Internship programme suffers high drop-out rate, with 200 out of 500 quitting; Finance Secretary admits 5% unemployment rate ‘not low’.
Business
Renovated store is group’s biggest and first ‘green’ premises; grand opening of T Galleria at The Londoner Macao takes place this Friday.
Covid-19 restrictions hammer the economy across the board; GDP down 27% in first three quarters of 2022.
More than 60 SMEs from Macao and 10 from mainland China due to attend expo; organisers predict exhibitors’ total turnover to exceed MOP 3 million.
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.
However, unaudited profit after tax MOP 228.1 million, year-on-year decrease of MOP 110.4 million. Hengqin branch performing well.
Junket organisers likely to be held accountable for illegal deposit taking; six weeks left before deadline to appoint six new concessionaires.
Many exhibitors at fair, which adopted theme of ‘semi-finished food’, report selling more than 90% of their products.
First aircraft due to be delivered in December; burgeoning popularity of single-aisle aircraft could indicate end of Airbus Boeing duopoly.