That’s the most optimistic projection made in the University of Macau’s economic forecast for 2024, but much depends on how many tourists the territory can attract.
Business
The high number of visitors to Macao during the Christmas period bodes well for the start of 2024, according to some industry insiders.
Macao’s per capita GDP is well above many of its neighbours’, including Hong Kong, Taiwan, Japan and South Korea.
Average daily arrivals neared 110,000 across the four-day holiday, in an end-of-year boost to the local tourism industry.
The award reflects the pharmaceutical company’s long history in Macao and its commitment to creating rewarding career opportunities, Hovione’s Macao site manager said.
The official number of arrivals for 24 December came in at an impressive 120,000, in spite of TurboJET’s malfunctioning website.
Year-on-year, however, the cost of education is up by more than eight percent, while labour groups say inflation is more serious than official figures show.
Chief Executive Ho Iat Seng confirmed the estimate during yesterday’s celebrations marking Macao SAR Establishment Day.
Enrollment is now open for the new offering, which aims to transform ambitious professionals into ‘visionary leaders.’