apr24
5 Fastest Growing Economies in Asia in 2024
1. Macao Special Administrative Region of China
Real GDP Growth Rate (2024): 27.2%
GDP Per Capita Growth Rate (2024): 29.16%
Macao is the special administrative region of China and one of the fastest growing economies in Asia in 2024. Macao’s economy is booming with a real GDP growth rate of 27.2% and a GDP per capita growth rate of 29.16%.
https://www.insidermonkey.com/blog/5-fastest-growing-economies-in-asia-in-2024-1285136/5/
The Covid-19 pandemic led to more reading in Macau, the president of the Cultural Affairs Bureau (IC), Deland Leong, said yesterday.
Leong and other members of the Cultural Development Consultative Committee were speaking in a media briefing after yesterday’s Committee plenary meeting.
“The pandemic has contributed to the increase of the number of books borrowed from the local libraries,” Leong said.
“Many people kept this habit and the number of books lent by the public libraries is now higher than before the pandemic.”
The same official said new reader accounts with public libraries had grown significantly, although he did not specify a number.
https://macaudailytimes.com.mo/ic-claims-pandemic-led-to-more-reading.html
dez22
O Governo de Macau anunciou esta sexta-feira o fim da obrigatoriedade das quarentenas em hotéis à chegada ao território, alterando uma medida implementada há quase três anos.
A nova regra entra em vigor às 00h de sábado (16h de sexta-feira em Lisboa) e contempla todos aqueles – infetados ou não – que cheguem de Hong Kong, de Taiwan e do exterior, já que quem vinha do interior da China não era obrigado a cumprir observação médica num hotel designado pelas autoridades.
De acordo com um comunicado do Centro de Coordenação de Contingência do Novo Tipo de Coronavírus, quem chegar a Macau vai ter de cumprir agora cinco dias de quarentena no domicílio ou no hotel onde escolheu hospedar-se.
nov22
Macao can look forward to a steady economic recovery next year, with substantial numbers of tourists drawn back to the city and massive investment in new infrastructure projects, Secretary for Economy and Finance Lei Wai Nong has said.
The policy secretary underlined that the government’s e-consumption benefit scheme will not become a permanent measure because it is merely a “special and temporary” measure that aims to relieve residents’ financial hardship resulting from the Covid-19 pandemic.
https://macaonews.org/economy/finance-secretary-expects-steady-economic-recovery-for-macao-next-year/?utm_source=ActiveCampaign&utm_medium=email&utm_content=24+November+Daily+Read+%F0%9F%97%9E%EF%B8%8F&utm_campaign=20221124_Daily+Newsletter
out22
China’s National Immigration Administration (NIA) has announced that the smart visa facility will be reopened to all of mainland China tomorrow, 1 November, allowing mainland residents to use the facility to apply for group and individual travel to Macau.
The announcement states, “Mainland residents can apply for group travel and individual travel visas using the smart visa facility at the entry-exit administration department of their household registration or usual place of residence, without the need to submit paper applications.
https://www.asgam.com/index.php/2022/10/31/chinas-national-immigration-administration-to-reopen-macau-evisas-package-tours-nationwide-from-tuesday/
out22
Macau pode estar a viver um período de mudança de paradigma. Esta é uma das conclusões retiradas do Índice de Prosperidade feito pela Associação Económica de Macau.
A análise feita pela instituição presidida pelo ex-deputado Joey Lao indica que o último trimestre deste ano pode ser sinónimo de viragem, com a recuperação económica a acelerar no final de 2022, revertendo a tendência recessiva do passado gradualmente ao longo do próximo ano.
Segundo avançou ontem a Macau News Agency, a associação argumenta que as principais alavancas da retoma são o regresso da emissão de vistos electrónicos e das excursões turísticas. O relatório publicado no website da associação reforça o carácter gradual da retoma, indicando que “entre Agosto e Setembro, dados económicos como a entrada de turistas, taxa de ocupação hoteleira e receitas do jogo cresceram”.
https://hojemacau.com.mo/2022/10/19/associacao-preve-recuperacao-economica-no-proximo-ano/
set22
Morgan Stanley argues that even if HK/ China/ Macau quarantines are not removed, the relaxation for Mainland visitors using package tours and IVS could be positive for Macau and boom for stocks - if fully implemented.
J.P. Morgan can, finally, talk about a return to normalcy in Macau. The brokerage is optimistic about the resumption of eVisas and tours which in turn will help operators build a positive 4Q22.
Macau Chief Executive Ho Iat Seng broke the news on Saturday that Mainland China tours will resume as well as the issuing of IVS eVisas to Macau in a move aimed at boosting Macau's gaming-dependent economy.
set22
A China vai voltar a permitir excursões organizadas e a emissão de vistos eletrónicos para visitas a Macau, até novembro, anunciou hoje o chefe do Governo região administrativa especial chinesa.
https://www.sapo.pt/noticias/economia/china-facilita-emissao-de-vistos-e-viagens-em_632e7b942872b81b3c5526f7
ag22
Macau will remain as a “very profitable” market for gaming operators, as the capital expenditure for the next decade is not expected to be as high as in the past while the local mass market will gradually recover, Praveen Choudhary, an analyst from brokerage Morgan Stanley Asia, said.
He made the remarks today (Wed) in a conference session about Asian gaming destinations held on the first day of G2E Asia 2022 Special Edition: Singapore, a three-day gaming industry trade show being held for the first time in the Southeast Asian country.
https://www.macaubusiness.com/macau-to-remain-as-a-very-profitable-market-for-gaming-operators-morgan-stanley/
ag22
O valor patrimonial líquido do Fundo de Segurança Social voltou a crescer em 2021, ao atingir quase 98 mil milhões de patacas, continuando assim a ser suficiente para suportar 17 anos de despesas num hipotético cenário de receitas nulas. Por outro lado, segundo o relatório anual do organismo, o resultado líquido do exercício de 2021 desceu 16% para cerca de 4,1 mil milhões de patacas e os lucros dos investimentos desceram 10,7% para 5,4 mil milhões, reflectindo uma taxa de 5,92% em termos de ganhos médios
https://jtm.com.mo/local/fundo-de-seguranca-social-segue-de-vento-em-popa/
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