The good news? More Macao companies plan to increase wages. But before you get too excited, hikes are expected to reach modest levels only.
News
Delegates in Beijing for the annual ‘two sessions’ gatherings are told that the central government will work to develop the local economy.
Weak external and domestic demand brought about by the Covid-19 pandemic caused a sharp contraction in economic activity.
Restoration of Macao’s air network continues in the wake of the Covid-19 pandemic, with services to Osaka, among others, resuming this month.
Social isolation and the sharp fall in visitors to the territory, as a result of Covid-19, brought about a major reduction in crime during 2022.
Mobile payments topped 26 billion patacas last year, 40 percent more than in 2021 and 20 times more than in pre-pandemic 2019.
Authorities have issued warnings after a recent spate of smuggling cases, with contraband such as frozen food and electronic parts intercepted at the Hengqin checkpoint.
The new facility will be the second factory for Dugongo Cimentos and is slated to have a capacity of about 6,000 tons of cement a day.
New iris-recognition technology, to be introduced later in the year, looks set to make leaving and reentering Macao as seamless as possible.