Macao’s homegrown gaming concessionaire struggled under Covid-19 restrictions and says in a regulatory filing that its losses worsened last year.
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In an interview with the CGTN television network, the billionaire CPPCC member says being international ‘does not mean that we become just part of them’.
The influx of business visitors to Macao is a sure sign that the city is returning to normal after the Covid-19 pandemic, with officials hoping to stage up to 1,000 MICE events this year.
More than 21,000 students attended 950 vocational training courses last year, with additional emphasis placed on raising English standards and adjusting to changes in the construction industry.
An official survey of the industry in the last months of the pandemic paints a picture of depressed wages and virtually no labour movement.
The South American nation wants to reverse what one official called the “dismantling” of the sector during the previous administration of President Jair Bolsonaro.
The good news? More Macao companies plan to increase wages. But before you get too excited, hikes are expected to reach modest levels only.
Delegates in Beijing for the annual ‘two sessions’ gatherings are told that the central government will work to develop the local economy.
Weak external and domestic demand brought about by the Covid-19 pandemic caused a sharp contraction in economic activity.