Macau will end 2019 with an economic contraction of 0.3%, contrary to the previous forecast for GDP growth of 3.2% in 2019, according to a forecast from the Economist Intelligence Unit (EIU) released on Friday.
Business
The central government’s Belt and Road Initiative (BRI) will create employment for up to 21,000 people in the Philippines, Secretary for Administration and Justice Sónia Chan Hoi Fan said.
The environmental impact assessment of the construction of an underwater tunnel between the Macau peninsula and the island of Taipa is under public consultation until 21 June.
Vandy Poon Fuk Hei, CEO of local telecom operator CTM, said Tursday that the company would bring 5G technology into commercial use in the first half of 2020, at the same pace as neighbouring regions.
Melco Resorts & Entertainment Limited Chairman and CEO Lawrence Ho said that the recent acquisition of Crown Resorts Limited shares would help his company enter the Japanese gaming market.
New motor vehicle registrations fell by 26.1 percent year-on-year to 906 in April, the Statistics and Census Bureau (DSEC) has announced.
Macau’s gross domestic product (GDP) shrank by 3.2 percent year-on-year in real terms, ending the uptrend that lasted for 10 consecutive quarters, the Statistics and Census Bureau (DSEC) said Monday.
Gaming revenue returned to year-on-year growth last month, yet analysts cautioned that the modest gain is a sign that the world’s largest gaming hub still faces headwinds from regional competition and trade-war uncertainties.
The Macau government will subsidise the LRT skytrain operation with more than 1 billion patacas a year, Mak Soi Kun, president of the Legislative Assembly’s Public Finance Affairs Follow-Up Committee, has indicated.