Institutional investors on the Micro Connect Macao Financial Assets Exchange are now able to trade in an instrument that raises funds for small businesses in mainland China.
Business
The agency also says Macao’s economy should recover by almost 50 percent this year as it captures ‘strong pent-up demand’ from mainland Chinese tourists in the wake of the pandemic.
Zero-Covid policies and travel curbs “posed an immense challenge” to the group’s business, according to chair Pansy Ho.
The newest DSEC data reveals only the most marginal improvements in joblessness and underemployment since the last month of the pandemic.
IFTM’s new position in the QS World University Rankings’ tourism category sees it shoot up 20 slots from 30th place in 2021.
Strong tourism recovery means the airport should be handling some 480 flights a week by the end of this month, aviation officials say.
Launched as a tourism promotion in mid-January, the ticket giveaway has been a tremendous success, leading to big upswings in visitor numbers from our sister SAR.
Addressing a meeting of the Macau Federation of Trade Unions, Chief Executive Ho Iat Seng vowed to put local workers first and improve labour laws.
The airport is seeing an uptick in private jet arrivals, reports say, with one charter operator hoping the market will recover half of its pre-pandemic volume this year.