Chief Executive Ho Iat Seng told legislators in April that the Macao government would “proactively promote” the emergence of a local bond market.
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.
Brazil is one of the most active cloud markets in Latin America, with cloud adoption in the country increasing nearly 40 percent since 2019.
The local government says the changes are a “step to respond effectively” to what it describes as “new adverse challenges in terms of national security”.
Mainland China, Hong Kong and Taiwan remain the biggest source of visitors, but overnight visitors are staying for shorter periods, the latest figures show.
Public works chief Raimundo do Rosário says the sell-off – Macao’s first in years – “won’t be within days” but “maybe in some weeks or even months.”
The local switchover rate is relatively fast compared to other nearby jurisdictions, says post and telecoms chief Lau Wai Meng.
However, while transactions showed strong recovery in the first quarter, one leading realtor warns that they will slow this month.
The African nation’s trade minister says it wants to ‘attract more Chinese investment and take advantage of the opportunities that are offered’.
New figures show that gaming taxes accounted for more than 75 percent of the Macao government’s total revenue for the first four months of 2023.
Mainland Chinese are the biggest spenders, followed by tourists from Taiwan and Hong Kong, with shopping topping the expenditure list.
After a three-year hiatus, the iconic event will take place in September and October, featuring 10 competitors from Japan, Portugal, mainland China and elsewhere.
Investments in the GBA’s high-speed rail and freight lines are surging ahead, according to the deputy director of Guangdong province’s transport department.