In largely upbeat report, researchers predict strong growth in visitor numbers and government revenues of around MOP 60 billion; numbers still lag behind 2019’s results.
Business
Tour group from Southeast Asia expected later this month; MGTO considering MOP 350 nightly subsidy for travellers from foreign countries staying in city hotel.
Monetary Authority records gradual growth; resident deposits increased 5.2% to MOP 697.4 billion, non-resident deposits rose 4.2% to MOP 321.7 billion.
January’s MOP 11.58 billion GGR up by 232.56 per cent month-on-month but around half receipts of MOP 22.12 billion prior to pandemic in January 2020.
Applicants must be Macao residents, aged under 36, who graduated from tertiary education institution between 2019 and 2022; deadline 15 February.
Monthly earnings fall across the board, with workers’ wages down by average of MOP 900.
CEO Robert Goldstein remains ‘deeply confident’ in future of Macao and considers it an ideal market for additional capital investment.
Petrol, fruit, eating out, helpers’ wages and electricity all more costly, however pork, telecoms and residential rents cheaper.
Industry expert says next generation should be educated and allowed to decide instead of being told what to do.