The good news? More Macao companies plan to increase wages. But before you get too excited, hikes are expected to reach modest levels only.
Business
Weak external and domestic demand brought about by the Covid-19 pandemic caused a sharp contraction in economic activity.
Restoration of Macao’s air network continues in the wake of the Covid-19 pandemic, with services to Osaka, among others, resuming this month.
Mobile payments topped 26 billion patacas last year, 40 percent more than in 2021 and 20 times more than in pre-pandemic 2019.
New iris-recognition technology, to be introduced later in the year, looks set to make leaving and reentering Macao as seamless as possible.
Representatives from government departments and NGOs also take part in the career day for students of the Macao Institute for Tourism Studies.
CEO Lawrence Ho highlighted the impact of “travel restrictions imposed across mainland China and Macau” during the pandemic.
Although a strong performance, the figure is still well down on the totals registered before the Covid-19 pandemic.
Subsidies for R&D, rent, furnishing and more are available to companies setting up in Hengqin, authorities say.