Chief Executive Ho Iat Seng said that the government has decided to go ahead with the Macau Grand Prix (MGP) this year amid the COVID-19 pandemic because it already decided last year to hold the annual motor-racing event in 2020 and signed agreements with the relevant contractors at that time.
Ho Iat Seng
Chief Executive Ho Iat Seng said that a 5G network covering the whole city would need an investment of over MOP 3 billion.
Chief Executive Ho Iat Seng pointed out that according to its standards, the central government would only classify Hong Kong as a Covid-19 low-risk area if no new local cases have been confirmed for 14 consecutive days.
Chief Executive Ho Iat Seng pledged on Monday to set up a mechanism to normalise the government’s Covid-19 prevention and control measures and to speed up the city’s economic recovery at the same time.
Chief Executive Ho Iat Seng said on Monday that the way the government will give residents its annual “wealth-sharing” handout next year would depend on their views and the development of the COVID-19 pandemic, but he reaffirmed that the government would continue sharing the city’s wealth with residents in cash if “everybody” prefers it that way.
Ho said that the government will hold a public consultation first before drafting amendments to the gaming law. Ho pointed out that according to the full version of the 2021 Policy Address, the government plans to submit a bill amending the gaming industry law to the legislature for debate and vote in the fourth quarter of next year, but whether the schedule could be achieved would depend on the outcome of the public consultation to be held next year.
Chief Executive Ho Iat Seng underlined the Macao government’s continued need to impose an entry ban on foreigners so as to protect the city from Covid-19 risk.
Chief Executive Ho Iat Seng said that Macao would need housing projects for Macao’s sandwich class. Ho said that young people or those who do not live with senior citizens have only a small chance of buying a subsidised home-ownership scheme (HOS) flat.
Chief Executive Ho Iat Seng will deliver his 2021 Policy Address in the hemicycle of the Legislative Assembly (AL) from 3 pm today. Afterwards, he will give a press conference at Government Headquarters starting at 5 pm.