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.
Staff Reporter
The news desk at Macao News works diligently to bring you all the latest happenings as quickly as possible. Staff reporter duties are shared by Kenny Fong, Amanda Saxton, Sara Santos Silva and Erico Dias, working under the direction of managing editor Aidyn Fitzpatrick.
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.
The Portuguese Secretary of State for Tax Affairs, António Mendonça Mendes, the representative of the Portuguese government for the ceremonies of June 10 praised the government of Macau for the opportunity given to Portuguese nationals to live and work in the region.
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).
Secretary for Transport and Public Works Raimundo do Rosario said on Thursday that the local government should sign a reciprocal driving-licence recognition deal with the mainland as “Macau is a part of China”.
Chief Executive Fernando Chui Sai On said Wednesday that the local government will continue to support the building of “Belt and Road Initiative” (BRI), adding that in building the BRI, the central government had given Macau enormous support, and it was also Macau's responsibility to contribute.
The Cultural Affairs Bureau (IC) has not yet made a final decision on the Lai Chi Vun shipyards’ classification, IC Director Mok Ian Ian said Wednesday.
Sociedade de Jogos de Macau (SJM) Wednesday opened its Macau Gaming History Gallery.
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.
The Meteorological and Geophysical Bureau (SMG) said in a statement Tuesday evening that it would possibly hoist the No. 3 storm warning signal during the day today.
The locally registered Polytex Import and Export Co. Ltd. will demand from the government at least 60 billion patacas in compensation if the government fails to grant the land concession of the mothballed Pearl Horizon mixed-used property project to company again, the Portuguese-language newspaper Hoje Macau reported.
The government will launch a two-month public consultation late this month on the drafting of a bill amending the current Road Traffic Law, with the aim of combating traffic offences more effectively and thereby improving the city’s road safety.