Business

Chow Tai Fook sales pick up in Q3

Luxury retailer Chow Tai Fook Jewellery Group Limited saw double-digit growth in its third quarter results in the Special Administxzrative Regions.

Major mediator in waiting

Local legal authorities believe language and legal similarities of the MSAR legal system with Portuguese-speaking countries and countries involved in the One Belt, One Road initiative (OBOR) make the

A framework agreement has been signed by the Macau Lawyers Association (AAM) and the China International Economic and Trade Arbitration Commission (CIETAC) in order to help the city become a centre fo

MIF a catalyst for disparate businesses

With the country of Angola and the Chinese province of Guangdong its main partners the 22nd Macau International Fair (MIF) kicks off today in conjunction with the 2017 PLPEX (Exhibition of Products

The 22nd Macau International Fair (MIF) kicks off today, with the 2017 PLPEX (Exhibition of Products and Services from Portuguese-speaking Countries) to be held concurrently at The Venetian Macao from

Worldwide lack of tourism professionals

Secretary-General of UNWTO says tourism industry in Asia has promising prospects

The fast growing worldwide demand for tourism professionals is exceeding supply, with only 0.08 per cent of high school graduates choosing to study the field at university, according to Secretary-Gene

A shifting growth in the tourism industry

GTEF vice chairman Pansy Ho advocates the constant creation of new experiences for tourists as an approach for reinvestment in the city’s tourism industry

“I believe the next decade of growth for Macau [will require ]opening up possibilities [for foreign visitors who are interested in the art and culture of Macau] and to cater to another sector or segme

Smart Tourism with Alibaba under discussion

MGTO head emphasised the accessibility of a wider range of information for tourists through Smart Tourism development

The government has started preliminary discussions with Chinese tech giant Alibaba Group on the city’s Smart Tourism development, although no concrete plans have yet been elaborated on, according to t

To protect and maintain

The contribution of the Security Services and the Real Estate Management Services sectors to the MSAR economy in 2016 increased by 8.6 per cent y-o-y to MOP1.67 billion and by 10.2 per cent yearly to

The amount of receipts registered by the Security Services industry in 2016 increased by 9.1 per cent to reach MOP1.86 billion (US$231.24 million), a survey on the service sector conducted by the Stat

Report: Identifying customers and catering to needs

Analysts from Bernstein found that 42 per cent of Chinese customers, on their most recent visit to the MSAR, 'stayed at or gamed for a majority of their time at a Sands property'

The average Chinese gaming consumer is '36 years old, is more likely to be male, very likely lives in a Tier 1 or Tier 2 city, earns RMB19,000 per month (US$34,00 per year), and has visited Macau thre

Taking the tokens to Asia

Despite currently being involved in a cryptocurrency initial coin offering (ICO), eSports betting company Unikrn is looking to extend its services to the MSAR with local gaming operators having expres

After announcing it is applying for its first gaming licence in Europe and currently holding an initial coin offering (ICO), eSports betting company Unikrn told Business Daily the group has been appro

A certain uniqueness

A recent study considers that the role the MSAR can take in the Greater Bay Area is linked to the development of special financial features, while further regional co-operation is essential in prevent

In order to provide a financial centre with special features that can contribute to the development of the Greater Bay Area, the MSAR Government should focus on establishing the announced RMB clearing

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