The move will make travel from the SARs to the Chinese mainland far easier, doing away with the need to apply for visas
Business
The new organisation will be called the Commerce and Investment Promotion Institute in English, but retain the Portuguese initials IPIM
Increased visitor numbers have led to more job opportunities in Macao’s hospitality sector, while employment in construction has decreased
The new policy will see the duty-free threshold increase to 12,000 yuan, although the limit can be raised to 15,000 if a visitor shops at stores located at border crossings
As smart tables become increasingly common in Macao’s casinos, distribution of gross gaming revenue will change, according to a new study
The gaming operator’s new management intends to revitalise the company with a greater focus on global investment and mass market appeal
Macao’s real estate market saw a rise in both sales and property prices in May, a month after the axing of punitive duties intended to curb speculation
The nine-storey shopping centre will house luxury retailers such as the DFS Group and will also feature dining options in its underground floors
Five-star hotels performed the best, posting an average occupancy rate of 85.3 percent, several points higher than four-star hotels at 79.7 percent