The public University of Macau (UM) and state-owned Nam Kwong Petroleum & Chemicals Co. Ltd. (NKOIL) have signed a strategic cooperation framework agreement.
Business
The Macao government said in a statement today that from 8 am Monday (6 July) Macao residents entering Zhuhai can visit the eight other mainland cities in the GBA.
The Macau International Airport’s number of passengers fell 99.76% year-on-year to 1,836 in June.
Due to the COVID-19 pandemic, it now forecasts that Macao’s economy will drop by between 55.7% and 59.1% this year, in which case its gross domestic product (GDP) will return to the level it was in 2005 or 2004 in real terms.
Macao casino’s Gross Gaming Revenue (GGR) for June dropped 97% year-on-year.
Macao’s merchandise imports fell by 39.1 percent year-on-year in May, while exports dropped by 24.2 percent .
Sands China President said that the US gaming operators has been reducing its number of employees by not renewing the employment contracts of some of them when they expire.
Joint Announcement of People’s Bank of China, Hong Kong Monetary Authority, and Monetary Authority of Macao on Launch of Cross-boundary Wealth Management Connect Pilot Scheme in Guangdong-Hong Kong-Macao Greater Bay Area
Local telecom operator CTM CEO Vandy Poon Fuk Hei said on Monday that his company was ready to launch its 5G service as soon as the government issues the operating licence.