The Londoner Macao’s 6,000-seat arena ready for action later this year; another ceremony on drawing board for property’s full opening.
Business
Most used to work in hotels, restaurants or gaming industry; government seeks to encourage graduates to join internship scheme.
Government launches MOP 300 million scheme, running from June to August, to offset negative effects of Covid-19.
Covid-19 travel restrictions hit gaming industry with knock-on effect on city’s overall economy.
Overall unemployment rate now stands at 3.5%; most job-seekers used to work in construction or gaming industries.
Complex transfer involving bond issue should clear way for company to retender for gaming concession at year’s end.
Householders stand to get up to MOP 100 a month, while businesses are due up to MOP 500 monthly; subsidy can be used up till June 2023.
Macao currently focuses more on AI benefits, but should also look at ‘what can be done if it is used in a harmful way’.
Secretary for Security Wong Sio Chak points to illegal currency exchange activities as one of the main issues.