The Chief Executive, Mr Edmund Ho Hau Wah, said today Macao's current economic environment has provided many unprecedented and excellent business opportunities. The policies of the government had taken into account changing market forces and the degree of prosperity is associated with the endurance of the society, he said. Speaking at a spring reception hosted by a local chamber of commerce, Mr Ho said the trend for development had combined with planning and, meanwhile, regional co-operation and internal development had co-ordinated well. The four factors he outlined above formed a new keystone for Macao to achieve sustainable development, he said. Mr Ho said after years of restructuring and recovery, the economy of Macao had turned a new page last year, and was the beginning of a very promising period. ''We should prepare well to get ready for the upcoming challenges,'' he said. The opening of the market had intensified competition and stimulated innovation. Facing a new phase for development, Mr Ho said, the government would endeavour to continue to provide a friendly environment for businesses.
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