Secretary for Economy and Finance Lionel Leong Vai Tac said Tuesday the government would have to cut its expenditure if the city’s average gross gaming revenue drops to 18 billion patacas a month. The policy secretary made the remark after attending an annual seminar hosted by the Macau Chamber of Commerce (ACM) in Nape. Leong […]
Lionel Leong
The Secretary for Economy and Finance, Leong Vai Tac, said Tuesday the visit to Fujian had achieved practical results in facilitating enterprises in the two places and in cross-boundary investments, further leveraging Macau’s advantages in the Portuguese-speaking countries. Speaking to reporters at the end of his two-day visit, Leong said aspects of co-operation explored included […]
A portion of the MSAR’s financial reserves could be transferred to mainland China for investment purposes. The government intends to introduce the measure in order to boost bilateral cooperation. It also expects the return of the investment to potentially reach 4 percent, which would be higher than the 2 percent recorded last year but still […]
Secretary for Economy and Finance Lionel Leong Vai Tac said on Wednesday the government aimed to meet its target for the basic liberalisation of trade in services with Guangdong by the end of this year. The policy secretary made the pledge in a speech at a one-day seminar on the implementation of the Closer Economic […]
Lionel Leong says Macau’s economy is likely to decline in the first quarter of 2015 if gaming revenues continue to drop. The Secretary for Economy and Finance also says the government is taking note of the steep decrease in casino revenues reported during the Chinese New Year week. Gaming revenue is estimated to have plunged […]
Secretary for Economy and Finance Lionel Leong Vai Tac has reacted coolly to his Hong Kong counterpart’s proposal to set up a tripartite platform involving Hong Kong, Macau and the mainland. Responding to Hong Kong Financial Secretary John Tsang Chun-wah’s suggestion on Wednesday that Hong Kong, Macau and the mainland should form a new economic […]
Secretary for Economy and Finance Lionel Leong Vai Tac said in a statement on the 4th of January that the government would try to minimise any adverse impact resulting from economic fluctuations on the market and residents’ livelihoods. The newly-appointed policy secretary also said that to diversify the city’s economy the government would be “proactive […]
The Secretary for Economy and Finance Leong Vai Tac has said that his cabinet is looking at Macau’s economic development in the coming years with both caution and optimism. He believes the city’s economy will continue to develop favorably, but recalled the central government’s advice that Macau’s top officials should be prepared to face the […]