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Macau handbag imports fall 26 percent in Jan-Feb

Macau handbag imports fall 26 percent in Jan-Feb

Macau’s imports of handbags and wallets, which are particularly popular with visitors from the mainland, dropped 26.5 percent year-on-year to 526 million patacas in the first two months of the year, the Statistics and Census Bureau (DSEC) has announced. Gold jewellery imports decreased 30.9 percent to 1.4 billion patacas in January and February. Watch imports […]
Macau’s LRT depot contractors face fine of at least 10 million patacas

Macau’s LRT depot contractors face fine of at least 10 million patacas

The Transportation Infrastructure Office (GIT) says in a statement released by a lawmaker on Tuesday that it has already started administrative procedures to fine the two contractors responsible for massive delays in the construction of the light rail transit (LRT) system’s depot and its superstructure in Cotai. According to the statement, the penalty will amount […]
Macau Reserves to be transferred to China Development Fund

Macau Reserves to be transferred to China Development Fund

A portion of the MSAR’s financial reserves could be transferred to mainland China for investment purposes. The government intends to introduce the measure in order to boost bilateral cooperation. It also expects the return of the investment to potentially reach 4 percent, which would be higher than the 2 percent recorded last year but still […]
Macau lawmakers pass slimmed-down budget bill

Macau lawmakers pass slimmed-down budget bill

Lawmakers unanimously passed an amendment bill on Wednesday on the government’s slimmed-down budget for this year. According to the bill presented by Secretary for Economy and Finance Lionel Leong Vai Tac, the government now expects total receipts of 119.96 billion patacas this year, a 22.4 percent decrease from its original estimate. He added that the […]
Ex-HKMAO official stresses ‘three principles’ for Macau

Ex-HKMAO official stresses ‘three principles’ for Macau

Chinese Association of Hong Kong and Macau Studies Chairman Chen Zuoer, a former vice-director of the State Council’s Hong Kong and Macau Affairs Office (HKMAO), called for the “comprehensive and accurate implementation” of the Basic Law and the adherence to “three principles” on Tuesday. The ex-official said that the three principles must be in line […]
CCAC probes deputy marine chief over graft claims

CCAC probes deputy marine chief over graft claims

The Commission Against Corruption (CCAC) has announced that it is investigating two senior officials of the Marine and Water Bureau (DSAMA) on suspicion of bribe-taking. While Saturday’s statement did not identify the two DSAMA officials, Secretary for Transport and Public Works Raimundo do Rosario said yesterday that the two individuals comprised the bureau’s deputy director […]
Macau police rescue 27 locked-up migrant workers

Macau police rescue 27 locked-up migrant workers

A total of 27 migrant workers were rescued by the police from a flat in Ho Lan Un district on Wednesday, a Judiciary Police (PJ) spokesperson said at a special press briefing on Thursday. Two suspects were arrested. The spokesperson said the police received a call from a foreign woman asking for help at around […]
Macau to join ‘One Belt, One Road” initiative

Macau to join ‘One Belt, One Road” initiative

Macau will be part of the central government’s “One Belt and One Road” initiative, Commissioner of the Foreign Ministry in Macau Hu Zhengyue told the local media on Wednesday. Hu made the announcement in a speech during a Spring Festival reception hosted by the commission for the local press. The “Silk Road Economic Belt” and […]
Leong confident about liberalisation of trade in Macau services

Leong confident about liberalisation of trade in Macau services

Secretary for Economy and Finance Lionel Leong Vai Tac said on Wednesday the government aimed to meet its target for the basic liberalisation of trade in services with Guangdong by the end of this year. The policy secretary made the pledge in a speech at a one-day seminar on the implementation of the Closer Economic […]
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