Covid-19 restrictions hammer the economy across the board; GDP down 27% in first three quarters of 2022.
Business
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.
MOP 7 billion earmarked for 2023 wealth-sharing hand-out; education, old-age and similar subsidies maintained; Finance Secretary predicts 40,000 daily visitors.
Extra features in Local Occupational Vacancies make it easier to find employment. Transport Bureau introduces online driving licence renewal.