Eligible individuals will be able to apply for the new Mainland Travel Permit starting from 10 July via China Travel Service’s offices in Macao or Hong Kong
Business
The average property price remained fairly stable, but property transactions dropped in the peninsula Taipa and Coloane
Official estimates indicate that tourist arrivals are expected to stay flat this summer on a year-on-year basis
The probe comes amid widespread dissatisfaction over the difficulty of getting a taxi in Macao, which has far too few taxis to meet demand
Analysts were expecting a slump in gross gaming revenue following the traditionally busy May Day holiday period
The move will make travel from the SARs to the Chinese mainland far easier, doing away with the need to apply for visas
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