Fitch Ratings Inc. announced yesterday that it has affirmed Macau’s long-term foreign-currency issue default rating (IDR) at “AA” with a stable outlook.
Business
The Legislative Assembly (AL) Tuesday passed a government-initiated bill banning off-duty gaming staff from entering local casinos, with the aim of reducing the risk of gaming staff becoming addicted to gambling.
Secretary for Transport and Public Works Raimundo do Rosario said Monday that the project to construct the Light Rail Transit (LRT) section connecting Taipa and Barra on the peninsula – via Sai Van Bridge – is budgeted at 4.5 billion patacas (US$ 562 million).
Secretary for Economy and Finance Leong Vai Tac Wednesday reaffirmed the government’s stance of banning the hiring of non-local casino dealers.
The government’s Infrastructure Development Office (GDI) published in the Official Gazette (BO) Wednesday an invitation to tender (ITT) for the design and construction of the fourth bridge between the peninsula and Taipa.
Gross gaming revenue in Macau casinos rose 8.5 percent in November to 25 billion patacas (US$ 3.1 billion) from a year earlier, according to data released Saturday by the Gaming Inspection and Coordination Bureau (DICJ).
Macau’s mobile phone imports jumped 179 percent to 1.18 billion patacas last month, the Statistics and Census Bureau announced Thursday.
The civil aviation authorities of mainland China and Macau signed an air transport deal in Beijing this week.
Secretary for Economy and Finance Lionel Leong Vai Tac said in the legislature’s hemicycle Tuesday that the government is studying the possibility of launching a new pilot scheme for the granting of residency to “talents” and science and technology (S&T) professionals from outside Macau, according to which such applicants would not need to secure a job from a local employer first before being approved to move to Macau.