Cash-rich Portuguese investment company spreads its wings in Asia, looking to accelerate its growth prospects in the region.
Portugal
Scheme is ‘cash cow’ for Portugal, netting 53.8 million euros in May, when 17 Golden Visas were granted to citizens from mainland China.
Connection had only just resumed after six-month hiatus caused by novel coronavirus outbreak in Shaanxi.
China and Europe represent one-third of world’s economic output and a quarter of its population, making them ‘world’s two major forces’.
Survey notes Portuguese economy grew at its fastest pace in decades last year, and attracted 200 FDI projects, 30% more than in 2020.
Trip aims to promote Hong Kong’s business advantages and opportunities, highlighting its strategic role in the Greater Bay Area.
Thailand’s SCG Chemicals to increase plastic recycling by 25% at Portugal-based subsidiary Sirplaste
Company aims to increase its annual capacity for post-consumer recycled resins to 45,000 tonnes due to strong European demand.
The only air connection between Portugal and mainland China will now resume with one flight per week.
Estimated US$2.7 billion invested by 48 countries in mining, telecommunications, civil construction, education, health, tourism, fishing and agriculture, among others.