CTM launches GBA service plan

The Economic Services Bureau (DSE) said in a statement yesterday that it was unable to recover a 212 million patacas loan granted to locally incorporated airline Viva Macau in 2008-09 and the latter’s Hong Kong-registered Eagle Airways as guarantor. The loan was granted by the bureau’s Industrial and Commercial Development Fund (FDIC) after the airline hit financial turbulence in the wake of the global financial crisis of 2007-08. The DSE statement that the fund had been unable to

Macau’s 79 hotels and 34 guesthouses recorded receipts of 32.59 billion patacas last year, a year-on-year increase of 14.7 percent, the Statistics and Census Bureau (DSEC) announced yesterday. According to a DSEC statement, 5-star hotels’ receipts accounted for 75.1 percent of the sector’s total receipts in 2017. The sector’s total expenses rose 8.8 percent year on year to 28.98 billion patacas. Employees’ salaries and other kinds of compensation accounted for nearly 45 percent