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Day: July 15, 2015

Macau residential and commercial mortgage loans decline

Macau residential and commercial mortgage loans decline

New approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) declined in May 2015, according to statistics released by the Monetary Authority of Macau on Monday. In May 2015, new RMLs approved by Macau banks decreased 14.5% month-to-month to MOP 3.7 billion; of which, 96.3% was extended to residents. In terms of […]
Macau monthly car park passes won’t be terminated

Macau monthly car park passes won’t be terminated

The government won’t allow the monthly rental of parking spaces in new car parks but drivers who currently rent spaces won’t have their monthly passes cancelled and will still be able to rent them. This is what Secretary for Transport and Public Works Raimundo do Rosario said during a plenary session in the legislature on […]
Macau lawmakers cannot change tobacco control amendment bill

Macau lawmakers cannot change tobacco control amendment bill

Legislator-cum-unionist Jose Pereira Coutinho said on Tuesday that the legislature’s s 2nd Standing Committee could not alter the government’s tobacco control amendment bill. Coutinho was attending a Q&A session in the legislature when he made the remark. The outline of the government-drafted tobacco control and prevention amendment bill was passed on Friday. The bill proposes […]