Police, banks and Monetary Authority fight back with counter measures against cross-border gangs.
Monetary Authority of Macao
Bonds, with three-year tenor at 2.68 per cent interest, were three times oversubscribed by institutional investors from all around the world.
Outlook much healthier for next year, with growth forecast to top 37 per cent; foreign exchange reserves steady at MOP 212 billion.
Proposals include MOP 10,000 cash handout for certain tax payers, interest-free loans of up to MOP 600,000 and three-month rent exemption on government real estate.
The food and beverage industry is the chief beneficiary as residents shell out MOP 473 million via the e-consumption benefits plan.
Economic situation holds relatively steady with few unforeseen developments, according to the Monetary Authority of Macao.
Residents are being advised to carefully read the small print to ensure they get the benefits that suit them best.
Both commercial and residential sales rise as banks hand out loans and government backs first-time buyers.
The outlook is positive, despite last year’s rocky economic performance, thanks to prudent fiscal measures taken by the government, says Fitch.