Secretary for Economy and Finance Lei Wai Nong said that the local government has not yet carried out an in-depth study on the possibility of setting up a Macao securities exchange in Hengqin, but it would keep an open mind on the possibility.
Secretary for Economy and Finance
The government has announced that it will submit a bill amending its budget for this year for the third time to the legislature, proposing to allocate MOP 8.15 billion (US$1.02 billion) from its extraordinary reserves so as to cover its expenditure to be spent during the remainder of this year.
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.
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 Macau government announced a series of economic assistance measures on Thursday, with a view to relieving the pressure felt by residents due to the impact of COVID-19.
The Legislative Assembly unanimously passed the government’s 2020 budget bill.
Lawmakers on Monday passed unanimously the outline of the outgoing government’s 2020 budget bill, and will now be reviewed in detail by one of the standing committees of the legislature.
Chief Executive Fernando Chui Sai On has no regrets that his government withdrew its controversial perks bill and its 60 billion-pataca “sovereign wealth fund” bill during his 10-year term.
Local businesses express how valuable the China International Import Expo is for them in expanding their opportunities.