Down more than 10 percentage points month to month, Macao’s hotel occupancy rate for September was back where it was near the start of the year.
Business
The legislation is geared to helping Macao become a financial hub as part of the SAR’s plan to reduce its overwhelming economic dependency on gaming.
Strong promotional campaigns for the iconic motor-racing event should ensure a healthy influx of visitors during November, officials say.
The airline says it’s working with Indonesia’s civil aviation authority to resolve the issue, but it does not appear to be selling flights on this much-anticipated route for the foreseeable future.
Holograms and iridescent paint will be a feature of the new notes, which are expected to go into circulation early next year.
Underemployment is down slightly, with more work cropping up in the construction sector, while median monthly earnings have remained the same.
The local government is keen to lure medical, tech and finance professionals to come and work in Macao as part of the territory’s economic diversification.
The post-summer slump is evident. Recent holiday tallies suggest the month of October will be better, however.
Macao’s better than expected tourism recovery has led to predictions of a major rebound in the economy this year.