The rating agency affirmed the city’s long-term issuer default rating at AA with a stable outlook despite lowering the 2025 forecast and predicting a further slowdown in 2026
Business
Local taxi drivers fear that adding 800 more cabs to the existing fleet will intensify competition, making it even more difficult for them to find fares in off-peak times
Finance secretary Anton Tai Kin Ip has affirmed the government’s commitment to leveraging the financial sector as a key engine for Macao’s economic diversification
The investment bank forecasts 6 percent gross gaming revenue growth and 7 percent earnings growth, with a front-loaded 2026 for the local casino sector
Nvidia will be allowed to sell its second most powerful chip to ‘approved customers’ in China, with the US government set to receive 25 percent of the revenue
The Japanese currency is trading near its weakest levels since January, lowering the costs of yen-linked goods and services
Early forecasts place gross gaming revenues above 228 billion patacas for the year, exceeding the budget’s revised target set in June
The latest figures from the Statistics and Census Service underscore the continued sluggishness of Macao’s property market
A new local study found that the salaries of around 60 percent of Macao employees remained stagnant, while another 10 percent experienced a salary decrease