In view of last year’s recovery of visitors from overseas markets, which was not as fast as the number of visitors from the Mainland and Hong Kong, the DST said …
Macau Economy
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HighlightsMacaoNewsSociety
Employment survey from November 2023 to January 2024, with an unemployment rate of 2.8%
by Viviana ChanBoth indicators decreased by 0.1 percentage point from the previous period (October - December 2023) and have returned to the corresponding levels in early 2020. Meanwhile, the underemployment rate edged…
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1,357,064 visitors entered Macau during Golden Week, which ran from 10 to 17 February. The daily average was 169,631, well above the authorities' initial estimates (120,000). Around 76 per cent…
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EconomyMacaoSociety
Rental statistics for the whole year and the 4th quarter of 2023
by Viviana ChanAmong the districts with a relatively high number of lease declarations, the average rents for residential units in Areia Preta & Iao Hon (MOP123), ZAPE (MOP111) and Baixa da Taipa…
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The year 2023 ended with an unprecedented tourist price index (TPI) above 141. Before 2023, the most expensive year for tourism in Macau was 2014, when the overall TPI reached…
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After months of public discussion about the future of the MJC, this week it was finally confirmed that the racetrack in Taipa will indeed close, after almost 40 years in…
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The termination of the contract with Companhia de Corridas de Cavalos de Macau, S.A. was revealed in an executive order from the head of Government, Ho Iat Seng, published today…
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Corporate Releases
Sands China Achieves Five Top 10 Rankings in CUHK Business Sustainability Indices (BSI)
by Viviana ChanBSI rankings are determined annually by the Chinese University of Hong Kong (CUHK), promoting business practices with positive social and environmental impact. Its methodology analyses value, process and impact, including a…
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In a statement, the PSP revealed that more than 687,500 people crossed the territory's borders on 31 December, the second day of the New Year holidays, including the entry of…
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Shops in residentail area chose to take Statutory leave break According to a restaurant owner, most shops in Central were crowded with tourists on New Year's Day. According to media…