A law proposing increases across all minimum wage categories, has been finalised for Legislative Assembly review, with the new rates set to take effect from 1 January 2024.
Business
Just over half of passengers flew in or out of the mainland, and more than a third used Southeast Asian routes.
Macao’s tourism authorities want more foreigners to visit Macao to reduce the city’s reliance on gamblers from mainland China.
It’ll all be on at the Venetian Macao, which is playing host to MIF, MFE, and C-PLPEX between 19 and 22 October.
Although mainland China’s economy is faltering, the credit agency backs Macao to perform better than expected in 2023.
Enterprises with bank loans will be able to defer payments of principal amounts for another year, and instead focus on interest repayments.
The latest Consumer Confidence Index shows people are increasingly optimistic about the local economy – though there’s certainly room for improvement.
A new survey finds that many in the local food and beverage sector earn less than the average monthly wage.
JP Morgan’s figures suggest the holiday saw higher daily revenue averages than any post-pandemic period to date.