The government’s current reserves amount to MOP505.2 billion (US$62.8 billion), Secretary for Economy and Finance Lionel Leong Vai Tac said in the legislature.
Leong vai tac
Monday’s 2017 Boao Forum for Asia Development Summit (Macau) focused on the theme of “Smart City Construction and Development of the Asian Region.” The one-day event was held at Sands Cotai Central.
Leong said the government hoped that the six gaming operators will submit their proposals to the bureau and the police in a week as to what measures they will take to enhance security in their casinos.
The Belt and Road Forum for International Co-operation taking place in Beijing has got the Macau delegation thinking how the local government and people should prepare themselves for participation in the large-scale project.
Secretary for Economy and Finance Lionel Leong says the government is confident that Macau’s economy will record “modest” growth this year. Macau’s economy in the first half of last year continued the downward trend seen in 2015, the second half of 2016 recorded a “relatively stable” performance.
Secretary for Economy and Finance Lionel Leong Vai Tac said on Monday the government needed to increase public investment to help boost the local economy amid its current downturn. Leong made the remarks when attending a plenary session to present the government’s 2017 budget bill, which was unanimously passed by the legislature. According to the […]
Macau Legend Development signed a memorandum of understanding with the Portuguese municipality of Setúbal, which could reach 150 million euros in the first phase, Macau’s press reported on Thursday. The first phase, due to start in the first few months of 2017, includes the construction of a hotel, a block with 60 apartments, a marina […]
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