International ratings agency paints cautiously rosy future for city and its main industry, notes Macao’s finances are among strongest across Fitch-rated sovereigns.
Business
Business has been ‘difficult’ but city’s best-known bakery has been able to ‘ride the storm’ with solid earnings while retaining all staff.
Ordinary business category charges reduced by 20%, rates for social housing customers slashed by more than half.
Some migrant workers hope to get incentives as a number of locals think non-resident workers should be included in this new round.
Lawmaker queries lengthy delay in launching point-to-point freight service, which has been held up by changes brought about by Urban Planning Law.
Major industry players step back in the run-up to new laws which aim to clean up gaming and protect Macao’s image as an international leisure destination.
Troubled junket operation, whose former boss Alvin Chau is in custody, ceases travel business which had made up around 12% of its total revenue.
Government has yet to apply to the Legislative Council for budgetary allocations; consumption card amount has not been revealed yet.
Numerous Covid-19 outbreaks in mainland China and lockdowns take a toll on the city’s gaming industry and government coffers.