Appointed as the fifth Secretary for Economy and Finance on Dec. 1, 2019, replacing Lionel Leung Vai Tac. Lei was born in Fujian in 1969 and is a career public servant.
Macau’s incoming Secretary for Economy and Finance Lei Wai Nong said the government will provide more detail on the re-tender process for the six casino concessionaires in April, 2020 and stressed the priority will be on the interests of the local people.
Macau’s new Secretary for Economy and Finance, Lei Wai Nong, on Friday said the government was cautiously optimistic about Macau’s economic prospects, noting a number of new casinos to open in the near future. Speaking to reporters, Mr. Lei said that 2019 saw its fifth-highest annual revenue from the casino gaming sector in nearly 20 […]
Macau’s Secretary for Economy and Finance, Lei Wai Nong said the government has no intention of giving out any gaming tax breaks to casinos, despite the impact of the coronavirus outbreak on the industry. Lei said that any tax breaks for the casino industry would involve reviewing Macau’s gaming law. “In accordance with the current […]
Macau Secretary for Economy and Finance Lei Wai Nong revealed some of the specific measures included in the territory’s MOP10 billion (US$1.3 billion) Covid-19 economic relief fund for businesses and individuals. Under the scheme, eligible taxpayers will be entitled to a monthly grant of MOP5,000 for a period of three months, or MOP15,000 in total. […]