The legislation is geared to helping Macao become a financial hub as part of the SAR’s plan to reduce its overwhelming economic dependency on gaming.
Monetary Authority of Macau
Despite the last quarter’s strong performance, officials are urging prudence, warning that the economy is still in recovery.
Some 447,000 residents collect benefits on first day of scheme; money can be used to settle utility bills or for regular shopping until end of February 2023.
Six months in the making, the deal is expected to greatly increase AGTech’s recognition in the region.
Chief Executive Fernando Chui Sai On has appointed Benjamin Chan Sau San chairman of the board of directors of the Macau Monetary Authority (AMCM), according to an executive order published in the Official Gazette (BO) on Wednesday.
The fiscal reserve of the Macau Special Administrative Region totalled MOP 438.7 billion (US$54.8 billion) at the end of 2016, an amount that represents an increase of 27% compared to 2015, according to the Monetary Authority of Macau (AMCM).
The Monetary Authority of Macau (AMCM) increased its overnight discount base rate by o.25% of a percentage point to 1.25%, the AMCM said in a statement issued on Thursday.
Monetary Authority of Macau (AMCM) President Anselmo Teng Lin Seng told lawmakers Tuesday that the government “can invest daringly”, provided that it is aware of the risks involved. Teng made the remark during a Q&A session when responding to an interpellation by lawmaker Si Ka Lon on the transparency of the government’s financial investment strategies. […]