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Macau government proposes to kick out ‘rich’ from social housing

Macau government proposes to kick out ‘rich’ from social housing

The Housing Bureau (IH) announced on Monday its proposed amendments to the Social Housing Law by defining ‘rich’ households, which would have to return their flats after four years. IH Director Ieong Kam Wa, Vice Director Kuoc Vai Han and Chan Wa Keong, who heads the bureau’s public housing department, jointly hosted a press conference […]
Macau cash handout centre starts operating today

Macau cash handout centre starts operating today

To assist in the implementation of the government’s annual “wealth-sharing” cash handout scheme, a support centre at China Plaza in Avenida da Praia Grande will start operating today, the Finance Services Bureau (DSF) said in a statement on Sunday. The payout started last week. The handout is the same as last year’s – 9,000 patacas […]
Macau government to consult public on budget framework bill next week

Macau government to consult public on budget framework bill next week

Newly appointed Finance Services Bureau (DSF) Director Stephen Iong Kong Leong said on Thursday that the government would start consulting the public on Tuesday about the government’s budget framework bill. Speaking to reporters after his swearing-in ceremony, Iong said the consultation period would last for 45 days, adding that a public presentation about the bill […]
Home prices down 30 pct, no sign of growth in second quarter

Home prices down 30 pct, no sign of growth in second quarter

Housing prices have dropped 30 percent from their peak and there is no sign of growth in the number of transactions, supply or price during the second half of this year, Ricacorp Macau Managing Director Jane Liu Zee Ka said on Wednesday. Liu made the remarks during a press conference at the Emperor Hotel in […]
Macau government to publish LRT consultation results this month

Macau government to publish LRT consultation results this month

Transportation Infrastructure Office (GIT) Director Ho Cheong Kei said on Wednesday the government planned to release this month the results of its public consultation about the routs of the light rail transit (LRT) system in the city’s northern districts. Ho made the announcement on the sidelines of a ceremony where he was sworn in as […]
Macau government stands firm on full casino smoking ban

Macau government stands firm on full casino smoking ban

Executive Council spokesman Leong Heng Teng said on Tuesday that the government had decided to further tighten its tobacco control measures, including the prohibition of the sale of e-cigarettes and a blanket ban on smoking in casinos. Leong made the announcement during a press conference at Government Headquarters. Leong said the Executive Council had completed […]
Macau jobless rate rises to 1.8 pct

Macau jobless rate rises to 1.8 pct

Macau’s estimated jobless rate rose by 0.1 percentage point to 1.8 percent in March-May from the February-April survey period, the Statistics and Census Bureau (DSEC) announced on Monday. Year-on-year, the rate also increased by 0.1 percentage point. The city’s total labour force stood at 405,700 and the labour force participation rate amounted to 74 percent […]
Macau exports and imports fall in May

Macau exports and imports fall in May

Macau’s exports and imports fell in May, the Statistics and Census Bureau (DSEC) said on Monday. Exports fell 5.9 percent year-on-year to just 874 million patacas. Re-exports accounted for 82.2 percent of all exports. Both Re-exports and domestic exports were down. Imports dropped 4.3 percent to 6.9 billion patacas, resulting in a trade balance deficit […]
162,000 people to live on 5 land reclamation sites

162,000 people to live on 5 land reclamation sites

A sand supply shortage has held up the reclamation works for the region’s new Zone A, which is unlikely to meet its mid- November deadline, confirmed the Secretary for Transport and Public Works, Raimundo do Rosário. This was revealed after an introductory meeting for the urban planning committee before the third and final public consultation […]
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