The government says it is putting plans for its affordable housing project on hold, due to lacklustre demand.
Chief Executive Ho Iat Seng
The bill also proposes raising public servants’ salaries and continuing the annual cash handout to residents.
Charges against a senior public prosecutor have marred a year that otherwise saw the conclusion of several complex cases.
The Chief Executive described Macao as an important node in the Belt and Road Initiative, and offered examples of how the SAR’s digitalisation efforts were enhancing cooperation.
Lisbon and Macao are currently embroiled in talks over the sharply falling number of Resident Identity Cards issued to Portuguese nationals in the territory.
Authorities have already promised to add 300 more taxis to the city’s fleet. Demand might see that number grow to 500.
Priorities are likely to include polishing Macao’s status as a non-gaming destination, furthering economic diversification, and greater integration with Hengqin.
TDM has signed cooperation agreements with broadcasters in four Portuguese-speaking countries and will also begin broadcasting to the Pearl River Delta.
The development of the local bond market, and other financial services, forms a key part of the territory’s economic diversification strategy.
