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Day: August 12, 2015

Macau new mortgage loans increase in June

Macau new mortgage loans increase in June

The latest statistics from the Monetary Authority of Macao indicate that new approvals of both residential mortgage loans (RMLs) and commercial real estate loans (CRELs) have increased in June. The total outstanding balance on the loans also witnessed an increase. June recorded MOP3.9 billion worth of new residential mortgage loans being approved by Macau banks, […]
Macau government to decide on scooter-only lane next year

Macau government to decide on scooter-only lane next year

The government will decide on whether to keep the scooter-only lane on Sai Van Bridge or to cancel it by early next year, Secretary for Transport and Public Works Raimundo do Rosário said on Tuesday. The policy secretary made the remark during a Q&A plenary session in the Legislative Assembly (AL). In 2012, the government […]
Macau government to introduce new food safety regulation by 2017

Macau government to introduce new food safety regulation by 2017

The government is planning to draft further regulations on food safety by 2017, according to the Civic and Municipal Affairs Bureau (IACM) president Alex Vong. “We have administrative regulations [ensuring food safety.] And by 2017, we will introduce more regulations on this matter,” he told lawmakers on Tuesday. Mr Vong also revealed that IACM is […]