Fitting-out work is now underway at the 4,000 apartments being built in Hengqin, with completion expected before the end of the year.
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Rapid increases in gas prices on the international market are forcing hikes in Macao with commercial customers bearing the brunt.
The start-up initivative’s name change is to reflect last year’s addition of Equatorial Guinea as member state of Forum Macao.
But expert voices hope for a steady recovery with revenues for 2023 expected to reach around half of 2019 levels.
The leftist leader must walk a delicate path between Beijing and Washington – Brazil’s two biggest trading partners.
The long awaited agreement allows holders of Macao licences to drive in mainland China in what the government hopes will be a boon for business and personal travel.
The cavalcade is the latest effort from local authorities seeking to boost tourism to the SAR in the wake of the Covid-19 pandemic.
The move brings Covid jabs in line with other vaccinations offered by Macao’s health system.
For now, the sprawling residential development in Hengqin lacks the facilities to attract much interest, analysts say.