Achieving positivity

Estimates for Macau’s economic growth have been raised by the International Monetary Fund to 13.4 per cent this year and 7 per cent in 2018

The International Monetary Fund (IMF) has increased its estimates for the MSAR’s economic growth in 2017 and 2018 in its most recent World Economic Outlook report.

Unwelcoming sharing economy

Leading hotelier says it is impossible to wipe out illegal accommodation completely given the difficulty in regulating online home rental platforms

“It is very difficult to regulate them, in my opinion; it is difficult for the government to completely crack down [on illegal accommodation],” said the president of the Macau Hoteliers & Innkeepers A

Balancing Bricks & Mortar

Outlook for public housing supply catching up with demand is positive in the long run, says Housing Bureau president. Report reveals that by 2023 units available will match need.

The situation for meeting the demand for public housing is positive in the long run, although the current supply is not yet sufficient to meet demand, according to

Paying the minimum wage bill

Worker representative suggests a 5 per cent increase in the minimum wage for staff hired for building management tasks, with consumers likely to foot the bill

Tenants are footing the bill of the changes brought about by the implementation of a minimum wage for building management services personnel, according to a committee.

Food outlets serve up fatter profits

The gross surplus of restaurants and similar establishments in 2016 went up 96 per cent year-on-year to MOP258 million

The restaurant and similar establishments sector saw gross surplus increase by 96 per cent year-on-year in 2016 to MOP258 million (US$32.09 million), according to survey results revealed yesterday by

DFS Group growing locally

Luxury duty free retailer DFS Group ‘experiencing sustained growth’ in the MSAR and Hong Kong in the first nine months of this year

In its most recent financial report, French luxury goods producer LVMH Moet Hennessy Louis Vuitton SE stated its Hong Kong-based retail subsidiary DFS Group is ‘experiencing sustained growth, particul

Wine Museum; Glass half empty

MGTO has not yet decided to relocate the Wine Museum to Coloane

Coloane may not be the ‘ideal location for the new Wine Museum,’ Business Daily has learned from Macao Government Tourism Office (MGTO).

Convention and exhibition industry abuzz

The carnage wrought by Typhoon Hato has raised questions in the industry about whether the conventions and exhibitions sector has been affected and what to expect from the rest of the year, according

AIPIM presents freedom of the press report to GCS

The report is based upon a survey of Portuguese and English media professionals

A report entitled ‘Portrait of freedom of the press and access to sources of information in the exercise of the journalistic profession in Macau,’ produced by the Macau Portuguese and English Press As

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