Author: Lynzy Valles, MDT
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Guangdong sees nearly RMB3 billion in property purchases from Macau, Hong Kong buyers
Buyers from Macau and Hong Kong have spent approximately RMB2.99 billion on homes in Guangdong province over the past year. According to data from the People’s ... -
January sees over 2,500 communicable disease cases
The Health Bureau (SSM) has reported 2,529 cases of notifiable communicable diseases for January. The top three diseases with the highest number of reported cases were ... -
Property market poised to continue struggling, while rents set to rise
The property sector’s rental performance improved last year; however, prolonged high-interest rates dampened investment sentiment, leading to sluggish property sales. According to JLL’s “Macau Property Market ... -
Sam Hou Fai admits city is facing intensified competition amid global uncertainties
Chief Executive Sam Hou Fai emphasized the urgent need for economic adaptation amid global uncertainties as the city faces “intensified competition.” In his speech at the ... -
Water supply hits record high in 2024, expected to rise further
Macau’s water supply surpassed 100 million cubic meters in 2024, marking a historic high and a 5.6% annual increase, according to Nacky Kuan, executive director of ... -
SMEs’ approved credit limit plunges 26%
New small and medium-sized enterprise (SME) credit limits approved by local banks in the second half of 2024 totaled MOP3.3 billion, down 25.9% from the first ... -
Stricter than Korea: Thailand’s proposed casino bill discourages working class from gambling
Thailand’s revised draft of the entertainment complex bill outlines strict conditions for the implementation of casinos, with local punters being required to have at least THB50 ... -
Airport expects 8.5 million passengers this year, aims to expand flight connections
The Macau International Airport anticipates handling 8.5 million passengers and 6,600 flights this year, reflecting year-on-year growth of 8% and 10%, respectively. This projection follows a ... -
Wong Kit Cheng urges need to raise maternity leave to 90 days
Lawmaker Wong Kit Cheng has emphasized the urgent need to raise maternity leave benefits to 90 days, aligning with the same duration offered to civil servants, ... -
Ella Lei advocates focusing on road safety over penalties for pedestrians and drivers
Lawmaker Ella Lei has affirmed that the committee is focused on improving road design to prevent accidents during the ongoing discussions regarding the revision of the ... -
UN warns Macau has one of the alarmingly lowest fertility rates
Macau’s declining birth rate has become a significant demographic concern, reflecting broader trends across China, Hong Kong, and Taiwan. As fertility rates in these regions hover ... -
Gov’t maintains parcel ban despite USPS policy reversal
The Macao Post and Telecommunications Bureau has confirmed that it will maintain its stance on suspending the delivery of parcels to the US amid the reversal ... -
Ron Lam urges gov’t to revise wealth partaking measure
Lawmaker Ron Lam has called for a clearer definition of the government’s Wealth Partaking Scheme, urging officials to clarify whether it is intended as a ... -
Lawmaker calls for enhanced support for employment of people with disabilities
Lawmaker Ho Ion Sang has raised concerns about the ongoing challenges faced by persons with disabilities (PWDs) in securing employment, despite various initiatives launched by the ... -
Rainwater pumping station nears completion, set to ease flooding: DSOP
Works on the Rainwater Pumping Station and Drainage system in the southern part of the Inner Harbour is in its final phase, with the project on ... -
Macau rings in Year of the Snake with float parade and festivities across old districts
The Parade for Celebration of the Year of the Snake is set to dazzle Macau between January 31 and February 16, featuring two grand float parades ... -
Casino revenues to grow in 2025, but fall short of pre-pandemic levels, analysts say
Macau’s gaming revenues are projected to grow by up to 7% in 2025, boosted by a recovery in the real estate sector and improved consumer confidence ... -
Merchandise trade declines, marking decrease in imports and exports
Macau’s external merchandise trade totaled MOP142.15 billion in 2024, a decrease of 8.2% from MOP154.78 billion in 2023, according to the Statistics and Census Service (DSEC). ... -
CNY hotel occupancy reaches pre-pandemic levels
Hotel booking rates in Macau are seeing a significant boost as the Lunar New Year approaches, with Cotai hotels reaching approximately 90% occupancy. Jocelyn Wong, president of ... -
Cross-border traffic surge as city sees increase in vehicle registrations and air travel
Macau’s cross-border traffic saw a significant rise in 2024, with the number of trips by vehicles, passenger ferries, and commercial flights all experiencing notable increases. According ... -
‘U-shaped’ recovery anticipated for the property market in 2025
Centaline Property expects the Macau property market to follow a “U-shaped” recovery in 2025. The forecast was shared during an event earlier this week, where the ... -
Macau-based investor increases stake in Star Entertainment amid financial struggles
Star Entertainment’s financial woes have taken a curious turn as Macau-based businessman Xingchun Wang increased his stake in the company for the second time in a ... -
Touted as Macau’s threat, Thailand approves draft bill to legalize casinos
Thailand’s Cabinet approved a draft bill yesterday to legalize casinos with the aim of boosting tourism and addressing a sluggish economy. Currently, some forms of gambling, ... -
Firms plan a salary increment of 2.7% in 2025
The recent survey reveals that the average planned salary increment across participating organizations is 2.72%, reflecting a decline of 0.26% from the previous year’s average of ... -
GDP projected to grow by 7.7% in 2025 amid global uncertainties
The local economy is expected to grow by 7.7% in 2025, despite facing challenges from a slowdown in China’s economic growth and uncertainties in global economic ... -
Gov’t braces for flu season with range of emergency response measures
The Health Bureau (SSM) unveiled plans to tackle the autumn and winter influenza surge by allocating manpower and medical resources based on real-time monitoring of patient ... -
Hong Kong’s role as a ‘superconnector’ to Southeast Asia gains recognition
On the agenda Hong Kong is increasingly seen as a vital “superconnector” to Southeast Asia by businesses in the Greater Bay Area (GBA), according to a ... -
Flu consultations surge by 53% at Kiang Wu
Kiang Wu Hospital has reported a significant increase in flu-related consultations at its emergency department, with visits rising by 53% last week compared to the previous ... -
Airport records 7.6m passengers in 2024
Macau International Airport (MIA) has marked a significant milestone in 2024, recording over 7.64 million passengers, an increase of 48% compared to the previous year. Flight movements also surged, ... -
Only 38% willing to have children
A recent survey conducted by the Chinese Youth Advancement Association shows that while nearly 56% of respondents aged 18 to 35 express a desire for marriage, ... -
sworn in, backed by Beijing’s confidence
New Chief Executive Sam Hou Fai — Macau’s first leader born in mainland China — was sworn in Dec. 20, as Macau’s sixth-term Chief Executive during ... -
From sleepy monopoly to world’s biggest gaming market
Millions of visitors from around the world flock to Macau each year, a city that has evolved from a quiet destination into the “Gambling Capital of ... -
A legal legacy in limbo
The handover of Macau marked a significant transition on December 20, 1999, establishing a legal framework intended to ensure stability and continuity. Yet, as time passed, ... -
Private doctors may soon issue medical certificates, says André Cheong
Secretary for Administration and Justice, André Cheong, acknowledged that in the future, private physicians may be permitted to issue medical certificates to all residents. The Legislative ... -
Chamber raises concerns over cybersecurity bill draft
The Portugal China Chamber of Commerce & Industry (CCILC) has expressed concerns over the Portuguese government’s cybersecurity bill draft, noting that provisions could unfairly restrict technology ...
