Brazil is one of the most active cloud markets in Latin America, with cloud adoption in the country increasing nearly 40 percent since 2019.
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The local government says the changes are a “step to respond effectively” to what it describes as “new adverse challenges in terms of national security”.
Mainland China, Hong Kong and Taiwan remain the biggest source of visitors, but overnight visitors are staying for shorter periods, the latest figures show.
Public works chief Raimundo do Rosário says the sell-off – Macao’s first in years – “won’t be within days” but “maybe in some weeks or even months.”
The local switchover rate is relatively fast compared to other nearby jurisdictions, says post and telecoms chief Lau Wai Meng.
However, while transactions showed strong recovery in the first quarter, one leading realtor warns that they will slow this month.
The African nation’s trade minister says it wants to ‘attract more Chinese investment and take advantage of the opportunities that are offered’.
New figures show that gaming taxes accounted for more than 75 percent of the Macao government’s total revenue for the first four months of 2023.
Mainland Chinese are the biggest spenders, followed by tourists from Taiwan and Hong Kong, with shopping topping the expenditure list.