Economy shrinks by nearly 40% amid pandemic woes

The city’s economy contracted 39.3% year-on-year in the second quarter of 2022 amid the pandemic outbreak in the neighboring regions, which affected the city’s border

Minimum casino table income set at MOP7 million, tables capped at 6,000

The maximum number of gaming tables for all casinos in the city is capped at 6,000, while gaming machines have a maximum of 12,000 from

Satellite casinos find alleged increase in concessionaires’ revenue shares ‘unreasonable’

A gaming operator is reportedly planning to increase its revenue shares from satellite casinos by 5%, according to media reports, amid the public tender for a new gaming

Public consultation sectorial sessions show full support

Beginning last Friday and extending over the weekend, a series of sectorial sessions about proposed amendments to the Law on Safeguarding National Security were hosted by

Flooding deaths pass 1,000 in ‘climate catastrophe’

Deaths from widespread flooding in Pakistan topped 1,000 since mid-June, officials said yesterday, as the country’s climate minister called the deadly monsoon season “a serious

Unemployment rate reaches record high at 5.4%

The unemployment rate of local residents for May-July 2022 rose to 5.4%, a record high since 2008, according to the available data disclosed by the

SME Pavilion applications nearly doubles

  The exhibitor applications for the Macao SME Pavilion at the 27th Macao International Trade and Investment Fair (MIF), have been completed. The number of booths at

Prioritizing corporate social responsibility

Part 5: Caring for one another – Sands China stands together with the local community For 15 years now, The Venetian Macao has been reaching ever-higher levels of

Visitor arrivals reach highest August daily tally

Visitor arrivals reached 18,620 on August 27, the highest daily number since the lifting of quarantine restriction in early August, according to the Macao Government Tourism

Macau, Hengqin agree to develop tourism businesses hand in hand

A “joint discussion and construction” mechanism will be established to promote Hengqin and Macao tourism industries and realize resource complementarity and mutual assistance in tourist attraction, the

Xi replies to letter from families of ‘Lisbon Maru’ survivors

President Xi Jinping has recently replied to a letter from the families of the survivors of the “Lisbon Maru.” In the letter, Xi encouraged them to

US sails warships through Taiwan Strait in first since Pelosi

The U.S. Navy sailed two warships through the Taiwan Strait yesterday, in the first such transit publicized since U.S. House Speaker Nancy Pelosi visited Taiwan earlier

US Coast Guard cutter is denied port call in Solomon Islands

A U.S. coast guard cutter conducting patrols as part of an international mission to prevent illegal fishing was recently unable to get clearance for a scheduled port

1974 Rock fans clash with police at festival

At least 220 people have been arrested following disturbances at a rock festival in Windsor Great Park in Berkshire. Organisers of the Windsor Free Festival, which started

Series leader South Africa fails to reach LA Sevens quarters

South Africa’s defense of the rugby sevens world series title was in jeopardy after it failed to reach the quarterfinals of the series-ending Los Angeles Sevens this

Dybala helps Roma to 1-1 draw on his return to Juventus

Roma forward Paulo Dybala returned to Juventus and helped in the equalizer though his new team lost its perfect start to Serie A this weekend and

Francis praises humility of 13-century pontiff who resigned

Making a pilgrimage in an Italian mountain town, Pope Francis yesterday hailed the humility of a 13th-century pontiff who resigned to live a hermit’s life,

Audit agreement meaningful accord that can help avoid lose-lose scenario

That the Chinese and United States regulatory authorities finally reached an agreement that allows US regulators to inspect US-listed Chinese company audits is indeed an all-win outcome that

Monday, August 29, 2022 – edition no. 4083

  * Gloomy days — Economy contracts nearly 40%, while unemployment rate reaches record high at 5.4% * Gaming | Minimum casino table income set at MOP7 million * Satellite casinos find alleged increase

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