Last year was a good one for Macau’s fiscal reserves fund, which generated an annualized ROI on investment in global markets of 5.6%, a record high since it was established in 2012. At the end of December, 2019, the fiscal reserves stood at MOP579.4 billion, a 13.9% rise over 2018, of which basic reserves were MOP148.9 billion and excess reserves MOP430.5 billion. GOV
With effect from noon today (26th February, Wednesday), individuals who have been to South Korea are subject to 14-day medical observation in quarantine upon entering Macau. GOV
The government says it has received no request by casino operators for tax breaks due to the current difficulties experienced by the coronavirus outbreak. It had previously been suggested by SJM Holdings CEO Ambrose So that this might be worth considering. GGRA
MGTO Director Maria Helena de Senna Fernandes has described the current situation facing Macau’s hotel operators as worse than during the SARS outbreak of 2003, after revealing that the hotel occupancy rate plunged to just 11.6% in the week from 15 to 21 February. IAG
Macau has not yet announced when schools and colleges might resume classes. Sources point to March 16. MDT
Professor Liu Liang, Academician of the Chinese Academy of Engineering and Rector of the Macau University of Science and Technology (MUST), in collaboration with Xiao-Jun Yao, Professor of the State Key Laboratory of Quality Research in Chinese Medicine (MUST), has discovered several active ingredients from traditional Chinese medicine which could significantly inhibit critical targets of the new coronavirus, Covid-19.The scientists screened molecules frequently used in traditional Chinese medicine and identified ingredients that could prevent virus replication, which might make them promising candidates for further investigation into the drugs for treating the novel coronavirus, said the University. MDT
Macau’s government has not revealed the details of rental costs for its side of the immigration hall at the soon-to-open Hengqin Port, which is being jointly operated with the Guangdong immigration authorities, according to what was discussed at the Legislative Assembly yesterday. MDT
The Macau International Travel (Industry) Expo and Food Forum postpone to September, while the International Fireworks Display Contest, originally scheduled for September, might also change. MDN
Koi Kei Bakery has closed three of its Hong Kong stores due to the coronavirus outbreak, but its stores in Macau will not be affected, the company has said. MDN
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