Macau’s last Portuguese governor Vasco Rocha Vieira has told Xinhua that political stability is vital for Hong Kong’s development, as well as its well-being. The “Occupy Central” movement has undermined the prosperity and stability of Hong Kong and seriously damaged people’s interests, Rocha Vieira said in an interview with Xinhua last week. Rocha Vieira expressed […]
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The government is planning to abolish bearer shares issued by public limited companies (known as sociedades anónimas, or SA, in Portuguese), so as to be in line with the requirements of the Global Forum on Transparency and Exchange of Information for Tax Purposes, as part of its efforts to crack down on money laundering and […]
Chief Executive (CE) Fernando Chui Sai On said Wednesday that if – as generally expected – the government will again enjoy a budget surplus, its wealth-sharing programme – popularly known as cash handout – will continue next year since he wants to “share the fruits of economic growth” with the city’s residents. Chui also said […]
Macau’s gold jewellery imports fell 29 percent year-on-year to 723 million patacas in August, the Statistics and Census Bureau (DSEC) announced Tuesday. However, the import of watches – another item popular with mainland tourists – rose 30 percent to 720 million patacas. Mobile phone imports dropped 21 percent to 311 million patacas. The import of […]
The Macau Customs Service has busted a trading company which sold parallel imports to 47 branches of three local supermarkets. A customs spokesperson told a press conference yesterday that officers were tipped off a few months ago that the company had arranged for a group of people to bring the goods across the border from […]
The Commission Against Corruption (CCAC) announced Thursday that acting on a tip-off it discovered a case of subsidy fraud amounting to about 1.04 million patacas. According to a CCAC statement, the case was transferred to the Public Prosecution Office (MP) yesterday. While the CCAC has the power to investigate and detain suspects, it does not […]
Hong Kong-Zhuhai-Macau Bridge Authority Executive Director Wei Dongqing said Wednesday that construction of the cross-delta bridge was proceeding as scheduled and expected to open to traffic at the end of 2016 as originally planned. Wei also said the authority had set up a working group to study how much to charge at the tolls and […]
Chief Executive Fernando Chui Sai On said Tuesday he was “very optimistic” that the issue of longer opening hours for the Macau-Zhuhai border checkpoints will be resolved soon, adding he hopes that the opening hours of the Barrier Gate and Hengqin checkpoints will be the first to be extended still during his outgoing first term. […]
Macau’s composite consumer price index (CPI) rose 6.07 percent year-on-year last month, namely due to higher housing rents and the rising cost of eating out, the Statistics and Census Bureau (DSEC) said on Monday. According to a DSEC statement, last month saw notable increases in the price indices of housing and fuels (+12.0-4 percent), and […]