A total of 2,438 new companies were registered in Macao in the first half of this year, down by 25.6% year-on-year, the Statistics and Census Bureau (DSEC).
DSEC
Macao’s hotel guests dropped by 73.5% year-on-year to 1.83 million in the first half of this year, the Statistics and Census Bureau said in a statement today.
Due to the severe impact of the COVID-19 pandemic on the local economy, local residents’ unemployment rate rose by 0.6 percentage points to 3.5% in the second quarter from the previous quarter.
More than 25,000 casino workers have undergone Covid-19 tests, and all of them have been negative
The Labour Affairs Bureau’s (DSAL) Vocational Training Department Chief Cheung Wai said on Tuesday that the bureau was planning to increase the number of places in its subsidised vocational training scheme by 10,000.
In the first half of 2020, the number of visitor arrivals decreased by 83.9% year-on-year to 3,268,900, according to the Statistics and Census Service (DSEC).
Due to the COVID-19 pandemic, it now forecasts that Macao’s economy will drop by between 55.7% and 59.1% this year, in which case its gross domestic product (GDP) will return to the level it was in 2005 or 2004 in real terms.
The economic impact of COVID-19 pushed up Macao residents’ unemployment rate by 0.3 percentage points to 3.4% between March and May from the February–April survey period.
Macao’s number of visitor arrivals declined 99.5% year-on-year to 16,133 last month.