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Macau government forecasts Brexit impact will be ‘limited’

Macau government forecasts Brexit impact will be ‘limited’

The impact of Great Britain’s referendum to leave the European Union (EU) will have a “relatively limited” impact on Macau, a statement by the office of Secretary for Economy and Finance Lionel Leong Vai Tac predicts. According to the statement issued on Friday, Leong held a meeting with the Macau Monetary Authority (AMCM) on Friday […]
Macau government to scrap Transport Infrastructure Office

Macau government to scrap Transport Infrastructure Office

The government will establish a company to replace the Transportation Infrastructure Office (GIT) next year, lawmaker Ho Ion Sang, who heads the legislature’s Follow-up Committee for Land and Public Concession Affairs, told reporters on Thursday, adding that the firm will be fully owned by the government. The office, which is responsible for the construction and […]
Visitor arrivals in Macau down 2.8 per cent

Visitor arrivals in Macau down 2.8 per cent

Visitors’ arrivals totalled 2,477,591 in May, up slightly by 0.3 per cent month-to-month and yet down by 2.8 per cent year-on-year, according to the information released by the Statistics and Census Service on Thursday. Same-day visitors dropped by 8.3 per cent year-on-year to 1,272,242, while overnight visitors rose by 3.8 per cent to 1,205,349. Visitors […]
Prices in Macau continue to slow in May

Prices in Macau continue to slow in May

Consumer prices in Macau in May continued to slow, with year on year inflation at a rate of 1.64 per cent, or 38 basis points less than in April, said the region’s Statistics and Census Bureau (DSEC). A chart provided by DSEC in the statement on May’s CPI shows that the general index has been […]
Macau top court rejects Moon Ocean’s La Scala appeal

Macau top court rejects Moon Ocean’s La Scala appeal

The Court of Final Appeal (TUI) has rejected Moon Ocean Ltd’s request to annul a 2012 administrative order by Chief Executive Chui Sai On which invalidated the company’s provisional leaseholds of five plots of land where the aborted La Scala residential project is located, according to a statement issued by the court on Wednesday. Chui’s […]
Macau government co-operates with Guangdong on ‘One Belt, One Road’

Macau government co-operates with Guangdong on ‘One Belt, One Road’

The Macau and Guangdong governments signed a deal to join forces in the development of the central government’s ‘One Belt, One Road’ initiative on Tuesday. The two sides inked the letter of intent during the one-day 2016 Macau-Guangdong Joint Co-operation Conference. Chief Executive Fernando Chui Sai On and Guangdong Governor Zhu Xiaodan co-hosted a press […]
Macau Chief Executive reassures public of Taishan nuclear plant safety

Macau Chief Executive reassures public of Taishan nuclear plant safety

Chief Executive Fernando Chui Sai On said Tuesday that the central government was “deeply concerned about the safety of Macau’s residents,” amid concerns about safety at the still under-construction Taishan Nuclear Power Plant. Chui also vowed that his government will always be in close contact with the Guangdong provincial government about the plant’s construction progress […]
Macau provident fund bill passed by the legislature

Macau provident fund bill passed by the legislature

The government’s bill for the city’s long-delayed non-mandatory central provident fund was finally passed by the legislature on Tuesday, eight years after it had first been presented by the government. During a plenary debate about the bill’s outline, Secretary for Social Affairs and Culture Alexis Tam Chon Weng said he was “confident” that the government […]
2,200 Macau students accepted by Taiwan universities

2,200 Macau students accepted by Taiwan universities

Around 2,200 local applicants have been accepted by Taiwanese higher education institutions starting from the new academic year, Taipei Economic and Cultural Office Director-General Lu Chang-shui said on Monday. Speaking to reporters on the sidelines of a public event hosted by a local developers’ association, Lu said he expected half of the successful applicants to […]
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