Integrated resorts group sees the investment as supporting the diversification of Macao’s economy through the development of its financial markets.
Business
Isadora Leung founded Enough Macao to enable the next generation to stop using single-use items without breaking the bank.
Integrated resorts like The Venetian and Four Seasons perform better but both Sands Macao and newly opened Londoner fare poorly.
Loans of up to MOP 2 million on offer as bank reaches out to both individuals and SMEs affected by Covid-19’s impact on the economy.
Major loss is fourth in as many years. Macau Horse Racing company due to hold the concession until 2042.
Under the innovative scheme, Macao residents will be able to buy reminbi-denominated wealth management products via participating banks.
New proposals would bring Macao into line with international protocols while also attracting new foreign investment.
Bonds, with three-year tenor at 2.68 per cent interest, were three times oversubscribed by institutional investors from all around the world.
Outlook much healthier for next year, with growth forecast to top 37 per cent; foreign exchange reserves steady at MOP 212 billion.