AGP Executive Report
Last update: 7 hours agoGBA Innovation: Forty new measures aim to make the Greater Bay Area an international science and technology hub, including research programmes and a platform linking discoveries with business needs. Macao Chief Executive Sam Hou Fai pledged deeper regional cooperation to connect innovation with industrial growth. Economic Pulse: Macao’s GDP rose 2.9% in the first three quarters, but growth slowed to 0.1% in Q3 as gaming-service exports fell 4.8%. Merchandise exports and imports both posted double-digit year-on-year gains in Q3. Aviation Costs: At an industry gathering in Macao, IATA said airlines spend US$24.5 billion a year processing payments and urged digital investment to cut costs and strengthen finances. Gaming and Diversification: Casino operators are contributing US$1.1 billion to support Macao’s economic diversification through a US$2.5 billion investment fund. Circular Construction: A new waterfront pavilion uses bamboo scaffolding techniques and panels made by Macao firm Zence Object Technology from recycled tea waste and wood chips.
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