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.
Business
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.
The government has granted Macau Radio Taxi Services Limited – the city’s current and only radio taxi company – a licence to operate another 200 special radio taxis, with the first 100 additional taxis slated to come into service in the fourth quarter of this year.
An almond cookie bakery, a gold jeweller, a congee shop and an ice-cream parlour are among the 12 local businesses that were given the “Macau Classic Brand” title Tuesday.
The Legislative Assembly of Macau approved a proposal for a law to regulate the creation and operation of financial leasing companies and subsidiaries for the purpose of leasing.
Macau’s composite consumer price index (CPI) rose by 2.79 percent year-on-year last month, down 0.25 percentage points from the 3.04 percent growth in January, the Statistics and Census Bureau (DSEC) said.
The Legislative Assembly (AL) Wednesday passed a government-initiated bill regulating the city’s finance leasing sector, with the aim of promoting its development.
Central People’s Government Liaison Office in Macau Director Fu Ziying said Tuesday that the central government attaches “unprecedentedly” high importance to the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) development, adding that the GBA is bringing “unprecedented historic opportunities” to Macau’s future development.
The Macau government has extended the gaming concession and sub-concession of SJM and MGM respectively by two years and three months until June 26, 2022, bringing them on par with the city’s two other gaming concessions and two sub-concessions.