The transaction is pending the approval of regulators in China, Mozambique and South Africa, according to reports.
Staff Reporter
The news desk at Macao News works diligently to bring you all the latest happenings as quickly as possible. Staff reporter duties are shared by Kenny Fong, Amanda Saxton, Sara Santos Silva and Erico Dias, working under the direction of managing editor Aidyn Fitzpatrick.
Economists at the University of Macau say improvements in the territory’s economy will ‘be more obvious’ this year, but hurdles remain.
The online fashion retailer aims to use locally made textiles in 85 percent of the clothes it sells in the country.
The traditional celebration is one of a number of festivals that have made a comeback with the easing of Covid curbs.
The suspect in a brutal attack last week had previously gone to court on a domestic violence charge but was reportedly acquitted when the victim refused to testify.
Despite a crippling labour shortage, the migrant worker population has grown by less than 10,000 since Macao’s emergence from the pandemic in January.
The event, now in its eleventh year, welcomed a record 30,000 attendees and saw the transaction of some 2.5 million patacas worth of business.
The annual cash handouts have been made to the territory’s permanent and non-permanent residents since 2008.
Named the Dolphin, the vehicle can run for 291 kilometres on a fully charged battery and will be made at the former Ford plant in Bahia.
The month of June is traditionally a flat one for the territory, with Macao’s gaming concessionaires affected by a seasonal slowdown.
They make up a tiny fraction of the overall total, many are here for less than a day, and hardly any come from Portuguese-speaking countries.
The results of a sweeping survey, conducted toward the end of last year, provide a revealing snapshot of residents of the territory aged under 35.