The Legislative Assembly passed the outline of next year’s budget bill during Friday’s plenary session, according to which the government will continue to run a budget deficit.
Lei Wai Nong
The Legislative Assembly on Tuesday passed unanimously a government-initiated bill which allows the government to take on debt of up to MOP 2.2 billion (US$275.6 million) for its two loan guarantee schemes for local small- and medium-sized enterprises (SMEs).
The local government is striving for the resumption of the mainland’s Individual Visit Scheme (IVS) to Macao, Secretary for Economy and Finance Lei Wai Nong told reporters on Wednesday.
This photo, provided by Mazarine Asia Pacific communication group Wednesday night, shows Stanley Ho Hung-sun’s funeral in Hong Kong earlier that day.
The government has announced that employees, the self-employed and companies will receive financial support from the middle of this month, as one of its measures to tackle the economic impact of the COVID-19 pandemic on Macao.
Secretary for Economy and Finance Lei Wai Nong has told reporters that the new director of the Gaming Inspection and Coordination Bureau (DICJ), Adriano Marques Ho, will be sworn in on June 10.
The government aims to launch a public consultation by end of this year on granting of future gaming concessions in the run-up to the expiration of the city’s three gaming concessions and three sub-concessions in 2022.
The Macau Government Tourism Office (MGTO) will move from the government’s Social Affairs and Culture secretariat to the one of Economy and Finance.
The Macau government announced a series of economic assistance measures on Thursday, with a view to relieving the pressure felt by residents due to the impact of COVID-19.