Covid-19’s adverse impact on Macao’s economy exposed its over-dependence on the gaming industry. Chief Executive Ho Iat Seng pledges his government will push ahead with economic diversification.
Greater Bay Area
The Macao government will be extending the scope for the quarantine waiver to include 8 other Greater Bay Area (GBA) cities, according to a statement from the Government Information Bureau (GCS) this morning.
Joint Announcement of People’s Bank of China, Hong Kong Monetary Authority, and Monetary Authority of Macao on Launch of Cross-boundary Wealth Management Connect Pilot Scheme in Guangdong-Hong Kong-Macao Greater Bay Area
Chief Executive Ho Iat Seng on Monday underlined the importance of Macao’s participation in the development of the Greater Bay Area (GBA), with special emphasis on development projects in Hengqin initially.
A financial support guideline for the development of the Guangdong-Hong Kong-Macau Greater Bay Area has been issued, China’s central bank said.
An exhibition of photos taken by teachers and students from the University of Macau’s (UM) Department of Chinese Language and Literature is on display at the 10 Fantasia gallery.
Due to the impact of the COVID-19 epidemic, Macau’s number of visitor arrivals dropped 16.8% year-on-year to 2.85 million in January.
Local telecom operator CTM and Angola Cables have recently signed a Memorandum of Understanding that will enhance digital business opportunities between Macau, mainland China and Portuguese-speaking countries.
Ambrose So Shu Fai of the International Forum on Clean Energy (Macau) and SJM Holdings, said that the IFCE would “enhance the international community’s confidence in China’s commitment to the Paris Agreement”.