Q1 GDP 50% lower than pre-pandemic levels

The Macau SAR’s gross domestic product (GDP) has declined further, by 8.9% year-on-year in real terms in the first quarter of 2022, as a result

Employment rate remains unchanged with 13,300 jobless

The city’s total employment figure stood at 370,400 and the number of employed residents totaled 278,800 in the February to April period, down by 800

Firms to receive MOP20,000 subsidy for each local hire

The Executive Council recently finished discussing the draft of a new executive regulation allowing small and medium enterprises in Macau to receive MOP19,968 in subsidy for

Lawmaker calls for debt extension for closed SMEs

A lawmaker has called for an extension to loan repayment periods and decreases for each repayment installment for small and medium enterprises (SMEs) which have shutdown.

MICE organizers’ revenue up to MOP10m

Income of the MICE exhibition surged by 64.1% year-on-year to MOP10.19 million in the first quarter of this year. Of this, 86.5% were generated from rental

Gov’t: New Covid-19 test operator on the cards, hope for cheaper tests

A new SARS-CoV-2 nucleic acid test (NAT) operator may be approved to provide services next month, meaning cheaper tests may be possible, a senior official revealed over the

SJM to purchase Oceanus for nearly MOP2b in convertible bonds

SJM Resorts Ltd. has entered into an agreement to purchase the Oceanus building for MOP1.91 billion, which the gaming operator has deemed “imperative, as it

Gov’t to question Japan about Macau’s risk classification

Enquiries will be made to the Japanese Consulate on the country’s identifying Macau as riskier than Hong Kong, Secretary for Social Affairs and Culture Elsie Ao

Preparatory works underway for Education Fund

The Student Welfare Fund, Education Development Fund and Higher Education Fund will be merged into the Education Fund June 1. The Education and Youth Development Bureau is currently

UN human rights chief asks China to rethink Uyghur policies

The top U.N. human rights official said Saturday that she raised concerns with Chinese officials about the impact of the broad application of counterterrorism and

Beijing, Shanghai ease restrictions as outbreaks fade

Shoppers returned to the malls of Beijing yesterday as the Chinese capital relaxed pandemic restrictions after declaring a small but persistent Covid-19 outbreak effectively under control. A partial

Ex-Malaysia PM: US-led trade group intended to isolate China

Former Malaysian Prime Minister Mahathir Mohamad criticized a new U.S.-led economic grouping on Friday, saying it is intended to isolate China, and won’t benefit regional economic growth

Director Kore-eda returns to Cannes with film about baby box

Shoplifters director Hirokazu Kore-eda returns to the Cannes Film Festival with “Broker,” another tale of misfits from society’s margins. This time, the film centers on

Thai garment workers win USD8.3m in back pay after layoffs

More than 1,250 Thai workers who sewed bras for brands Victoria’s Secret, Lane Bryant and Torrid — and who were laid off last year without their

Russian troops storm city amid eastern Ukraine bombardments

Russian and Ukrainian troops engaged in close-quarter combat in an eastern Ukraine city yesterday as Moscow’s soldiers, supported by intense shelling, attempted to gain strategic footholds for conquering

1967 Egypt and Jordan unite against Israel

The King of Jordan and President Abdel Nasser of Egypt have signed a joint defence agreement.  The news came as a surprise to Egyptians and foreigners alike since

Madrid wins Champions League final marred by crowd chaos

Yet another Champions League title for Real Madrid, the undisputed king of Europe. Yet another showpiece European soccer game tarnished by chaotic crowd issues and disorder. Madrid

Rescuers close to plane that crashed in Nepal with 22 aboard

Rescuers zeroed in on a possible location of a passenger plane with 22 people aboard that is feared to have crashed yesterday in cloudy weather in

25 missing after cargo boat sinks in Indonesia

Rescuers in Indonesia were searching for 25 people who were missing after a cargo boat sank in the Makassar Strait in South Sulawesi province, officials said yesterday. 

The real estate sector and the economic slowdown in China (II)

Rising real estate prices and underlying speculation, leveraged in bank financing and intertwined with land allocated by local governments, have driven the real estate sector into an unsustainable situation. This

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