China mainland aims to develop Hengqin District into an “international tourism island” in its efforts to further integrate the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), according to a Xinhua report Tuesday.
Business
The novel Bank of China (BOC) Global Advanced Corporate Finance Centre concept got off the ground Tuesday, providing a financing platform for local investors participating in the Belt and Road Initiative (BRI) and Greater Bay Area (GBA) development projects.
Casinos’ gross revenue from games of chance fell by 0.4 percent year-on-year to 25.84 billion patacas (US$ 3.23 billion) last month, the Gaming Inspection and Coordination Bureau (DICJ) announced Monday.
The local airport operator has reported a profit of 532 million patacas before preferred dividends last year, a year-on-year increase of 18 percent.
The Executive Council announced yesterday that the government has drafted a bill which – if approved by lawmakers – would enable Macau to implement the Kimberley Process Certification Scheme (KPCS), which then would allow Macau to import rough diamonds.
CESL Asia aims to leverage its Macau platform advantages while embracing the Greater Bay Area (GBA) Outline Development Plan, looking for chances to better explore multilateral investment opportunities in the Portuguese-speaking Countries (PSCs), Macau and the Chinese mainland, CESL Asia President and CEO António Trindade told The Macau Post Daily in an interview at the Macau International Environmental Cooperation Forum & Exhibition (MIECF 2019) at the Venetian in Cotai Thursday .
Acting Chief Executive Sonia Chan Hoi Fan said Thursday that Macau as one of the core cities in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), apart from promoting the adequate diversification of its economy, ecological civilisation construction was the “only way” to achieve sustainable development.
Xu Yingzhen, secretary-general of the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), said Wednesday that this year, the focus of the secretariat’s work would be based on five elements, namely promoting trade and investment, promoting cooperation on production capacity, carrying out training of human resources, and supporting the development of Macau as a platform for China and Portuguese-speaking countries for economic and trade cooperation.
Local telecom operator CTM has made a profit of 941 million patacas in 2018, the company’s CEO Vandy Poon Fuk Hei said Wednesday, pointing out that this year marks an important time for 5G development as Macau’s leading telecom operator prepares to put the superfast connection into service in the middle of next year.