New Economic Challenges – 2020.07.22

Macau: New Economic Challenges

Co-organization: Rui Cunha Foundation and Plataforma – Newspaper

 

July 22, 6pm (GMT+8)

Sam Tou – Executive Director, Banco Nacional Ultramarino

Angus Cheong – PhD Founder & CEO, eRS Innovation & Insights

José Sales Marques – President of the Institute of European Studies of Macau (IEEM).

Moderator:

Paulo Rego – General Director, Jornal Plataforma

 

The Rui Cunha Foundation and the Plataforma Newspaper will hold next Wednesday, on the 22nd of July, at 6 pm (Macau) – 11 am (Lisbon), a Webinar on Macao’s New Economic Challenges, inserted in the cycle of Digital Talks conferences.

The last two decades of Macau have been marked, not only by the creation of the SAR, but mostly by the vertiginous growth of the territory’s economy, which has resulted from the explosion (liberalization) of the gaming industry.

The casinos – emblems of the MSAR – transformed the city completely, raised its residents’ quality of living, exponentially increased public revenues and, mainly, placed this small territory on the map of cities with the highest GDP in the world.

Contrary to predictions for 2020, the pandemic crisis that is plaguing us all has revealed, once again, a set of weaknesses in the structure of Macau’s economy that needs solving.

Too much dependence of the gaming industry, deficient local economy capacity, together with the scarcity of qualified labor for the so-called economic diversification, are just some of the examples that must be resolved.

In a time of total ambiguity for the world, Macau has the possibility to reinvent itself within the biggest political and economic project in recent years for the People’s Republic of China – The Great Bay Area.

This market of over 100 million people, along with a wider space to grow (Hengqin), is becoming a fantastic opportunity for Macau to expand and to consolidate in the regional chart, which will inevitably boost the so desired economic diversification of the territory.

Macau: New Economic Challenges will be the starting point for another Digital Talk, held by Rui Cunha Foundation and Jornal Plataforma, between 6pm and 8pm.

Speakers:

Sam Tou – Executive Director, Banco Nacional Ultramarino

Angus Cheong – PhD Founder & CEO, eRS Innovation & Insights

José Sales Marques – President of the Institute of European Studies of Macau (IEEM).

Moderator: Paulo Rego – General Director, Jornal Plataforma

This webinar is broadcasted on FRC Facebook page and Plataforma Media Facebook page.

The speeches will be delivered in English.

If you wish to participate on the Q&A, please make your registration using the Zoom Webinar link https://zoom.us/webinar/register/WN_1BIN6kdiRqKfp3npoNAW9w

Note: Only the first 100 registrations will be able to attend the Zoom Webinar, but you can still follow the event on FRC and Plataforma Media Facebook streaming.

For Macau, Further and Higher!