The Legislative Assembly (AL) passed on Friday a government-initiated bill regulating the licensing of traditional Chinese medicine (TCM) products in Macao – such as their production, import, export, wholesale and retail sale.
Legislative Assembly
The Legislative Assembly passed the outline of next year’s budget bill during Friday’s plenary session, according to which the government will continue to run a budget deficit.
Chief Executive Ho Iat Seng will deliver his 2021 Policy Address on Monday, 16 November in the chamber of the Legislative Assembly (AL), the Government Information Bureau (GCS) announced on Thursday.
The government’s 2019 foreign exchange reserves, fiscal reserves and Guangdong-Macao Cooperation and Development Fund’s investment scheme have been reviewed and the follow-up committee is satisfied with its investment performance.
The Legislative Assembly passed a government-initiated bill regulating its civil protection work, according to which those spreading rumours when “unforeseen public incidents” will face a prison term of up to three years.
The Legislative Assembly on Tuesday passed unanimously a government-initiated bill which allows the government to take on debt of up to MOP 2.2 billion (US$275.6 million) for its two loan guarantee schemes for local small- and medium-sized enterprises (SMEs).
The Legislative Assembly’s (AL) Follow-up Committee for Public Finance Affairs will continue to monitor the government’s immovable property, especially when the government is running a budget deficit this year.
The Legislative Assembly (AL) on Tuesday unanimously passed a government-initiated bill that aims to prevent visitors who come to Macao on tourist visas from seeking a job here during their stay and eventually getting a non-resident work permit, colloquially known as a “blue card”.
The Legislative Assembly (AL) passed on Thursday the government’s second budget amendment bill.