Menu
Subscribe
Menu
Subscribe
Menu

Day: June 25, 2015

Macau’s GDP expected to contract 24 pct in 2015, EIU says

Macau’s GDP expected to contract 24 pct in 2015, EIU says

The Economist Intelligent Unit (EIU) has significantly increased its economic contraction forecast for the Macau economy this year to 24.0 percent, according to a report produced on 17 June. In the previous report, produced five days before, on 12 June, for this year the EIU outlined a contraction of just 6.0 percent. The EIU also […]
Leong hopes to strike Macau-Guangdong investment deal today

Leong hopes to strike Macau-Guangdong investment deal today

Secretary for Economy of Finance Lionel Leong Vai Tac said on Thursday he hoped that through today’s meeting with Guangdong officials the two sides could reach an agreement on the framework for the local government’s plan to invest part of its huge reserves via the Guangdong government. Leong is accompanying Chief Executive Fernando Chui Sai […]
Macau government suggests toughening drug penalties

Macau government suggests toughening drug penalties

A group comprising various government bureaus working on the revision of the city’s anti-drug law suggests raising the penalties for drug offences, with the minimum prison sentence for drug trafficking to be raised from three to five years, Social Affairs Bureau (IAS) President Iong Kong Io said on Thursday. The current law dates back to […]