Moody's Investors Service said it is confirming Macau's Aa3 rating, with a stable outlook, but warned about the high concentration of its economy on gaming and tourism.
Capacity expansion, Chinese exploration and concession extension are likely to lead to outperformance of Macau’s gaming stocks in the second half of this year after a sluggish start, according to analysis from Morgan Stanley.
The Macau economy is expected to grow by some 35 percent in 2021, following a 50 percent contraction in 2020, ratings agency Fitch Ratings indicated in a report.
Secretary for Economy and Finance Lei Wai Nong has said Macau's economy is likely to shrink by 56.8 percent this year. That's slightly better than earlier estimates for a decline of 60.9 percent.
We enter a week, and the final month of the year, with a global economy tipping wildly between extremes of optimism and pessimism.
Before delving into the much-discussed path of Macau’s diversification efforts and challenges in the past 20 years, and future outlook, let me take a step back. During Covid-19 there are 3 lines of concurrent thought for a ‘strategic’ tourism recovery, that is, one that better positions the city for greater sustainable development in the medium to longer term – one aim being a diversified tourism portfolio.
The Australian government has announced a three-phase plan to fully reopen its economy by July. According to Prime Minister Scott Morrison, the first step would...
Fitch Ratings issued a report on Monday projecting a 24 percent contraction in Macau’s economy over the course of 2020. “Macao's concentration on gaming tourism...
Macau’s new Secretary for Economy and Finance, Lei Wai Nong, on Friday said the government was cautiously optimistic about Macau’s economic prospects, noting a...
Twenty-nine years ago I visited Macau for the first time. It was a consolation day trip from Hong Kong for not being able to apply and obtain a visa to enter China in less than a week when I had only four days to spend.