Macau's gross gaming revenue fell 94.5% year-on-year to MOP 1.344 billion (US$168 million) in July.
1 Aug, 2020
The number of residential and commercial property sales plunged in the first half of the year amid the ongoing coronavirus-induced economic recession. According to real estate experts, the situation today is similar to 2014, when the property market was reeling from a sharp contraction in gross gaming revenue.
23 Jul, 2020
Galaxy Macau’s JW Marriott Hotel has reopened its Urban Kitchen restaurant with a new buffet-dining concept and limited-time discount.
10 Jul, 2020
The public Macau Institute for Tourism Studies (IFTM) said in a statement that it continues its effort to support small businesses during the COVID-19 pandemic through student projects.
10 Jul, 2020
The public University of Macau (UM) and state-owned Nam Kwong Petroleum & Chemicals Co. Ltd. (NKOIL) have signed a strategic cooperation framework agreement.
6 Jul, 2020
Macao's merchandise imports fell by 39.1 percent year-on-year in May, while exports dropped by 24.2 percent .
30 Jun, 2020
Joint Announcement of People’s Bank of China, Hong Kong Monetary Authority, and Monetary Authority of Macao on Launch of Cross-boundary Wealth Management Connect Pilot Scheme in Guangdong-Hong Kong-Macao Greater Bay Area
30 Jun, 2020
Local telecom operator CTM CEO Vandy Poon Fuk Hei said on Monday that his company was ready to launch its 5G service as soon as the government issues the operating licence.
30 Jun, 2020
The deputy secretary-general of the Forum Macao, Rodrigo Brum said that Portuguese-speaking countries – namely Portugal – should take more advantage of this organisation to attract Chinese foreign investment, namely in greenfield investments.
29 Jun, 2020
Macao's top telecom operator CTM reported a net profit of MOP 1.01 billion last year, a 7% year-on-year increase.
25 Jun, 2020
The installation of a 5G network for full outdoor coverage will be completed at the end of this month and introduce a string of new technologies.
24 Jun, 2020
The Monetary Authority of Macao (AMCM) announced on Wednesday that it has fined a local jewellery shop MOP 400,000 for illegal currency exchange activities.
18 Jun, 2020
The new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) by Macao banks both decreased in April 2020.
12 Jun, 2020
Macau has moved up 23 places to 48th among international convention cities worldwide, according to the “International Meetings Market 2019 Report” recently published by the International Congress and Convention Association (ICCA).
26 May, 2020
The average earnings – excluding bonuses – of the banking sector’s full-time employees rose 5.2% year-on-year to 30,460 patacas in March.
26 May, 2020
Macau’s value of retail sales fell 45.1% year-on-year to MOP 11.2 billion in the first quarter.
26 May, 2020
The number of property units sold last month fell 43.7% year-on-year to 443.
19 May, 2020
Telecom operator CTM has completed the construction of the core network for its 5G service, vowing to invest another MOP 2 billion (US$251 million) in the network for five years to continuously optimise the network.
18 May, 2020
Macau International Airport has cancelled 5,220 flights and has only 20 daily flights scheduled to operate in May.
15 May, 2020
Lau Wai Meng, one of the two vice-directors of the Economic Services Bureau (DSE), will be the new president of the Macau Trade and Investment Promotion Institute (IPIM), the Portuguese-language radio channel of public broadcaster TDM reported on Thursday.
15 May, 2020