Property prices will face a downward correction, with local Jones Lang LaSalle (JLL) representatives yesterday forecasting a drop of up to 10 percent in prices of residential and retail units.
Business
Beijing has just approved a much-awaited blueprint to create an IT-led economic powerhouse in southern China after ironing out intricate competition and technical issues, and will unveil it in late February.
Macau’s Light Rapid Transit (LRT) trains will run daily from 6 a.m. to 1 a.m., Secretary for Transport and Public Works Raimundo do Rosario told reporters
Macau’s airport handled a record 8.26 million passengers last year, a 15 percent growth year-on-year, its operator announced Thursday.
Gaming operators such as Sands China and MGM have pulled the last straw as part of their effort to reduce their plastic footprint.
The Macau Jockey Club (MJC) has promised to spend between 3.5 billion and 4.5 billion patacas on revamping its racetrack in Taipa, lawmakers were told Thursday.
Gambling revenue in Macau rose 14 percent in 2018, the second consecutive year of gain.
Macau’s gross national income (GNI) rose by 10.3 percent year-on-year in real terms in 2017, while per-capita GNI went up by 9.7 percent year-on-year in real terms
Fitch Ratings Inc. announced yesterday that it has affirmed Macau’s long-term foreign-currency issue default rating (IDR) at “AA” with a stable outlook.