The credit rating agency forecasts growth of 15 percent for this year, and 8 percent for 2025, citing strong tourism performances and policy support
Business
Exports to Hong Kong, Belt and Road Countries and the EU expanded in the first three quarters of this year, whereas exports to mainland China and the USA saw declines
Macao’s new chief executive will usher in an era of ‘much tighter oversight by Beijing,’ according to Hong Kong risk consultancy Steve Vickers Associates
Numbers from the Statistics and Census Service show that Macao’s five-star hotels fared best, with their average occupancy rates for the first nine months of 2024 going up by 6 percent compared to the same period in 2023
Of the total, 111 are in the highest category, meaning they receive average annual salaries of more than four million patacas and work in one of Macao’s emerging key industries
Japanese playing card and casino equipment maker Angel Group is set to raise its profile in Macao with the opening of a new factory in 2026
This will be the third such issuance in three years and is being described by authorities a way to support the SAR’s growing financial sector
The hotel held its official opening ceremony yesterday, with Galaxy Entertainment Group’s vice chairman Francis Lui hailing Raffles for its ‘exceptional luxury service’
Robert G. Goldstein, chairman and CEO of Las Vegas Sands, said Sands China was positioned well ‘as the recovery in travel and tourism spending progresses’ in Macao