Public works chief Raimundo do Rosário says the sell-off – Macao’s first in years – “won’t be within days” but “maybe in some weeks or even months.”
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The local switchover rate is relatively fast compared to other nearby jurisdictions, says post and telecoms chief Lau Wai Meng.
However, while transactions showed strong recovery in the first quarter, one leading realtor warns that they will slow this month.
The African nation’s trade minister says it wants to ‘attract more Chinese investment and take advantage of the opportunities that are offered’.
New figures show that gaming taxes accounted for more than 75 percent of the Macao government’s total revenue for the first four months of 2023.
Mainland Chinese are the biggest spenders, followed by tourists from Taiwan and Hong Kong, with shopping topping the expenditure list.
After a three-year hiatus, the iconic event will take place in September and October, featuring 10 competitors from Japan, Portugal, mainland China and elsewhere.
Investments in the GBA’s high-speed rail and freight lines are surging ahead, according to the deputy director of Guangdong province’s transport department.
Gong Tao’s remarks, made to Angolan President João Lourenço, appear to quash suggestions that Beijing is reducing the importance it places on ties with Luanda.