Macau government hands out US$275m in vouchers to residents to stimulate the economy amidst virus fears

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14th February 2020 – (Macau) The economy of China has been hit by the novel coronavirus outbreak and many cities have shut down. Workers are stranded at home and in Macau, the government has handed out US$275 million in vouchers to help stimulate the economy. Residents are given a US$374 electronic voucher (valid for 3 months) each (each worth 3,000 Macau patacas (HK$2,913)) to spend and another $75 voucher is also given to every Permanent Resident of Macau.

Tourism to Macau had dropped 73.6% year-on-year, the local government announced on 29th January. All 41 entertainment outlets including casinos, betting branches, theatres, cinemas, game centres, internet cafes, discos, bars, nightclubs and dance halls were shut down for 15 days since 4th February.

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