Property developer Polytex has withdrawn its appeal to claim MOP 25 billion in compensation from the government for the latter’s decision to axe its ill-fated Pearl Horizon project, the Court of Final Appeal (TUI) has announced.
Business
Chief Executive Ho Iat Seng will not be in Macao until Wednesday, the Macao government announced today.
Macao’s overall residential property price index for June-August decreased by 0.3% over the previous survey period (May-July) to 268.0.
Bank of China, Limited (BOC) and Banco Nacional Ultramarino, SA (BNU) will both remain the issuers of the Macao currency until 2030, based under new agency contracts for the issuance of banknotes that had been signed today.
The government has relinquished all its shares in the Macau New Technologies Incubator Centre (Manetic) which, notwithstanding the government’s retreat, will continue to operate.
SJM executive-cum-lawmaker Angela Leong On Kei told reporters that there is a high probability that the opening of the Grand Lisboa Palace casino-hotel resort in Cotai will be postponed until next year.
Due to the economic impact of the Covid-19 pandemic, Macao’s wine imports fell by nearly 47 per cent to about MOP 245 million in the first half of the year, public broadcaster Rádio Macau-TDM reported this week.
Macao’s number of visitor arrivals in the first four days of the 8-day National Day/Mid-Autumn Festival holiday fell by 87.4% year-on-year to 77,092.
The Hong Kong government is planning to set up a “health code” system that allows quarantine-free travel among Hong Kong, Guangdong and Macao.