Author: Lynzy Valles, MDT
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Average earnings up from low base in 2020
In June 2021, the average earnings (excluding bonuses) of full-time employees engaged in wholesale and retail trade were MOP14,490, up by 7.7% compared to December 2020 ... -
Environment | Further awareness needed amid banning of single-use plastic straws
The import and trading of plastic straws is set to be banned by January 1, 2022, a move environmentalists deem as “baby step” into turning the ... -
Tourism arrivals gain momentum following extension of NAT
Macau recorded over 21,000 tourist arrivals on Wednesday — the highest number of visitors in a single day following the tightening of border measures in early ... -
Agnes Lam pledges to promote employment opportunities
Reports indicate that that non-Chinese local residents who speak the local language but who nevertheless cannot read or write characters may be suffering from discrimination in ... -
Singapore approves nearly 250 arrivals from Hong Kong, Macau
Singapore has approved nearly 250 short-term visitors from Hong Kong and Macau following the easing of border measures for arrivals from the two Special Administrate Regions. ... -
Foreign domestic worker arrivals in Hong Kong to be ‘rationed and controlled’
Hong Kong has reserved a hotel with about 400 rooms to house domestic workers entering the city as part of special arrangements negotiated with the government ... -
Gov’t has no plans to mimic Hong Kong’s reopening for vaccinated domestic workers
Despite the Hong Kong government approving foreign domestic helpers to enter the city from as early as September, Macau has no similar plans. Considering countries such ... -
Sichuan state-owned firm lists USD400m senior notes on dual listing bond
Sichuan Development Holding Co., Ltd. (SDH) recently listed USD400 million senior unsecured notes on both the local Macau and overseas Luxemborg bond markets, representing the first ... -
Covid-19 | UK approves monoclonal antibody cocktails, SAR awaits safety data
Following attempts to prevent the rapid spread of Covid-19 and variants, and after global discussions on booster shots, the United Kingdom (UK) has approved an antibody ... -
Anima close to MOP800,000 goal following appeal
Animal rights group Anima Macau has nearly reached its goal of raising MOP800,000 this month. Honorary president of the group, Albano Martins, said that they ... -
July visitors rebounded 49% m-o-m
Macau saw a total of 789,407 visitor arrivals in July, a rise of 49.4% month-on-month (m-o-m). This followed a plunge in numbers last month, according to ... -
Singapore lifts quarantine for travelers from Macau, Hong Kong
Singapore is slated to lift its border restrictions for visitors from Hong Kong and Macau. Travelers will be able to apply for entry to the country ... -
Slight rebound in visitor arrivals two weeks after Delta cases
Macau has seen a recent increase in daily arrivals following the 78% drop from the July numbers in the second week of August due to the ... -
Visitor spending grows despite June arrivals dip
Total visitor spending (excluding gaming expenses) grew 15.9% quarter-to-quarter to MOP7.16 billion in the second quarter of 2021. This growth can be attributed to the 25.9% ... -
Property transactions surge up to MOP16b in April-June
The total transaction value of building units and parking spaces rose by 37.4% and 52.0% respectively quarter-on-quarter, together amounting to MOP15.99 billion. According to data from ... -
Hong Kong official backs sanctions law as NPC talks on national laws for SARs approach
Hong Kong Financial Secretary Paul Chan is backing local legislation to include Beijing’s anti-sanctions law in Hong Kong’s constitution. In his blog, Chan wrote that the ... -
Gaming | GEG sees revenue grow to HKD10.7b in H1
Galaxy Entertainment Group (GEG) posted a net revenue of HKD10.7 billion in the first half (H1) of the year, a surge of 71% year-on-year, with Adjusted ... -
Anima appeals for financial support of ‘at least’ MOP4 million
Animal rights protection group Anima Macau is again appealing to the public for financial support, with an urgent need to find “at least MOP4 million.” The ... -
Gaming | Wynn’s Q2 earnings driven by ‘strong’ performance in April-May
Wynn Resorts’ Macau operations delivered USD67.6 million in EBITDA in the second quarter (Q2) on USD454.4 million of operating revenue. In a conference call with analysts, ... -
Gaming | MGM sees revenue nearly double in 1H
MGM China saw a 45% rise in its market-wide gross gaming revenue (GGR) for the first half (1H) of 2021, recording a total revenue of approximately ... -
Businesses reported to have reduced employees’ schedules amid outbreak
A few businesses are reported to have already reduced the working hours of its employees due to the Covid-19 outbreak in the city and in response ... -
Gaming | SJM records 18.9% revenue increase in H1
SJM Holdings recorded an increase of 18.8% in its net gaming revenue in the first half of the year (H1) amounting to nearly HKD5.1 billion, up ... -
BREAKING NEWS | Delta variant confirmed in four new cases
The four new confirmed cases are infected with the highly-contagious Delta variant, according to the Novel Coronavirus Response and Coordination Centre. Macau entered “immediate prevention status” ... -
SJM to reallocate 118 gaming tables to Grand Lisboa Palace
SJM Holdings Ltd is set to reallocate 118 gaming tables from other properties to its newly opened resort in Cotai, Grand Lisboa Palace, the company’s chairman ... -
Long way to go for real estate market recovery: JLL
The city’s property market remained stagnant with no significant improvement despite the increase in visitors since the reopening of the border with China last year. This ... -
Hotel occupancy rate drops to 45% in June
The average occupancy rate of guest rooms surged by 33.5 percentage points year-on-year to 45.3%, according to recent data revealed by the Statistics and Census Service. ... -
Gaming | Mass, premium market players drivers of Melco recovery
Melco Resorts & Entertainment Limited’s operating loss for the second quarter of 2021 has narrowed to USD128.1 million, compared to the operating loss of USD370.8 million ... -
NPC mulls adding national laws to Hong Kong, Macau
China’s highest legislative body is set to discuss adding national laws to the annexes of the charters of both Hong Kong and Macau, according to a ... -
Grand Lisboa Palace to partially open tomorrow
The Grand Lisboa Palace will hold a partial opening tomorrow, July 30: a month later than the expectations of its operator SJM Resorts, whose revised predictions ... -
Gaming | GGR on a downward trend last week: Bernstein
The average daily gross gaming revenue from July 19 to July 25 was MOP257 million, 14% lower than the MOP300 million recorded the week prior, ... -
Covid-19 | Delta variant in 59th case
Macau recorded a case of the highly contagious Delta variant of Covid-19 after a 31-year-old local resident, who arrived from Germany on Saturday, tested positive for ... -
Art Macao | Wynn exhibition to walk public through journey of Chinese artistic treasures
Wynn is organizing a special exhibition under the theme of “Illusions and Reflections – Through the Eyes of the Masters” as part of the Art Macao: ... -
BREAKING NEWS: Six candidate lists proved to ‘not supporting the Basic Law’ disqualified
A total of 21 aspiring candidates in six groups for this year’s Legislative Assembly (AL) election were disqualified due to “factual evidence” proving that they neither ... -
Melco launches share purchase program for furloughed employees
Melco Resorts & Entertainment Limited announced a Share Purchase and Award Program for employees who agreed to participate in the company’s voluntary leave program in 2020. ... -
Association launches petition to oppose revision of migration bill
The New Macau Association (ANM) is petitioning to oppose the government’s revision of the migration bill, which proposes to relax the requirements for temporary residency ...
