University of Macau is helping China become less reliant on foreign technology. Their latest project is a microchip that will allow smartphones to recharge batteries in other gadgets.
Business
Secretary for Economy and Finance Lionel Leong Vai Tac said Thursday there was no possibility “at this moment” of allowing the embattled Macau (Yat Yuen) Canidrome Co. Ltd. the operator of the city’s greyhound racetrack, to use the Fai Chi Kei property for an additional period of time, for the company to finally vacate the plot of land late next month.
Gaming operator Melco Resorts & Entertainment will officially open the doors of its US$1.1 billion Morpheus hotel resort, Phase 3 of City of Dreams, today evening.
The Macau government announced Wednesday that Macau permanent residents who are gainfully employed or running a company in Hong Kong can apply for a permit to drive their cars into the neighbouring city via the Hong-Kong-Zhuhai-Macau (HKZM) Bridge
The quota attributed to Macau that will allow the circulation of 600 local vehicles over the Hong Kong- Zhuhai-Macau (HKZM) Bridge has been priced at MOP30,000 ( US 3,750) , according to a dispatch published in the Official Gazette.
The Macau government said Monday that it will get a guaranteed 3.5 percent rate of return annually from the recently-established 20.01-billion-yuan Guangdong-Macau Cooperation Development Fund during its 12 year duration, regardless of any losses incurred in investment projects in the neighbouring province.
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.
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.
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).