Macao’s direct exposure to US trade tariffs is fairly limited but a weaker Chinese RMB could be problematic for Chinese tourists visiting the city
Business
New residential mortgage loans fell from 1.33 billion patacas (US$165 million) to 724.09 million patacas (US$89.8 million) between January and February
Some say escalating Sino-US tensions could lead to Beijing forcing American-owned casinos in Macao to divest, while others argue there are far larger targets
A firm that turns used tea leaves into construction materials has received a 10 million yuan cash injection to help it grow in international markets
The retail giant is expected to exit M8 before June, having operated in the upscale mall for less than a year
This year’s event will feature around 1,500 exhibitors, with 300 of them from overseas – an increase of almost 50 percent from last year
Industry leaders say Macao has the potential to become an e-sports hub, but its growth remains slow due to funding and infrastructure challenges
The University of Macau updated its January GDP forecast due to the US tariffs, which have led to a downturn in the global economy, sparking fears of a worldwide recession
Andy Wu of the Travel Industry Council said that the weakened purchasing power of the yuan will result in less spending in Macao by mainland tourists