Gaming mogul Stanley Ho Hung Sun’s son Arnaldo Ho Yau Heng announced Thursday that he will open a HK$5-billion Macau-themed resort called Lisboeta in 2020, just across the road from the luxury Grand Lisboa Palace in Cotai.
Business
The Secretary for Economy and Finance of Macau Leong Vai Tac said Thursday in his opening speech during the Macao International Trade and Investment Fair (MIF 2018) that Macau has made considerable progress in its efforts to integrate itself into the national development.
The 23rd Macao International Trade and Investment Fair (MIF) kicks off Thursday along with the 2018 Portuguese-speaking Countries Products and Services Exhibition (PLPEX).
Hong Kong and Macau Affairs Office of the State Council Director Zhang Xiaoming said at the weekend that enhancing the well-being of the people in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), particularly in terms of creating more opportunities for young people, is one of the intentions of the city cluster initiative.
The inward direct investment flows to Macau decreased by 79.9 percent year-on-year to 3.01 billion patacas (about US$373.3 million) in 2017, Macau’s statistics and census service said.
The International Monetary Fund (IMF) has revised its forecast for Macau’s economic growth downwards to 6.3%, according to the Fall World Economic Outlook, published recently.
Chief Executive Chui Sai On said Monday that his government will study how to provide stronger support to young business start-uppers.
Macau’s Banco Nacional Ultramarino (BNU) is looking to increase support for the more than 40,000 small and medium-sized enterprises (SMEs) in the territory, said Carlos Cid Álvares, the bank’s chief executive told the Tribuna de Macau newspaper.
Casino gross gaming revenue in Macau rose 2.8% year-on-year in September, to MOP 21.952 billion (US$ 2.72 billion)