For the whole year of 2020, Macao’s GDP declined by 56.3 per cent in real terms while domestic demand shrank by 10.3 per cent year-on-year.
News
Late casino magnate’s daughter sells off another MOP 460 million in MGM shares, prior to what insiders say is likely a return to the family business.
High degree of autonomy promised yet Beijing looks to “improve” systems in Macao and Hong Kong.
US think-tank lumps Macao and Hong Kong in with China, prompting allegations of “political bias”.
Government still reviewing the situation, while industry association boss proposes formal training and licensing system.
Alvis Lo – who has fronted Covid-19 press conferences – takes over as head of the Health Bureau as the former director moves to a specialist role.
Macao Water’s profits suffer as commercial consumption drops 24 per cent, but company plans to forge ahead by harnessing technology.
The forecast is set fair for Fong who gets to keep his good reputation – and his MOP 80,000 monthly pension – after a lengthy court battle.
Statement follows the sudden death of a 63-year-old in Hong Kong shortly after his inoculation as Macao’s programme rolls along.