Real estate associations are calling on authorities to liberalise the investment residency scheme to boost the city’s ailing property sector.
Business
Plans for the Inner Harbour casino’s long-awaited addition have been submitted to the government for approval, its co-owner confirms.
According to a new survey, retailers in Macao’s residential districts fared poorly over the Lunar New Year, while those in tourist areas saw increased sales.
Some analysts reckon that the peak of Chinese New Year saw a collective daily run-rate of one billion patacas – the highest per day seen since the start of the pandemic.
Both the volume and value of residential sales have plummeted by about 65 percent since 2019 – the last year before the Covid-19 pandemic.
The airline appears to have hired several new members of staff from BestFly Cabo Verde, which was recently hit by strikes over pay and working conditions.
The impost was levied on December’s gross gaming revenue and represents almost 9 percent of the gaming tax the Macao government hopes to collect this year.
Hotel occupancy and Macao’s major tourism markets also made a strong recovery over the eight-day holiday period, figures show.
Hong Kong regulators are concerned that an asset sale by the companies in Russia may have violated stock exchange regulations.