The Commission Against Corruption (CCAC) said in a statement on Thursday that it has detected three cases involving the use of false documents to apply for residency through the government’s qualified investment scheme.
Business
The 25th Macao International Trade and Investment Fair (MIF), Macao Franchise Expo 2020 (MFE) and 2020 Portuguese Speaking Countries Products and Services Exhibition (Macao) (PLPEX), which are running concurrently, started on Thursday, and 52 contracts were signed on the first day.
Macao’s composite consumer price index (CPI) in September dropped by 0.40% year-on-year, the first decrease since December 2009.
The 25th MIF, MFE 2020 and 2020 PLPEX will have their first concurrent event tomorrow at the Venetian Expo Hall A-C.
Secretary for Transport and Public Works Raimundo do Rosário said on Wednesday that a three-year period will be a suitable length of time for the local government’s extension of Air Macau’s monopoly, which was originally slated to expire early next month, adding that Macao’s civil aviation sector is going through a “very difficult” time due to the COVID-19 pandemic.
Macao flag carrier Air Macau has been granted a three-year conditional extension of its exclusive concession by the local government.
Xi Jinping has asked Shenzhen to take active moves to further promote the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, calling for efforts to synergise economic rules and mechanisms in the three regions.
The Macao government extended Air Macau’s public concession service for three more years from 9 November, according to the Official Gazette (BO) today.
Property developer Polytex has withdrawn its appeal to claim MOP 25 billion in compensation from the government for the latter’s decision to axe its ill-fated Pearl Horizon project, the Court of Final Appeal (TUI) has announced.