Economy

Eco enzyme made from kitchen waste can save planet: group

A local group launched a series of events Sundsy promoting the idea that eco enzyme made from kitchen waste can save the planet.

27 May, 2019

Moody’s keeps ‘stable outlook’ for Macau

US credit rating agency Moody’s Investors Service affirmed on Wednesday Macau’s local and foreign currency issuer rating at Aa3 and maintained the special administrative region’s “stable outlook”.

23 May, 2019

Macau land area grows by over 1/3 since 1999

The total land area the Macau Special Administrative Region (MSAR) reached 32.9 square kilometres at the end of last year, an increase of 38.2 percent from the end of 1999, when the MSAR was established and its land area stood at 23.8 sq. km.

25 Apr, 2019

More but smaller households: survey

There are more but smaller households compared to five years ago, according to the findings of a survey announced by the Statistics and Census Bureau (DSEC) on Friday.

15 Apr, 2019

Macau Government defines external economic and trade cooperation in three geographic areas

The Macau government will strengthen economic and trade cooperation with the outside world, notably Latin America through Brazil, the European Union through Portugal and Africa through Angola and Mozambique, the Secretary for Economy and Finance said in Beijing.

12 Apr, 2019

IMF projects Macau’s economy will contract slightly to 4.3% by 2019

Macau’s economy is expected to see a growth of 4.3% this year, down by 40 basis points from 4.7% in 2018, according to the latest economic forecasts from the International Monetary Fund (IMF).

12 Apr, 2019

Leong Vai Tac discusses Macau’s role as a financial platform, in Beijing

he Macau government is working to publicise the currency of China and the services provided by local banks in Portuguese-speaking countries, the secretary for Economy and Finance said on Wednesday in Beijing.

12 Apr, 2019

WTO approves China’s Hong Kong-Macau CEPA agreement

The World Trade Organization (WTO) has recently examined and approved the China's Hong Kong-Macao Closer Economic Partnership Arrangement (CEPA) to ensure that the agreement is in lines with the WTO rules, the government of the Macau said in a press release on Wednesday.

4 Apr, 2019

State Council declares Hengqin ‘international tourism island’

China  mainland aims to develop Hengqin District into an “international tourism island” in its efforts to further integrate the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), according to a Xinhua report Tuesday.

3 Apr, 2019

BOC opens virtual centre for GBA and BRI projects

The novel Bank of China (BOC) Global Advanced Corporate Finance Centre concept got off the ground Tuesday, providing a financing platform for local investors participating in the Belt and Road Initiative (BRI) and Greater Bay Area (GBA) development projects.

3 Apr, 2019

Government proposes bill on trade in rough diamonds

The Executive Council announced yesterday that the government has drafted a bill which – if approved by lawmakers – would enable Macau to implement the Kimberley Process Certification Scheme (KPCS), which then would allow Macau to import rough diamonds.

29 Mar, 2019

Eco-fair focuses on building ecological civilisation

Acting Chief Executive Sonia Chan Hoi Fan said Thursday that Macau as one of the core cities in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), apart from promoting the adequate diversification of its economy, ecological civilisation construction was the “only way” to achieve sustainable development.

29 Mar, 2019

Permanent Secretariat of Macau Forum vows to implement its work via 5 elements

Xu Yingzhen, secretary-general of the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), said Wednesday that this year, the focus of the secretariat’s work would be based on five elements, namely promoting trade and investment, promoting cooperation on production capacity, carrying out training of human resources, and supporting the development of Macau as a platform for China and Portuguese-speaking countries for economic and trade cooperation.

28 Mar, 2019

Leasing companies governed by new legislation in Macau

The Legislative Assembly of Macau approved a proposal for a law to regulate the creation and operation of financial leasing companies and subsidiaries for the purpose of leasing.

22 Mar, 2019

Inflation rate hits 2.79 pct last month

Macau’s composite consumer price index (CPI) rose by 2.79 percent year-on-year last month, down 0.25 percentage points from the 3.04 percent growth in January, the Statistics and Census Bureau (DSEC) said.

22 Mar, 2019

Lawmakers pass 2 finance leasing bills to boost sector’s development

The Legislative Assembly (AL) Wednesday passed a government-initiated bill regulating the city’s finance leasing sector, with the aim of promoting its development.

21 Mar, 2019

Liaison chief urges Macau to grab ‘historic GBA opportunity’

Central People’s Government Liaison Office in Macau Director Fu Ziying said Tuesday that the central government attaches “unprecedentedly” high importance to the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) development, adding that the GBA is bringing “unprecedented historic opportunities” to Macau’s future development.

20 Mar, 2019

Fourth Macau-Taipa bridge to be completed in 2025 Macau’s

The fourth bridge, connecting the peninsula to the island of Taipa, is expected to be completed by the end of 2025, according to the schedule of the tender launched by the Macau Government in 2018

10 Mar, 2019

Macau’s cross-border vehicle traffic grows by 8.5 pct in January

The cross-border vehicle traffic of Macau grew by 8.5 percent year-on-year to 457,090 trips in January, while commercial flights in airport rose by 14.2 percent to 5,750 trips.

5 Mar, 2019

Chui vows utmost effort to achieve GBA goals

Macau is making the utmost effort to give full play to its unique advantages by cooperating with the other 10 cities in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).

4 Mar, 2019