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Jan 15, 2025 | 
macaubusiness.com | Aries Un
Casino stocks are not likely to receive a “thesis-changing” impact from the upcoming Lunar New Year season despite low valuations currently, according to J.P. Morgan analysts. DS Kim, Mufan Shi, and Selina Li wrote in a Thursday note that “a sector-wide rally is unlikely without a clear catalyst” or “market-wide excitement”.
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Jan 15, 2025 | 
macaubusiness.com | Aries Un
Challenges remained in the way for businesses in the Greater Bay Area (GBA) in the last quarter of 2024, as a business confidence index compiled by Standard Chartered has shown. The 2024 Q4 GBA Business Confidence Index, which surveyed over 1,000 companies, shows a drop in expectations amidst a weak business landscape.
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Jan 15, 2025 | 
macaubusiness.com | Aries Un
Galaxy Entertainment Group has announced a salary increase for its team members at senior manager level or below, with the new policy effective from 1 April. The casino operator says that This change will benefit about 98 per cent of the company’s staff. Team members who joined GEG before 1 January will see the following changes to their salaries:Those earning MOP16,000 or less per month will get a rise of MOP600. Those earning more than MOP16,000 per month will receive a 2.5 percent increase.
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Jan 15, 2025 | 
macaubusiness.com | Aries Un
Guangdong province achieved a GDP ofover RMB14 trillion last year, marking 36 consecutive years as the country’sleader in GDP. The figure comes from a work reporton 2024, which is a highlight of the ongoing third session of the 14thGuangdong Provincial People’s Congress, which kicked off in Guangzhou on 15January.
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Jan 14, 2025 | 
macaubusiness.com | Aries Un
Wynn Macau’s project to revitalise the Rua da Felicidade pedestrian zone has been added to the case platform of one of the country’s top universities. According to a company release, the project was recently selected for the 20th Tsinghua Business Case Competition in 2024 and added to the case platform of the China Business Case Centre at the Tsinghua School of Economics and Management for classroom teaching purposes.
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Jan 14, 2025 | 
macaubusiness.com | Aries Un
As many as 610 millionentries and exists across mainland China’s borders were logged last year, withover 41 per cent of them made by Hong Kong, Macau, and Taiwan residents. The latest figure – up 43.9per cent on the previous year – was provided by the National ImmigrationAdministration on Tuesday. When it came tomovements involving foreign passport holders, the number was 64.88 million. The authorities saidthat they issued nearly 2.6 million foreign visas – up by 52.3 per cent year onyear.
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Jan 14, 2025 | 
macaubusiness.com | Aries Un
Housing markets in Hong Kong and Macau are poised for a ‘U-shaped’ recovery towards the end of this year when the ongoing pessimistic sentiment recedes, according to a message from Centaline Property. The rosy picture was painted by Shih Wing-ching in his address to a company dinner on Monday. He noted that the existing downward pressure on the property market could persist through the first quarter of 2025.
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Jan 13, 2025 | 
macaubusiness.com | Aries Un
Macau has ranked 63rd on the Backpacker Index for 2024, with an average daily cost of US$59.49 (MOP474.65). The 2025 version of the Backpacker Index—an annual gauge of over 200 popular destinations’ affordability launched by the Price of Travel website in late 2010—covers a total of 133 popular destinations. The daily cost factors in a low-budget hostel bed, three meals, two public transport rides, one paid cultural attraction, as well as “three cheap beers”.
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Jan 13, 2025 | 
macaubusiness.com | Aries Un
Yuet Tung Shipping on Wednesday will operate a ferry service between the Taipa Ferry Terminal and Zhongshan Port, with two round trips each day. According to a company announcement, the journey will take about 60 minutes. The first ferry from Zhongshan to Taipa will leave at 9:15 am, and the last one at 5:00 pm. From Taipa to Zhongshan, the first ferry will leave at 10:30 am, and the last one at 6:30 pm.
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Jan 13, 2025 | 
macaubusiness.com | Aries Un
Sands China is bringing Philip Colbert’s famous Lobster back to Macau for an art show from January to March. Locals and tourists alike will be able to enjoy “Coastal Fantasia: The Lobster King’s Vacation in Macao” at five different spots in the city. This free event features giant sculptures created by British pop artist Philip Colbert, showcasing Macau’s coastal beauty, the company said.
