New figures from the Monetary Authority of Macao show loans for residential real estate plummeting on a month-on-month basis.
Business
Average daily visitor arrivals should bounce back with the Mid-Autumn and National Day celebrations, officials say.
The development of the local bond market, and other financial services, forms a key part of the territory’s economic diversification strategy.
The Labour Affairs Bureau has met with workers’ representatives, who say reforms are needed now that Macao is on the road to economic recovery.
Though total numbers are still modest, Indonesia is the SAR’s second biggest source of foreign visitors. The government is on a mission to boost arrivals.
A proposed connection, which would integrate with the LRT, could link Macao to Guangzhou’s international airport, among other destinations.
DSL and MdME will soon be a single entity – called MdME – with offices in Macao, Hong Kong and Lisbon.
However, the figure for August is still only 71 percent of the sum registered for the same month in 2019, the last year before the Covid-19 pandemic.
The gaming operator’s net revenue more than doubled in the first half of 2023, year-on-year, resulting in losses after tax of HK$1.4 billion for the period.