Macau gaming operator MGM has announced further measures to assist small- and medium-sized enterprises (SMEs) in coping with the adverse impact of the COVID-19 epidemic.
Business
Macau’s gross gaming revenues fell 87.8% year-on-year to MOP 3.1 billion last month.
Macau’s gross domestic product shrank 4.7% in real terms last year, the Statistics and Census Bureau (DSEC) announced on Saturday.
Macau’s international banking assets rose 12.7 per cent year-on-year to 1.71 trillion patacas (US$214 billion) at the end of last year.
Sands China is donating MOP 1.65 million to 33 elderly and rehabilitation centres indicated by the Social Welfare Bureau to assist them in tackling the spread of the COVID-19 and safeguard the health of their over 3,100 users.
The financial reserves of the Macau Special Administrative Region (MSAR) gained a record 5.6% last year, when they reached around MOP 580 billion (US$72.5 billion).
The Macau Government will review the legal diploma that requires at least two years of registration in the Financial Services Bureau for SMEs to apply for existing support plans.
Sands China has donated 1 million patacas (US$125,000) to four social service organisations in the city to help them assist the community’s most vulnerable cope with the fallout from the COVID-19 epidemic.
Sands China is donating 30,000 bottles of alcohol-based hand sanitiser gel to local community organisations as part of COVID-19 relief efforts.