 70 percent of visitors come from mainland China
The index for pre-sale units rose due to new property launches, but overall Macao’s residential property price index saw a decline from May to July