The Macao government is also hoping to raise the South Korean visitation levels back to the pre-pandemic figures of 800,000 within the next two years
Business
The first two days of the long weekend saw more than 303,000 people visit Macao, a decent jump up on last year’s figures
The SAR measures two unemployment rates, general and local. These were 1.9 and 2.5 percent respectively in the February to April rolling period
The sum represents the first time this year that gross gaming revenue has met the government target of at least 20 billion patacas (US$2.47 billion) a month
The collaboration with Xiaohongshu has resulted in a training programme that will help local SMEs expand their digital presence
Last month saw Macao’s average hotel occupancy rate hit 87.8 percent, with 5-star properties achieving occupancy of 90.9 percent, according to the statistics bureau
The firm noted that while the SAR still has a very low credit risk, its ‘tight economic, political and institutional’ ties with an economically battered mainland pose challenges
The first quarter’s Survey on Manpower Needs and Wages shows a year-on-year increase of 68 full-time employees in a sector that desperately needs more recruits
The Small and Medium Enterprises Working Group meeting took place in Japan last week to promote sustainable development for smaller businesses in the region