Macao’s lack of exports to the US means the city will circumvent the worst of Washington’s tariffs, which target 185 countries and territories
Business
According to the airlines’ China director, it will help Macao become a key cross-border e-commerce exports and cargo transportation hub in the Greater Bay Area
Washington will implement a 10 percent baseline tariff on the vast majority of imports from today, with far higher reciprocal tariffs on goods from certain markets hitting 9 April
The lifting of the ‘de minimis’ rule will see low value packages from China and Hong Kong being hit with either a 30 percent tariff or a US$25 fee from 2 May
Seaport Research Partners expects this month’s gross gaming revenue to stay flat or decline slightly following mass arrests at Macao pawn shops
Industry safety disclosures have been inconsistent, noted Cambridge academic Andrew Blake, speaking by video link at a University of Macau symposium
The SAR’s residential property transactions grew by 14 percent between the second half of February and the first half of March, while its property prices fell by 10 percent
Despite rising visitor numbers and hotel occupancy, tourists’ per-capita spending has dropped, impacting overall revenue projections for 2025
The SAR’s finance chief has offered assurance that these investments are being rigorously monitored in accordance with the operators’ current contracts