Economy

Govt surplus reaches 30 billion patacas in June  

The government’s current budget surplus reached 30.52 billion patacas at the end of June, a year-on-year increase of 50.8 percent, the Finance Services Bureau (DSF) announced Thursday.

20 Jul, 2018

Helping young people get on property ladder is next step: JLL  

With a stable economy, housing prices would have a stable rise of within 10 percent for the whole year, which is “very healthy” and the next step for the government is to help young couples get on the property ladder as a way to solve the under supply problem, as forecast by the local branch of US-based real estate consultancy firm Jones Lang LaSalle (JLL).

19 Jul, 2018

Light Rail Transit budget rises to US$ 2 billion: lawmaker

The government’s latest overall budget for the Light Rail Transit (LRT) project amounts to 16.4 billion patacas ( US$ 2.05 billion) – but not including the still unscheduled LRT peninsula section, Mak Soi Kun, who heads the legislature’s Follow-up Committee for Public Finance Affairs, quoted government officials as saying.

18 Jul, 2018

Govt launches ‘Macau Classic Brand’ scheme

A scheme named “Macau Classic Brand” opened for applications Monday, aiming to recognise local brands with Macau characteristics.  

17 Jul, 2018

6th Macau Ministerial Forum meeting postponed to 2020

The sixth ministerial meeting of Forum Macau, which had been scheduled for 2019, will be delayed until 2020, according to diplomatic sources linked to the institution.

16 Jul, 2018

Lawmakers pass coastal waters framework bill  

The Legislative Assembly (AL) passed a government-drafted bill on the management of Macau’s coastal waters, slated to come into effect after its promulgation in the Official Gazette (BO), during a plenary session Thursday.  

13 Jul, 2018

Legislature passes bill banning off-duty gaming staff from casinos

A plenary session of the Legislative Assembly (AL) passed the outline of a government-initiated bill proposing a ban on off-duty gaming staff entering local casinos.

13 Jul, 2018

Portuguese-speaking countries should use Macau as a platform for Guangdong-Hong Kong-Macau Greater Bay

The role of Macau as a platform between China and Portuguese-speaking countries under the Hong Kong-Hong Kong Greater Bay Area (GBA) initiative was championed by Chief Executive Chui Sai On at the end of a tour of the nine cities of the GBA.

12 Jul, 2018

Inflation accelerates to 2.97% in May

Macau’s composite consumer price index rose 2.97 percent year on year last month.

22 Jun, 2018

HK- Macau bus fee to range between HKD 170 and HKD 220  

One Bus Hong Kong Macau Limited’s Chairman Teddy Chung disclosed that tickets for cross-border bus services between Hong Kong and Macau, over the Hong Kong-Zhuhai-Macau Bridge (HKZMB), will have a price tag ranging from HKD170 up to HKD220.

21 Jun, 2018

Taipa and Coloane underground gas pipes ready this year: Nam Kwong   

Nam Kwong Natural Gas Company Limited expects to finish the laying of underground natural gas pipes in Taipa and Coloane this year, and provide natural gas to all users in the area, the company’s Deputy General Manager and Chief Operating Officer Zhong Jianxin said Wednesday.

21 Jun, 2018

Macau could set up two more state-level laboratories this year

University of Macau is helping China become less reliant on foreign technology. Their latest project is a microchip that will allow smartphones to recharge batteries in other gadgets.

17 Jun, 2018

Macau people working in HK can apply for delta bridge car permit

The Macau government announced Wednesday that Macau permanent residents who are gainfully employed or running a company in Hong Kong can apply for a permit to drive their cars into the neighbouring city via the Hong-Kong-Zhuhai-Macau (HKZM) Bridge

14 Jun, 2018

Circulation fee to drive on new bridge priced at MOP 30,000

The quota attributed to Macau that will allow the circulation of 600 local vehicles over the Hong Kong- Zhuhai-Macau (HKZM) Bridge has been priced at MOP30,000 ( US 3,750) , according to a dispatch published in the Official Gazette.

12 Jun, 2018

Guangdong-Macau fund to have guaranteed return of 3.5 pct: govt

The Macau government said  Monday  that it will get a guaranteed 3.5 percent rate of return annually from the recently-established 20.01-billion-yuan Guangdong-Macau Cooperation Development Fund during its 12 year duration, regardless of any losses incurred in investment projects in the neighbouring province.

12 Jun, 2018

EIU expects Macau’s economic growth to slow in 2019

Macau’s economic growth is expected to slow by more than three percentage points this year from 9.1% in 2017 to 5.8%, before dropping back to 3.9% in 2019, according to forecasts ofrom the Economist Intelligence Unit (EIU) in its latest report on the territory.

12 Jun, 2018

New natural gas power plant in Ka Ho to be operational in 2021

Energy Sector Development Office Director Hoi Chi Leong said that the government aims for another natural gas power plant in local power utility CEM’s power station at Ka Ho in Coloane island to come into operation in 2021.

11 Jun, 2018

Macau wants to be an international diamond trading centre

Macau intends to set up an international trading centre for diamonds and rough gems, taking advantage, among other things, of the network of the Shanghai Diamond Exchange and the precious stones available in Portuguese-speaking countries, according to a statement from the Macau Trade and Investment Promotion Institute (IPIM).

8 Jun, 2018

Moody’s issues Macau with strong “Aa3 stable” rating

Credit ratings agency Moody’s Investors Service has issued Macau with a strong “Aa3 stable” rating, citing the absence of government debt and fiscal surpluses as factors supporting the build-up of large fiscal reserves.

6 Jun, 2018

Macau, Zhuhai vow to promote GBA development: Leong

Secretary for Economy and Finance Lionel Leong Vai Tac said Thursday that Macau will further strengthen its partnership with Zhuhai to jointly strengthen the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).

1 Jun, 2018