Ho Iat Seng points to relaxed Covid-19 measures, new gaming concessions and Macao’s focus on Big Health, modern finance, high tech and other new areas of city’s economy.
Project aims to help young people get on the housing ladder; resales on private market banned for 16 years to deter speculators.
Big health, modern finance, high technology and culture and sports professionals especially sought-after; tax benefits on offer for successful applicants.
Macao universities score well in international rankings. Students encouraged to volunteer to assist at 15th National Games which Macao will co-host in 2025.
MOP 22 billion allocated for infrastructure projects, MOP 650 million to attract more visitors as city focuses on big health, modern finance, hi-tech, and MICE.
Internship programme suffers high drop-out rate, with 200 out of 500 quitting; Finance Secretary admits 5% unemployment rate ‘not low’.
Covid-19 restrictions hammer the economy across the board; GDP down 27% in first three quarters of 2022.
Government will continue to give MOP 10,000 to permanent residents and MOP 6,000 to temporary residents in 2023; city’s ‘birth subsidy’ will give each parent MOP 5,418 for every baby born next year.
