The mainland city’s comparatively cheap consumer goods and dining options are major drawcards for savvy spenders from Macao and Hong Kong.
Federal General Commercial Association of Macau Small and Medium Enterprises
Travel curbs have been lifted and tourists are back, but eateries and shops are posting just negligible month-to-month gains in takings – or even outright declines.
The opening of borders has reportedly unleashed the pent-up desire of Macao’s residents to enjoy all that Guangdong has to offer, creating headaches for local retailers and restaurateurs.
Layoffs, unpaid leave and possible closures – investigation into 500 SMEs in the city paints a grim picture, with no immediate relief in sight.
Melinda Chan Mei Yi calls for aid for small entertainment venues and businesses in locked-down areas as well as long-term support for SMEs.
