Economy expected to accelerate to 23% in 2023, growth not expected to surpass pre-pandemic levels until 2025.
GBA
Equatorial Guinea joins Forum Macao, whose members look to China for help in recovering from the effects of the Covid-19 pandemic.
City seen as conduit for financial services between China and Portuguese-speaking countries.
Six months in the making, the deal is expected to greatly increase AGTech’s recognition in the region.
Compared to the millions who flocked to Macao back in early 2020, last month’s total of 655,505 – more than 90% mainlanders – was a paltry result.
Inducements include subsidies for investors and rewards for highly qualified young workers; plans for convention and exhibition centre also mooted.
CEO Lawrence Ho hopes higher vaccination rate will lead to reduction of travel restrictions, remains positive about upcoming gaming concession tender.
Gaming industry can create a good ‘template’ for Macao companies to follow by reporting on environmental, social and governance risks.
Covid-19 blamed for fewer arrivals; GBA supplies more than half of Macao’s visitors, with most coming from Zhuhai.