While many economies are struggling with rapidly rising prices, Macao appears able to keep inflation in check.
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While providing some relief, the measure appears unlikely to solve the chronic shortage of taxis that has both locals and tourists grumbling.
The Macao Trade and Investment Promotion Institute says the accolade is due to the city’s “concerted efforts to provide excellent conference experiences.”
Residential loans were down by 36.1 percent, month-on-month. Commercial loans, meanwhile, dropped by a hefty 52.8 percent.
Wages get withheld, working hours are excessive, wrongful dismissal cases get handled poorly, and there’s not enough annual leave – according to the majority of respondents.
The government says it’s still too early to talk price-points for the new initiative, which will offer decently-sized flats to people ‘sandwiched’ between currently available subsidised housing and the private sector.
After repeated bashings by trucks and coaches, the UNESCO-listed Mandarin’s House can breathe a sigh of relief.
It started off as a 299 million patacas project. With both scope and the price tag ballooning, officials are scrambling to mollify a public worried about reckless spending.
The Macao public have just 30 days to submit feedback on the government’s freshly-proposed five-year economic diversification plan, centred around reducing dependency on casinos.