04 June 2020
01 June 2020
Due to the COVID-19 pandemic, Macao’s gross domestic product (GDP) dropped 48.7 per cent year-on-year in real terms in the first quarter of the year, the Statistics and Census Bureau (DSEC) announced today. Gross gaming revenue fell fall of 93.2 per cent.
04 May 2020
Countries that rely on Tourism for economic growth are set to be some of the most affected in the near future. Among them is Cabo Verde, Sao Tome e Principe and, to a lesser extent, Timor-Leste, according to the United Nations Conference on Trade and Development (UNCTAD).
21 April 2020
The Portuguese Government considers nationalising the company, where it already has half of the capital, but its private shareholders are pushing for a cash infusion, from a financial consortium which could have Chinese capital.
07 April 2020
The Beijing-Lisbon flight by Beijing Capital Airlines (BCA), had support from the Portuguese and Chinese governments, but lasted a little over a year, until October 2018, due to BCA's parent companies financial difficulties. Despite turmoil in the aviation industry, it is now set to resume.
05 December 2019
China moved closer to Argentina and Brazil at the eighth edition of the Global Tourism and Economy Forum in Macao. The South American nations were the forum’s partner countries this year and they made gestures that could attract Chinese tourists their way in the years to come.