Menu
Subscribe
Menu
Subscribe
Menu

News

Macau police seize 9.3 kilos of cocaine worth 25 million patacas

Macau police seize 9.3 kilos of cocaine worth 25 million patacas

The police seized 9.3 kilogrammes of cocaine worth about 25 million patacas and arrested three suspects Sunday, Judiciary Police (PJ) spokesman Vong Chi Hong said. Speaking to reporters after the arrests outside a guesthouse in Praça de Ponte e Horta, Vong, who heads the PJ’s criminal investigation division, said the police recently received a tip-off […]
Xi meets Chui, stressing Macau’s prosperity, stability

Xi meets Chui, stressing Macau’s prosperity, stability

President Xi Jinping said last week the central government continued to attach great importance to Macau’s prosperity and stability, urging the Macau Special Administrative Region (MSAR) to grasp opportunities of development and promote “appropriate diversification” of its economy. According to Xinhua, the president made the remarks while meeting with Chief Executive Fernando Chui Sai On […]
Macau Government to watch local market after US rate hike

Macau Government to watch local market after US rate hike

Secretary for Economy and Finance Lionel Leong Vai Tac said on Thursday that the government would keep a close eye on the local mortgage market and banking sector after the US Fed’s rate hike in Washington, DC, on Wednesday. Leong made the remarks after a closed-door meeting with the legislature’s 3rd Standing Committee about the […]
Macau government expects tax hike to lower vehicle growth rate

Macau government expects tax hike to lower vehicle growth rate

Responding to lawmakers’ doubts on the expected impact of new motor vehicle tax rates on lowering the city’s annual growth rate in motor vehicles, Transport Bureau (DSAT) Director Lam Hin San said he believed that once the new tax rates are in place the annual growth rate will drop by about 1 percentage point from […]
Macau jurisdiction of coastal water starts on Sunday

Macau jurisdiction of coastal water starts on Sunday

Macau’s coastal waters covering an area of 85 square kilometres and part of the Duck Channel will finally under the city’s jurisdiction from Sunday, the 16th anniversary of the Macau Special Administrative Region (MSAR), the State Council in Beijing decided on Wednesday. “The government of the Macau Special Administrative Region expresses its sincere gratitude to […]
Macau Government proposes longer sentences for drug crimes

Macau Government proposes longer sentences for drug crimes

Executive Council spokesman Leong Heng Teng said the government was proposing to increase the minimum sentence for the selling of drugs, and both the minimum and maximum sentence for drug-taking. Leong said the Executive Council had completed discussing a bill proposing a number of changes to the current anti-drug law, based on suggestions from the […]
Leong urges society to join Macau government in ‘fighting prolonged war’

Leong urges society to join Macau government in ‘fighting prolonged war’

Secretary for Economy and Finance Lionel Leong Vai Tac urged all sectors of civil society to put in an effort along with the government to face the city’s economic transition in a positive way and with an attitude as if “fighting a prolonged war”. Leong made the remarks during an unannounced meeting with representatives from […]
Macau Trade and Investment Promotion Institute to open offices in Lisbon & Sao Paulo in Q2 or Q3

Macau Trade and Investment Promotion Institute to open offices in Lisbon & Sao Paulo in Q2 or Q3

Macau Trade and Investment Promotion Institute (IPIM) Executive Director Gloria Batalha Ung said that in order to provide better assistance to local enterprises, small- and medium-sized enterprises (SMEs) in particular, to develop their business ties with the Portuguese-speaking countries, the institute planned to set up representative offices in Lisbon and Sao Paulo. Ung also said […]
Macau’s economy to resume growth in 2017

Macau’s economy to resume growth in 2017

Macau’s economy will resume growth in 2017, at a rate of 4.6 percent, after ending 2015 with a contraction of 23.0 percent and continuing in negative territory in 2016, with -2.7 percent, according with the most recent forecasts from the Economist Intelligence Unit (EIU). Gross fixed capital formation, or investment, which in 2014 recorded exceptional […]
«‹ 1269 1270 1271 1272›»