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Typhoon Hato causes $1.5 billion in economic losses

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Typhoon Hato causes $1.5 billion in economic losses

The Statistics and Census Service of Macau said that typhoon Hato caused an estimated 12.5 billion Macanese patacas ($1.5 billion) in economic losses, Macau Daily Times reported. The loss includes damage to houses, cars, shops and public facilities. The agency said that the typhoon caused MOP 3.5 billion of indirect losses such as the impact on sales within economic establishments. The typhoon struck Macau on Aug. 23, 2017.

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