Economy

The acquisition of one of Portugal’s biggest agricultural companies by Macao firm CESL Asia last year may yet be seen as a defining moment in the economic relationship between China, Portugal and our SAR.

Macao’s integrated entertainment resorts have proved to be a major cog in the economic success of the SAR over the past two decades – and the city’s gaming industry is expected to keep reinventing itself in the years to come to entice tourists and more investment.

Despite the obvious success the gaming dollar has brought to Macao, its economy is on the verge of change. There’s a new financial model brewing in the city – and it’s a globally minded one.

Tai Kin Ip, director of the Macao Economic Bureau, discusses financial schemes in Macao and how the SAR’s cash is spent on supporting businesses and young entrepreneurs.

Meet 6 young entrepreneurs from Macao innovating and founding businesses for the next generation.

This month marks AirAsia’s 15th anniversary in Macao. The Malaysian airline flew 83.4 million passengers to more than 140 destinations across the continent last year, making it the largest low-cost – and the fourth largest – airline in Asia after Chinese carriers.

Marcus Im Sio Kei is the new president of the Macao Polytechnic Institute. Six months after succeeding Lei Heong Iok, Im has a clear goal: to solve all “communication problems” between China and the Portuguese-speaking countries.