Business

Government hopes Macau youngsters will set up shop in Guangdong

The government’s Youth Business Incubation Centre is talking to its counterparts in the China (Guangdong) Pilot Free Trade Zone (FTZ) about encouraging young local people to set up shop in the zone, Economic Services Bureau (DSE) Director Tai Kin Ip said on Sunday. Tai spoke to reporters on the sidelines of the closing ceremony of … Continue reading "Government hopes Macau youngsters will set up shop in Guangdong"

13 Jun, 2016

Macau should build itself into ‘data city’ says Jack Ma

Macau should make use of the Internet and big data to build itself into a data city, Jack Ma, the founder and executive chairman of e-commerce giant Alibaba Group, said at University of Macau (UM) on Monday. Ma, also known as Ma Yun, made the suggestion during a public lecture hosted by the Zhejiang Chamber … Continue reading "Macau should build itself into ‘data city’ says Jack Ma"

7 Jun, 2016

Businesspeople argue that human resource development is “fundamental” for Mozambique

Mozambique needs to develop its human resources, without forgetting the capital needed to implement projects, said Thursday in Beijing the Director-General of Mozambique’s Investment Promotion Centre. Lourenço Sambo was speaking during a session to present business opportunities in Mozambique, held in Beijing, and was part of a state visit by the President of Mozambique, Filipe Jacinto Nyusi. … Continue reading "Businesspeople argue that human resource development is “fundamental” for Mozambique"

20 May, 2016

21st Macau International Fair to invite Portugal as ‘partner country’

The Macau Trade and Investment Promotion Institute (IPIM) will invite Portugal to become the partner country at this year’s 21st Macau International Trade and Investment Fair (MIF), IPIM Executive Director Gloria Batalha Ung said on Thursday. Speaking to reporters on the sidelines of a seminar themed “Ideas from Europe, Ideas from Macau” at Macau Tower, … Continue reading "21st Macau International Fair to invite Portugal as ‘partner country’"

13 May, 2016

Macau, Hong Kong and mainland China aviation bodies sign delta deal

The civil aviation authorities of the mainland, Hong Kong and Macau signed an agreement on enhancing air traffic management co-operation in the Pearl River Delta (PRD) region on Monday, the Macau Civil Aviation Authority (AACM) said in a statement. The trilateral pact was signed in Hong Kong. Macau was represented by AACM President, Simon Chan … Continue reading "Macau, Hong Kong and mainland China aviation bodies sign delta deal"

10 May, 2016

Agencies from Brazil and Macau to further study business missions exchanges

Investment and trade promotion agencies from São Paulo in Brazil and Macau may sign an agreement to intensify the exchange of business missions, ensuring enhanced monitoring on the ground, according to a report from Portuguese-language newspaper Tribuna de Macau. The proposal was presented by the Paulista Agency for Promotion of Investments and Competitiveness (Invests São … Continue reading "Agencies from Brazil and Macau to further study business missions exchanges"

6 May, 2016

Mission to Brazil promotes Macau as a platform between China and PSC’s

Macau’s economic mission is taking part in São Paulo at the “Feira APAS 2016”, an international trade fair for the supermarket sector organised by the Paulista Association of Supermarkets, from the 2nd to the 5th of May. The delegation, organised by the Macau Trade and Investment Promotion Institute (IPIM), will meet with entrepreneurs and institutions to … Continue reading "Mission to Brazil promotes Macau as a platform between China and PSC’s"

4 May, 2016

Macau and Guangdong explore cross-border ecommerce platform

In recent years, China’s e-commerce and online payment markets are getting mature and popular. Smartphone payments tools like Alipay and Wechat are now inseparable from public life. Yet, these markets are still at the beginning stage in Macau. An e-commerce expert from Guangdong suggested the two places to build together an online payment platform, or … Continue reading "Macau and Guangdong explore cross-border ecommerce platform"

17 Apr, 2016

Macau telecom operator makes 1.1 billion patacas profit last year

Local telecom operator CTM made 1.154 billion patacas in profit last year from its mobile, Internet and business solutions services, said the company’s CEO Vandy Poon Fuk Hei . Last year’s profit was up 3.8 percent from the 1.112 billion patacas profit in 2014. According to Poon, with the support of major shareholder CITIC Telecom … Continue reading "Macau telecom operator makes 1.1 billion patacas profit last year"

23 Mar, 2016

Macau airport to stay more convenient than Hong Kong

The chairman of the executive committee of the Macau International Airport Company Ltd. (CAM), Dr Deng Jun, led a delegation to pay a visit to the Civil Aviation Authority of Macau (AACM), where they discussed with Simon Chan, president of AACM, how to enhance cooperation between the two organizations. According to a press statement from … Continue reading "Macau airport to stay more convenient than Hong Kong"

25 Feb, 2016

Catholic university in Macau expects to move to new campus next term

University of Saint Joseph (USJ) Rector Peter Stilwell said on Monday that the university’s new campus in Ilha Verde was expected to become operational in the first term of the 2016/2017 academic year if the construction goes smoothly. Stilwell made the remarks after a signing ceremony of a co-operation agreement between the university, which is … Continue reading "Catholic university in Macau expects to move to new campus next term"

16 Feb, 2016

186 pets adopted from ANIMA Macau in 2015

A total of 186 dogs and cats from the Macau Society for the Protection of Animals’ (ANIMA) shelter in Coloane were adopted last year, a number similar to that of 2014, Kiko Ieong Im Fai, an administrative staff member of the group, said on Sunday. Speaking to reporters at the society’s animal adoption booth near … Continue reading "186 pets adopted from ANIMA Macau in 2015"

15 Feb, 2016

Police bust 21 drivers in Macau for illegal passenger services

The Public Security Police (PSP) said in a statement that during the Chinese New Year (CNY) period from February 6 to Saturday their officers busted 21 drivers for providing passenger transport services without a taxi licence. Among the 21 cases, two were found to have used an app to find their clients. The statement did … Continue reading "Police bust 21 drivers in Macau for illegal passenger services"

15 Feb, 2016

Trade between Macau and Zhongshan increases by 13.9 percent in 2015

Trade between Macau and the city of Zhongshan in 2015 increased 13.9 percent over the previous year and reached US$230 million, the Macau Trade and Investment Promotion Institute (IPIM) said Monday. The announcement was made after a meeting in Macau between a delegation from Zhongshan headed by the vice president of the Chinese municipality Yang … Continue reading "Trade between Macau and Zhongshan increases by 13.9 percent in 2015"

3 Feb, 2016

Macau to host first CEFCO outside mainland

Macau’s various industries, such as tourism, catering and logistics, will benefit from the 13th China Expo Forum for International Co-operation (CEFCO 2017) slated to be hosted in the city next year, the Macau Trade and Investment Promotion Institute (IPIM) said in a statement. During the annual forum’s opening ceremony earlier this month in Yinchuan, capital … Continue reading "Macau to host first CEFCO outside mainland"

25 Jan, 2016

Macau and Taiwan sign airline double taxation deal

The local and Taiwan governments signed an agreement on Thursday to grant airline companies from either region a reciprocal tax exemption. Representatives from the two regions signed the double taxation avoidance agreement at the Macau Art Museum (MAM) in Nape. Speaking to reporters after the signing ceremony, Mainland Affairs Council (MAC) Department of Hong Kong … Continue reading "Macau and Taiwan sign airline double taxation deal"

11 Dec, 2015

Macau Trade and Investment Promotion Institute to take over MICE support

Macau Trade and Investment Promotion Institute (IPIM) Acting President Irene Lau Kuan Va said on Tuesday that her institute will be taking over the support for the city’s MICE sector from the Macau Economic Bureau (DSE) in November. Lau said the government hoped to make its support for the MICE sector more efficient through the … Continue reading "Macau Trade and Investment Promotion Institute to take over MICE support"

30 Sep, 2015

Macau customs nab duo smuggling bogus goods

Macau Customs Service officers have busted a 53-year-old logistics company owner, surnamed Lai, and a 56-year-old driver, surnamed Kou, on suspicion of smuggling bogus goods into the city from the mainland before sending them on to a third destination. Both male suspects are local residents, according to the Customs Service. Customs Service spokesperson Ian Chan … Continue reading "Macau customs nab duo smuggling bogus goods"

9 Sep, 2015

TCM Park expects its 3 service buildings to open in 2017

The locally incorporated Guangdong-Macau Traditional Chinese Medicine Technology Industrial Park Development Company, which is tasked with developing the Traditional Chinese Medicine Science and Technology Industrial Park on Hengqin Island, said in a statement on Tuesday that the park’s three service buildings would be ready in the first half of 2017. The company funded by the … Continue reading "TCM Park expects its 3 service buildings to open in 2017"

9 Sep, 2015

Macau University opens four new student-run stores

Four new student-run stores have opened on the University of Macau’s (UM) campus. According to a press release, UM launched these shops in order to give students an opportunity to learn how to run a business and to provide more choices and convenience for people on campus. Student founders have said that running a store … Continue reading "Macau University opens four new student-run stores"

8 Sep, 2015