UM team forecasts 3.7% GDP drop for this year

The University of Macau (UM) forecast on Tuesday that Macau’s economy will shrink 3.7 per cent this year. The forecast was jointly announced by the public university’s Department of Economics and UM Centre for Macau Studies (CMS) during a press conference on the university’s Hengqin campus. Click for more information.

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The World at Fingertips

The Chinese New Year is around the corner. “The World at Their Fingertips – Exhibition of Weaving, Dyeing and Embroidery Skill Art of Jiangsu Province and Guangxi Zhuang Autonomous Region” will be held from 22 January to 16 February, at the Chun Chou Tong Pavilion of Lou Lim Ioc Garden, featuring the traditional craft skills […]

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WYNN ANNOUNCES ‘WINTER BONUS’ FOR EMPLOYEES

Wynn Macau, Limited announced that a “Winter Bonus” equivalent to one month’s gross salary, will be paid to all eligible Wynn Macau and Wynn Palace staff members. In the statement, the company explains that the bonus will cover over 97% of its 13,700 employees, excluding only senior management positions. The company said that the bonus aims […]

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PUBLIC PREFERS VISITOR TAX SET ABOVE 100 PATACAS

The deputy director of the Macao Government Tourism Office (MGTO), Hoi Io Meng, said yesterday that research on the proposed tourism levy has been submitted to the “upper level.” Most respondents in the survey wished the tax to be set between 100 and 200 patacas. The office is under the purview of the Secretariat for […]

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AIRPORT CONFIRMS 9.6 MILLION PASSENGERS IN 2019

The number of passengers served by the Macau International Airport grew to 9.6 million in 2019, setting a new a record, the airport management company has confirmed. The press release from the Macau International Airport Company boasted that the passenger count last year was about 14 times the city’s total population. Compared to 2018, last […]

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