Economy

Chui to attend 1st GBA leading group meeting in Beijing

Chief Executive Fernando Chui Sai On will attend the first meeting of the Leading Group for the Development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) in Beijing Wednesday.

14 Aug, 2018

Govt says won’t obey top court’s LRT depot tender ruling

The government said Wednesday it will not obey a ruling by the city’s top court according to which it would need to reassess the rival quotations submitted by seven bidders in a public tender for the construction of the depot of the Light Rail Transit (LRT) system.

9 Aug, 2018

Credit cards rise 10 pct to 1.2 million in June  

The number of personal credit cards issued by local banks rose 10.4 percent year on year and 2.2 percent quarter on quarter to 1.24 million at the end of June, the Macau Monetary Authority (AMCM) said.

8 Aug, 2018

Macau Government plans to explore and promote the development of maritime industries

The Macau government intends to explore new hubs to sustain economic growth and promote the development of emerging maritime industries, which will give the territory and the “One Centre, One Platform,” concept a new dynamic, said the Chief Executive.

6 Aug, 2018

Govt ‘unable’ to recover 212 million patacas Viva Macau loan

The Economic Services Bureau (DSE) said in a statement Sunday that it was unable to recover a 212 million patacas (US$ 26,424 million) loan granted to locally incorporated airline Viva Macau in 2008-09 and the latter’s Hong Kong-registered Eagle Airways as guarantor.

23 Jul, 2018

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