Macao’s secretary for economy and finance Lei Wai Nong has expressed an interest, following an inspection tour in Hengqin yesterday
Business
In interviews with mainland Chinese media, the city’s outgoing top official says Macao is ‘shifting away from a gaming-dominated economy’
Recent government data indicates that outbound trips by Macao residents have been booming this year, with a 45 percent increase during the first ten months
The new two-tier customs arrangement between the SAR and Hengqin has contributed to the increase thanks to its largely tax-free status
In its bid to diversify Macao’s economy, the government is aiming to have non-gambling industries generate over half of local GDP by 2028
When compared to the annual figures in pre-pandemic 2019 and 2023, the current rate marks an increase of 2.7 percent and 9.4 percent respectively
The August to October period experienced a small drop compared with the previous rolling three-month period, but fell by 12.4 percent year-on-year
The Fortune Brainstorm Design 2024 was held yesterday, providing a platform to top designers and business leaders to exchange ideas and insights
While cautioning that visitor arrivals over the festive season won’t match pre-pandemic levels, the MGTO chief says a number of visitor boosting events have been scheduled