Macau aims to up international tourists share to 10 pct
1 day ago · Tony Lai. Macau is setting its sights on boosting the share of international visitors to about 10 percent of the city’s total tourist arrivals, driven by its recent efforts to tap into and expand overseas source markets, the Macau Government Tourism Office (MGTO) said. In an interview with the Chinese-language newspaper Macau Daily News ...
Tackling the SME conundrum - Macau Business
4 days ago · Addressing the concerns of small and medium-sized enterprises (SMEs) like Ms. Wong’s is indeed a priority for Mr. Sam, who will take office on 20 December. During his recent campaign, which culminated in his election on 13 October, Mr. Sam visited various neighbourhoods to understand the challenges facing local businesses.
Beginning of a cycle? | Macau Business
3 days ago · In light of the latest developments, Macau’s commercial banks have reduced their prime loan rates by a quarter point to 5.875 per cent, a level last recorded in March 2023. For instance, on a 30-year loan at the best lending rate minus 1.75 per cent, the monthly payment decreases by about HK$144 for every HK$1 million.
Special Report – Illegal money exchange: Old crime, new challenges
3 days ago · Figures from last year show that Macau police intercepted a total of 11,870 individuals involved in illegal money exchange, representing a rise of 239 per cent, or 8,365 individuals, compared to 2022. Compared to the pre-pandemic levels in 2019, this marked an increase of 41.3 per cent, or 4,910 individuals. “This surge can be attributed to ...
Australia moves to keep its banks in the Pacific
1 day ago · By. AFP. Australia will move to stem the exodus of its banks from the Pacific Islands, the country’s top economic official said, as concerns mount that China could bolster its influence by filling in the gaps. For years, Western banks have been shuttering branches throughout the South Pacific, citing political turmoil, wafer-thin profits and ...
Canada orders end to port labor disruptions on two coasts
19 hours ago · Canada orders end to port labor disruptions on two coasts. Canada’s labor minister on Tuesday ordered operations to resume at Pacific and Atlantic coast ports shut down by labor disputes that halted Can$1.3 billion (US$930 million) in daily shipments. Steve MacKinnon, the minister, said deadlocked negotiations at the ports of Montreal and ...
Pro-US incumbent claims victory in Palau presidential vote
2 days ago · AFP. Incumbent Palau President Surangel Whipps Jr claimed victory Monday in national elections, keeping the pro-US leader in power as China seeks greater influence across the Pacific. Over his four years in office, Baltimore-born Whipps has overseen the swift expansion of US military interests across the Palauan archipelago.