Melco Resorts and Entertainment has launched a “Made-in-Macao” initiative to support local small and medium-sized enterprises (SMEs) by promoting new local production and manufacturing industries.
Business
A total of 2,542 building units and parking spaces were purchased and sold in the third quarter as per stamp duty records, a decrease of 3.6 per cent quarter-to-quarter.
Macao’s foreign exchange reserves amounted to MOP 187.60 billion (US$23.50 billion) at the end of October 2020, according to preliminary data released by the Monetary Authority of Macao (AMCM) on Monday.
Liu said that restrictions on “blue cards” are not the best way to protect local workers, not least because “if it is well managed” competition is positive.
Sands will hold a “Sands Mega Brand Sale” offering up to 90 per cent discount on over 200 international brands on 26-29 November.
The Macao government’s income from direct gaming taxes dropped 74.1% year-on-year to MOP 24.3 billion (US$3.05 billion) in the first 10 months of the year.
Macao’s Hong Kong-listed gaming operator Galaxy Entertainment Group (GEG) has announced a 34% quarter-on-quarter growth in its net revenue to HK$1.6 billion (MOP 1.65 billion) in the third quarter.
The International Science, Technology and Innovation Forum (ISTIF) of the Boao Forum for Asia (BFA) will be held in Macao again next year, BFA Secretary General Li Baodong, a former foreign minister, said on Wednesday, adding that a science technology expo will take place concurrently.
By making full use of the advantages of connecting and integrating the East and the West, “Macao will strive to craft a platform for high-level international scientific and technological exchanges and co-operation, one that is in high-level convergence of international modern service industries, Edmund Ho Hau Wah, vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), said on Tuesday.