The fund aims to help enterprises in the Greater Bay Area meet their net-zero goals and is also being used for projects that have a social as well as environmental benefit.
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A summer surge in visitor numbers is welcome news for the tourism industry but comes amid figures showing sharp falls in visitor spending.
In reporting its results, the company drew attention to the ongoing recovery of Macao’s gaming sector and ‘future opportunities for us to invest and grow.’
While providing some relief, the measure appears unlikely to solve the chronic shortage of taxis that has both locals and tourists grumbling.
This recent growth is thanks to increased sales to China, the South American giant’s main soybean buyer.
Chairman Lui Che Woo said the concessionaire’s “balance sheet continues to be exceptionally liquid and healthy.”
Located at Studio City on the Cotai Strip, the 557-room property is part of a wave of new hotel openings in Cotai.
Per-capita spending by visitors is showing a steep decline from the first quarter of the year to the second, as tourists tighten their belts.
The Macao Trade and Investment Promotion Institute says the accolade is due to the city’s “concerted efforts to provide excellent conference experiences.”