Housing rents down, unemployment up, while domestic workers’ salaries soar; fuel and eating out more expensive.
MOP 5.92 billion scheme starts on 28 October; maximum daily usage MOP 300; must be used by 30 June 2023.
By 31 August, 132 bonds worth over MOP 344 billion have been issued or listed on MOX since the local bond market’s establishment in 2018.
Exports also suffer as trade sags; almost one-third of imports come from mainland China, while France accounts for nearly 20%.
Since start of pandemic in March 2020, Macao has shed 17% of its non-resident workforce, with almost 31,700 non-resident workers forced to leave the city after losing their jobs.
Initiative aims to attract international investors to participate in bond-related activities in Macao, contributing to renminbi’s internationalisation.
Unemployed construction and gaming industry workers swell jobless numbers to 15,600; Covid-19 outbreak largely to blame.
City marks negative growth for three consecutive quarters and highest unemployment rate in nearly 15 years.
