EconomyMacao

Macau government corrects GDP fall to 58,2% in H1

The Macauauthoritiescorrectedon Wednesdaythe fall in Gross Domestic Product (GDP) in the first half of the year to 58.2% compared to the same period in 2019. The head of government, Ho Iat Seng, hadsaid in a press conference today that the…
Economy

Hong Kong exports to the US with 'Made in China' label

Decision comes from the trade war between China and the United States of America Products made in Hong Kong for export to the U.S. will have to be labeled ‘Made in China’ after September 25, according to the US government. The measure, in accordance with…
ChinaEconomy

Visas for Zhuhai with little impact on the game, says analyst

The resumption of individual visas for residents of Zhuhai will have “a very small impact on gambling revenues”, according to Ben Lee, an analyst at IGamix, a consultant at TDM-Rádio Macau. From tomorrow, August 12th, individual visas will be issued to Macau again…
EconomyMacao

WeChat ban could plot Macau casinos

The social network is an important tool in connecting American operators with potential players from mainland China The ban on US President Donald Trump’s use of the Chinese social messaging service WeChat could harm North American casino operators in Macau and…
BrazilChina

Sales to China prevented export shock, says Guedes

For the minister, Asia compensated for the drop in sales to other regions. The rapid recovery of the economy in several Asian countries, especially China, prevented the new coronavirus pandemic from causing a shock in Brazilian exports, said Economy Minister Paulo Guedes…
EconomySociety

Pandemic takes its toll on insurance giants

Global insurance giants are reporting losses resulting from the novel coronavirus pandemic. Swiss Re reported a net loss of US$1.1 billion for the first half of the year after booking claims and reserves related to COVID-19 of US$2.5 billion. Excluding the impact of…
ChinaEconomy

TikTok: Trump signs decree banning transactions with ByteDance

The President of the United States, Donald Trump, signed on Thursday an executive order banning all transactions with ByteDance, the Chinese parent company of the social network TikTok, within 45 days. The Head of State spoke of a “national emergency” and accused the…
ChinaMacao

Wynn closes second quarter with 98% drop in revenue

Wynn Macau recorded a drop in operating revenues of 98.2 percent in the second quarter of this year, compared to the same period last year. According to the results released by the company to the Hong Kong stock exchange, revenues were $ 20.6 million. A heavy drop from…