Mortgage loan approvals surge 31% in January

Macau's banking sector experienced a significant rise in mortgage loan approvals at the start of the year, according to the Monetary Authority of Macao (AMCM). In

Employment holds steady as retail trade sees modest growth

The Wholesale & Retail Trade sector employed 68,554 people, maintaining stability compared to the same period in 2023, according to data from the Statistics and

Taxi drivers’ infractions more than tripled in January

Last month, the number of violations by taxi drivers last month was over three times higher than during the same month last year, according to

Macau sees increase of nearly 6,000 non-resident workers in 2024

Macau’s workforce expanded by nearly 6,000 non-resident workers in 2024, according to data from the Labour Affairs Bureau. By December, the city employed more than

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

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.

Zhuhai checkpoints leading to Macau, Hong Kong report record high 2024 passenger flows

A record-breaking 203 million inbound and outbound passenger trips were made in 2024 via checkpoints in the Chinese mainland city of Zhuhai leading to Macau and Hong

Surging number of foreign tourists enter Hainan visa-free in 2024

In 2024, the number of foreign tourists that entered south China’s island province of Hainan visa-free surged by 283 percent compared to the previous year, local authorities

F&B revenues rise, retail drops in October

Receipts from restaurants and similar establishments in Macau rose by 6.8% month-on-month in October 2024, largely due to the National Day holidays, according to the Statistics and Census Service

Retailers anticipate decline in Q4 sales

Macau's retail sales saw a significant year-on-year decline of 16.9%, totaling MOP53.48 billion in the first three quarters of 2024, according to the latest data from

Pay stability for gaming workers amid employment shifts

Macau's gaming industry workers are enjoying stable salaries, with a median monthly income of MOP21,000 reported in the third quarter This figure remains unchanged from the

Significant increases in cross-border traffic, flights

Cross-border vehicular traffic in Macau saw a significant 22.5% increase, totaling 797,954 trips in August, according to data from the Statistics and Census Service (DSEC).

Cultural participation shows mixed trends in Q2

A total of 282,400 individuals engaged in cultural activities in the second quarter of 2024, reflecting a participation rate of 50.1% among those aged 16 and above, according to recent data from

Labor shortage in Q2 drives up demand for manpower

The survey on manpower needs and wages for the second quarter (Q2) of 2024 has shown that the demand for manpower continued to increase amid the

Traffic accidents on the rise

The Public Security Police Force has reported a rise in traffic accidents in July, with 1,405 incidents recorded, marking a 24% increase compared to the same

Population grows to 687,000 in H1

By the end of June 2024, the total population reached 687,000 – marking an increase of 8,200 from the previous year, primarily driven by a rise

IPIM approves 11 new temporary residency applications in H1

In the first half (H1) of the year, the Commerce and Investment Promotion Institute (IPIM) processed 68 applications for temporary residency under the investment program as

Unemployment rate returns to pre-pandemic levels

The latest employment survey from the Statistics and Census Service (DSEC) reveals the unemployment rate has dropped to levels not seen since the second quarter of

MGTO asserts July a successful month for tourism

July was a great month for local tourism, the Macao Government Tourism Office (MGTO) has said in a press statement, with preliminary figures indicating nearly

CB: Minor issues cause 50% of ambulance calls

Most ambulance calls are due to minor issues, the Fire Services Bureau (CB) noted during its report yesterday on bureau services over the first half of

MACAU DAILY TIMES