GDP now stands at MOP 55.4 billion as exports show significant increase and visitor arrivals pick up after a dismal 2020.
Business
Poor casino revenues impacted by Covid-19 compel government to dig into Macao’s reserves for the third time this year.
Macao-owned and operated company paints a healthy vision of e-powered transport in the city.
Chief Executive Ho Iat Seng says officials still working on revising law and preparing tenders, urges those concerned not to worry.
Project costing US$1.3 billion will comprise two hotel towers with 900 rooms and suites, Asia’s largest indoor and outdoor water parks and a six-screen Cineplex.
Three expos this weekend feature huge variety of transport, from RMB 1 million yachts to mainland’s state-of-the-art manned electric Ehang 216 aircraft.
Casino boss praises developments in Hengqin and applauds near 100% vaccination rate among staff.
Wynn Resorts CEO Matt Maddox to leave company at the end of January, to be replaced by current CFO Craig Billings.
Studio City’s second phase on track for completion in December 2022, however Ho sees future of gaming business focussed on mass market.