Two development plans launched for ZAPE economy

Wu Tat Chong With satellite casino closures set for the end of the month, the Industry and Commerce Association of Macau launched a Business District Revitalization

Macau Food Festival closes with stronger sales

The 25th Macau Food Festival concluded on Sunday after a 17-day run at Sai Van Lake Square, drawing steady crowds through its final evening.

Gov’t grants MOP2.5 billion in SME loan interest subsidies

The small and Medium Enterprises (SME) interest subsidy scheme, launched in April, has provided up to MOP2.5 billion in support by September, according to Portuguese newspaper Ponto

Centaline: Neighborhood retail spaces see uptick as rents stabilize

The neighborhood retail rental market is showing early signs of recovery, with a noticeable rise in leasing inquiries and gradual improvement in market sentiment, according to

Restaurant revenues rise 3.4% in 2024, losses narrow

The city’s restaurant and similar establishments saw modest growth in 2024, according to data from the Statistics and Census Service (DSEC). Total receipts for

Retailers boost weekend promotions as smaller vouchers slow redemption

The citywide consumption campaign is showing signs of uneven impact on local retail activity, with smaller voucher denominations contributing to weaker redemption momentum. According

First-store economic plan launched to boost local retail environment

A new initiative aimed at attracting non-local brands to open their first outlets in the city was announced Wednesday by local authorities. The “Program to Support

E-payments through catering, retail industries see summer surge in July

Electronic payment transactions across the catering and retail sectors experienced a significant month-on-month increase in July, according to the latest data from the Statistics and Census

11 tech firms earn certification under tech innovation scheme

Signaling progress in the city’s efforts toward moderate economic diversification and high-tech industry growth, the Economic and Technological Development Bureau (DSEDT) has certified 11 more technology

Gov’t launches support to local heritage and specialty stores

DSEDT director Yau Yun Wah The Economic and Technological Development Bureau (DSEDT) unveiled three new assessment schemes – “Century-old Brand,” “Macao Classic Brand,” and “Expertinctive Shops” –

Gov’t launches launches MOP485 million discount campaign to boost spending

Macau will roll out a new MOP485 million discount campaign next month to spur domestic spending, offering expanded benefits for seniors and people with disabilities as

Retail sales ease decline in Q2

Macau's retail sector saw a modest improvement in the second quarter of this year, with sales totaling MOP15.97 billion, according to data released by the Statistics and

ZAPE food market attracts 25,000 visitors: MGTO

The ZAPE Taste Jam food market, launched last Friday, drew 25,000 visitors in its first two days. According to the Macao Government Tourism Office

IAM shortlists bidders for 20 new stalls at Taipa Market

The Municipal Affairs Bureau (IAM) has published the shortlist of bidders for 20 stalls available for lease at Taipa Market, spanning light food, cultural and creative products, and

Gov’t expands outdoor café licenses to boost local economy

IAM rendering of the occupied area with tables and seats in an outdoor cafe The Municipal Affairs Bureau (IAM) has opened more applications for outdoor café licenses from eligible

Over half of loan interest subsidy quota still available

The SAR government’s SME Bank Loan Interest Subsidy Scheme, launched in mid-April, has so far received about 2,000 loan applications, with over 80% for new loans

ZAPE food and cultural market to launch Mid-August

The tourism bureau recently announced plans to co-host an event in the Zona de Aterros do Porto Exterior (ZAPE) district, featuring food, cultural, and

ZAPE merchants call on gov’t intervention ahead of satellite casino closures

More than 70 business owners in the ZAPE district have submitted a petition calling on the government to intervene amid concerns over the upcoming closure of

Tourist area SMEs rebound as residential businesses face 50% losses

A research report has noted a polarized post-pandemic recovery for small- and medium-sized enterprises (SMEs), as businesses in tourist areas thrive from returning visitors, while those in

Satellite casino exit spurring lease cancellations, says real estate association

The upcoming exit of satellite casinos by the end of the year, many located in ZAPE, has already begun to affect the local real estate

MACAU DAILY TIMES