But city needs to attract foreign investment says Institute of Management President Samuel Tong Kai Chung.
Business
Macao’s gross gaming revenue rose to MOP 8.02 billion (US$1 billion) in January.
The bureau will move from the Secretariat for Social Affairs and Culture to the Secretariat for Economy and Finance.
Residents and businesses could be in line for a third round of financial support measures if something “unexpected” happens.
Sands China Ltd has reported total net revenue of $672 million for Q4 2020, a 70% decline from $2.24 billion for the same period in 2019.
The decline reflects the sharp fall in the fortunes of the city’s casinos.
Las Vegas Sands Corp. named acting Chief Executive Officer Robert Goldstein as permanent CEO following the death of Sheldon Adelson.
Guangdong province, in South China, will accelerate the development of the intercity railway network in the Guangdong-Hong Kong-Macao Greater Bay Area to help boost the local economy.
Macao’s consumer price inflation rate amounted to 0.81 per cent last year, one of the lowest in recent years.