As it emerges from the pandemic, Macao seeks to position itself as a well-rounded destination, but there are obstacles according to Alidad Tash.
Business
The average price of gasoline in the last quarter of 2022 hit nearly 14.3 patacas per litre, according to the Statistics and Census Service.
Rapid increases in gas prices on the international market are forcing hikes in Macao with commercial customers bearing the brunt.
But expert voices hope for a steady recovery with revenues for 2023 expected to reach around half of 2019 levels.
Macao will also give away 120,000 airline tickets in a“buy-one-get-one-free” deal for domestic and foreign passengers.
Rapid strides made in tourism and gaming prompt optimistic forecasts from analysts.
Fate of debt-laden property conceived by Hong Kong entrepreneur Stephen Hung remains in balance; creditors must register claims by end March.
Any amount not used by the deadline will be returned to public coffers; 28 February will be final day.
Food and staycation prizes worth MOP 3 million also up for grabs; scheme devised to boost Macao’s post-pandemic economic recovery and market sentiment.