Major loss is fourth in as many years. Macau Horse Racing company due to hold the concession until 2042.
Business
Under the innovative scheme, Macao residents will be able to buy reminbi-denominated wealth management products via participating banks.
New proposals would bring Macao into line with international protocols while also attracting new foreign investment.
Bonds, with three-year tenor at 2.68 per cent interest, were three times oversubscribed by institutional investors from all around the world.
Outlook much healthier for next year, with growth forecast to top 37 per cent; foreign exchange reserves steady at MOP 212 billion.
This year’s GGR likely to reach only MOP 91 billion, about MOP 40 billion short of government target.
Melinda Chan Mei Yi calls for aid for small entertainment venues and businesses in locked-down areas as well as long-term support for SMEs.
Proposals include MOP 10,000 cash handout for certain tax payers, interest-free loans of up to MOP 600,000 and three-month rent exemption on government real estate.
Swift and simple service will be available at 1,100 ATMs across the city; plans to expand to Hong Kong in 2022.