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
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
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
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
A scheme named “Macau Classic Brand” opened for applications Monday, aiming to recognise local brands with Macau characteristics.
17 Jul, 2018
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
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
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
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
Macau’s composite consumer price index rose 2.97 percent year on year last month.
22 Jun, 2018
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
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
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
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
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
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
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
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 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
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