Chief Executive says government still mulling how relief will be distributed, acknowledges unemployment situation is ‘very serious’.
Business
Ho Iat Seng says quarantine regulations would still apply and decision dependent on central government and Covid-19 situation.
Number of booths doubled to 160; fair to showcase Made in Macao and Macao brands as well as numerous other goods and services.
Non-resident workers should get MOP 3,000 consumption card, chamber suggests. Proposal spurs heated debate.
Extra funds required to meet tendering terms; chairman Daisy Ho says company in strong position to win 10-year concession starting next year.
Loss comes at a time when Macao’s casinos were forced shut and partial lockdown was put in place by government to tackle Covid-19 outbreak that started on 18 June.
Plan sets out MOP 10,000 for eligible employees and freelancers, and up to MOP 500,000 per business.
Company refinanced its syndicated banking facilities last month, with HK$9 billion term loan and HK$10 billion revolving credit.
Figure also a decrease of 95.3 per cent year-on-year from MOP 8.45 billion as Macao government shut down casinos for nearly two weeks in July due to city’s latest outbreak.