Q3 retail revenues up MOP16b

The value of retail sales in the third quarter of 2021 totaled MOP15.98 billion, up 78.1% year-on-year, but coming from a low base. Discounting the effect of price changes, the sales

Covid-19 | Gov’t pleased with Health Code app usage

In the Novel Coronavirus Response and Coordination Center press briefing yesterday afternoon, Dr Leong Iek Hou said authorities are happy with the results recorded one week after the new system

JPMorgan’s Dimon regrets joke about Chinese Communist Party

JPMorgan Chase CEO Jamie Dimon said last week that “he truly regrets” a quip he made this week about JPMorgan outlasting the Chinese Communist Party. Dimon was speaking at an event

Fitch Ratings: Zero Covid strategy hampers SAR’s gaming recovery

China’s zero Covid policy is slowing Macau’s recovery and its new concession process, according to the report, Fitch Ratings 2022 Outlook: Global Gaming. According to the American credit rating agency, global

Wynn issues investor alert after court defeat

Wynn Macau’s chairman, Allan Zeman, has stated in a filing submitted to the Hong Kong Stock Exchange that the company will be jointly liable with Dore to pay HKD6 million,

Policy Address | André Cheong: 2022 will mostly be a year of continuity

Despite the large number of items mentioned in the presentation of the Policy Address for 2022 (LAG22) for the Secretariat of Administration and Justice, Secretary André Cheong noted that the

Cloee Chao asks gov’t to encourage casinos to issue subsidy to all employees

Many employees of the six gambling concessionaires are demanding an extra month of salary before Chinese New Year as a winter livelihood subsidy, Cloee Chao, president of the New Macau

Gov’t reinstates seven-day NAT validity for plane passengers

Individuals intending to leave Macau on a civil aviation flight are now required to present a nucleic acid test (NAT) certificate with a validity of seven days from the day

New Zealand to start reopening borders to world from January

New Zealand will reopen its borders to the world over the coming months, the government announced yesterday, allowing for the return of displaced residents from January and tourists from April. The

TUI rules against gaming operator on Dore case

The Court of Final Appeal (TUI) has ruled in favor of the former gaming promoter Dore Entertainment Company Limited (Dore), finally deciding that the gaming concessionaire Wynn Macau Limited (Wynn

13% fewer practitioners engaged in cultural sector

According to the latest statistical data released by the government’s Statistics and Census Service, the city had 2,483 organizations in its cultural industry, equating to about 282 residents per each

Gaming | Casino stocks surge amid China-HK border reopening optimism

Macau casino stocks in New York surged by up to 6.19% yesterday as a result of speculation that Hong Kong’s border will soon reopen. This comes after a delegation of medical

Hazardous materials warehouse to be ready by September 2022

The hazardous materials warehouse in which the government plans to keep all inflammable, toxic, and dangerous materials will be ready by September next year, the Secretary for Security, Wong Sio

Japan, Vietnam look to space and cyber defense against China

Japan and Vietnam yesterday signed an agreement to cooperate in space defense and cybersecurity, as the two Asian nations rapidly step up their military ties amid concerns over China’s growing

Ngan and Zheng worried about the lack of solutions for hiring domestic workers

Lawmakers Ngan Iek Hang and Zheng Anting have presented two separate spoken inquiries to the government continuing to call on the executive to find an urgent

Covid-19 | Gov’t authorizes Sinopharm vaccine for children over three years old

Macau has approved lowering the age limit for China’s inactivated vaccine to three years old, down from 12 years of age, starting from today.  According to the

Cultural and creative industry calls for support in policy

Certain practitioners from the cultural and creative industry gathered at a forum to discuss their difficulties and called on the government to provide assistance in the form

CCAC probe underway as HK finds alleged bribery over Macau firm listing

The corruption watchdog is currently investigating possible offences committed by a group of accounting staff that allegedly accepted bribes totaling over HKD1 million from the

South China Sea | Xi says Beijing will not seek dominance over Southeast Asia

Chinese leader Xi Jinping yesterday said his country will not seek dominance over Southeast Asia or bully its smaller neighbors, amid ongoing friction over the South China

Economy | GDP growth rises sharply in Q3 driven by tourism rebound

Macau’s gross domestic product (GDP) increased by 32.9% year-on-year in real terms in the third quarter of 2021, notching positive growth for two consecutive quarters. Including this quarter’s increase, the city

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