There are 470 million patacas ready to be disbursed by the Science and Technology Development Fund to eligible projects this year.
Business
Air Macau adds additional services to Japan, South Korea, Thailand and Taiwan to its schedule, and opens new routes too.
Travellers are flocking to the city once more, according to the latest data, with arrivals from Hong Kong soaring by over 1,000 percent year-on-year.
The hotel will be the third super luxe property at a resort already featuring the Grand Lisboa Palace and the Karl Lagerfeld.
MGM China is about to exceed pre-pandemic gaming revenues for this quarter, analysts say, while Wynn Macau is gaining significant market share.
Only 2 in every 100 visitors to Macao are international arrivals – a percentage that the hospitality sector hopes to boost.
With the city’s tourism sector picking up, measures are being implemented to combat excessive prices for hotel rooms being quoted on online booking platforms.
Travellers are now able to apply for all kinds of visas and previous visa-free travel arrangements will resume, Beijing says.
The local economy is tipped to reach stable levels by May, according to the latest forecast by the Macau Economic Association.