Work on the principal section of the world’s longest sea-span, the Hong Kong-Zhuhai-Macao Bridge (HZMB), is expected to be completed in early February, according to the China Daily today.
Business
Macau’s casino gaming revenue in 2017 grew by 19.1 percent to MOP265.74 billion (US$33.02 billion), according to the Gaming Inspection and Coordination Bureau ( DICJ).
Macau’s re-exports rose 36.4 percent year on year to 841 million patacas last month, the Statistics and Census Bureau (DSEC) announced Thursday.
The Y-shaped Hong Kong-Zhuhai-Macao (HZM) bridge, which will take more than 105 billion yuan (US$16 billion) to build, is expected to start carrying traffic in early 2018 and will cut the land travel time between Hong Kong and Zhuhai from 3 hours to just 30 minutes, according to the newspaper China Daily.
The Macau government is putting all its efforts into completing the Macau boundary crossing area of the Hong Kong-Zhuhai-Macao (HKZM) Bridge before the end of the year, according to an official statement.
Macau’s gross gaming revenue (GGR) in December could reach MOP23.5 billion (US$2.93 billion), rounding out the year for a take of about MOP286.5 billion(US$35.8 billion), according to a report by Hong Kong Shanghai Banking Corporation (HSBC).
Two new agreements – under the framework of the Mainland and Macau Closer Economic Partnership Arrangement (CEPA) – were signed Monday with the aim of advancing integration of Macau’s development with that of the country as a whole, the Secretariat for Economy and Finance (GSEF) said in a statement.
The Legislative Assembly (AL) Wednesday passed the government’s 2018 budget bill, according to which the government expects a total expenditure of 109.61 billion patacas (US$13.7 billion)next year, a year-on-year increase of 14.5 percent, or 13.89 billion patacas.
Cooperating with different Internet service providers, the Macau Post and Telecommunications Bureau (CTT) launched its free Wi-Fi hotspot — FreeWiFLMO – at the Communications Museum in Estrada D. Maria II Wednesday.