Macau’s Banco Nacional Ultramarino (BNU) is looking to increase support for the more than 40,000 small and medium-sized enterprises (SMEs) in the territory, said Carlos Cid Álvares, the bank’s chief executive told the Tribuna de Macau newspaper.
Business
Casino gross gaming revenue in Macau rose 2.8% year-on-year in September, to MOP 21.952 billion (US$ 2.72 billion)
Telecom operator CTM CEO Vandy Poon Fuk Hei said Thursday his company hopes the government will be able to start granting 5G licences next year so that his company could start the city’s 5G network service in 2020 in line with neighbouring regions.
Macau’s watch and diamond exports jumped last month, the Statistics and Census Bureau (DSEC) announced Thursday.
The University of Macau (UM) forecast Wednesday that Macau’s economy will grow 8.3 percent this year and 7.1 percent next year.
The Macau Gaming Equipment Manufacturers Association (MGEMA), the organiser of the Macau Gaming Show, will partner with two state-owned enterprises (SOEs) – Nam Kwong Culture and Creativity Industry Co. Ltd. and China National Machinery Industry International Co. Ltd. (SINOMACHINT) – at the 6th MGS Entertainment Show in November, MGEMA Chairman Jay Chun said Monday.
Local telecom companies plan to move five of their base stations away from the city’s low-lying areas and are looking for alternative locations, Post and Telecommunications Bureau (CTT) Director Derby Lau Wai Meng said Thursday.
Telecom operator CTM opened its first data centre outside Macau in Hong Kong Thursday, with the company’s CEO Vandy Poon Fuk Hei saying that it would provide an extra back-up service, as well as enhance the security and reliability of data management for its customers.
Local casino stocks retreated Monday after Typhoon Mangkhut forced a 33-hour shutdown of the world’s biggest gambling hub, a halt that’s estimated to cost the city’s six gaming operators as much as 1.5 billion patacas in revenue.