The outlook is positive, despite last year’s rocky economic performance, thanks to prudent fiscal measures taken by the government, says Fitch.
Business
Launching the digital currency, which is already being trialled in the mainland, could revolutionise casino gaming and Macao’s entire economic scene, experts predict.
Residents can start signing up next month and must finish spending their MOP 8,000 entitlement by December under the new, simpler plan.
Older buildings are marginally less expensive, and even the price of pre-sale residential units has dropped, according to official survey.
The elderly and other specially deserving cases will be first in line for the government bonus, and all entitled residents will be paid by mid-May.
Cross-border data will be key in newly formed association which aims to nurture young IT engineers and talent for the region.
IMF predicts substantial growth this year and next, while unemployment and inflation should both remain low.
Most of Macao’s imports originated from mainland China and Hong Kong (40.2 per cent), France (14.4 per cent) and Italy (13.8 per cent).
A dedicated new government department will oversee all aspects of Macao’s TCM industry, which has played a significant role in combating Covid-19.