Jewellery retailer Luk Fook Holdings (International) Ltd announced recently that the same-store sales performance for the group’s self-operated shops in Macau and Hong Kong was up 29 percent for the first three months of 2013.
The bonuses paid to staff in Macau this year will only be the 14th-highest in the region, but they will be the fastest-rising, the results of a survey by Hong Kong's HR Business Solutions Asia Ltd suggest.
The average bonus paid this year by the 27 Macau companies surveyed, most of them retailers, will be 136 percent of monthly pay, according to Business Daily.
The government has given Maxon International Holdings Ltd permission to build a commercial building in Travessa da Sé, in the Senado area.
The authorisation was published yesterday in the Official Gazette.
According to our sister publication Business Daily, the three-storey shopping centre will be Hong Kong developer Henry Ng Chun For’s first project in Macau.
Hong Kong's cosmetic and beauty products retailer Sa Sa International Holdings Ltd announced that its Hong Kong and Macau sales during the Golden Week holiday period achieved a year-on-year growth of 19.5 percent.
The group posted same-store-sales growth of 12.4 percent as compared with the corresponding period in 2011, it said.
A total of 1,714 restaurants and similar establishments were in operation in Macau last year, up by 4 percent year-on-year. Data from the Statistics and Census Service released on Friday shows that the sector’s revenue increased by 11 percent year-on-year to MOP6.09 billion (USD761 million).
Nine out of 10 local small- and medium-sized enterprises in Macau faced staffing issues last year, a new study conducted by the Macau Small and Medium Enterprises Association an the University of Macau found out.
Smartphone manufacturer HTC has announced the appointment of Kinson Loo as general manager of Hong Kong and Macau.
Kinson will oversee the business operation and development of HTC Hong Kong and Macau. Kinson has over 20 years of extensive experience in the telecommunications industry and an outstanding record particularly in the mobile phone business.
Manufacturing in Macau posted signs of some recovery in the second quarter.
The production index of the manufacturing sector, compiled by the Statistics and Census Service, increased by 8.9 percent quarter to quarter, pushed by the manufacture of tobacco-related products.
Casino revenue in Macau, the world's biggest gambling market, grew last month at the slowest pace since the global recession in 2009 as China's economic slowdown crimped demand from high-rolling gamblers.
Macau authorities released data on Wednesday that showed July revenue rose to MOP24.58 billion (USD3.1 billion), up 1.5 percent compared with a year earlier and the lowest growth rate since mid-2009.
The shadowy companies that bring China's millionaires to the gambling tables of Macau are facing their toughest time since the 2008 collapse of Lehman Brothers, and some of the smaller players may soon drop out of the game for good.
These junket operators, who extend credit to rich gamblers and then collect any debts in exchange for a hefty commission, bring in about 70 percent of gambling revenue in Macau, the world's most profitable gaming destination. They accounted for USD22 billion in revenues last year when business was booming.