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Belt and Road | Greater Bay Area

Inflation rate in 2019 in Macau falls to 2.75%

24 January 2020
| Macau
The rate of inflation in Macau in 2019 was 2.75%, 45 basis points less than in the previous year, of 3.01%, said the region's Statistics and Census Bureau.

Angola negotiates the end of oil-backed debt with China

23 January 2020
| Angola | Brazil | China
The government of Angola is negotiating with its Chinese counterpart to end the use of oil as a guarantee for bilateral debt, said in London, the Angolan Minister of State for Economic Coordination, Manuel Nunes Júnior.

Forum Macau analyses report on its 15 years of activity

22 January 2020
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
Forum Macau has analysed the report prepared by the Chinese Academy of Social Sciences on the activities of the institution in its 15 years of existence, according to information from the Support Office of the Permanent Secretariat of Forum Macau.

Multinational companies subject to new rules in Macau

21 January 2020
| Macau
An administrative regulation called "Regulation of registration on the activities of the multinational enterprise group" shall enter into force on Sunday, 26 January in Macau, after the Executive Council recently concluded the discussion of the project, according to official information.

Mass-market baccarat makes gains on VIP baccarat in Macau

20 January 2020
| Macau
VIP baccarat has been losing market share to mass market baccarat at casinos in Macau, although in 2019 it still provided a higher gross revenue, according to statistics on the various types of gambling released by the region's Gaming Inspection and Coordination Bureau.

CPLP announces new funding to support Mozambique

17 January 2020
| Angola | Brazil | Cabo Verde | Guinea-Bissau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The Community of Portuguese Speaking Countries (CPLP) will help the reconstruction of areas of Mozambique affected by cyclones in 2019 with funding of €888,600, with funding totalling €1.26 million, said the organisation in a statement.

Macau Tourism Office expects drop in the number of visitors in 2020

16 January 2020
| Macau
Macau is expected to receive fewer visitors in 2020, with a projected drop of 3.0%, said on Tuesday the director of the Macau Government Tourism Office (MGTO), adding that in 2019 a new record of 39.4 million visitors had been set, an increase of 10.1% when compared with the number recorded a year before.

New forecast points to economic contraction of 3.7% for Macau in 2020

15 January 2020
| Macau
Macau's economy is expected to experience a contraction of 3.7% in 2020, according to estimates prepared by the Economics Department of the University of Macau, published on Tuesday.

Macau’s Statistics and Census Bureau has a new website

14 January 2020
| Macau
The Macau Statistics and Census Bureau (DSEC) since Monday has had a new website, with a new look and new functions, in order to improve user experience, the public body said.

Year-on-year inflation rate in Mozambique falls to 3.5% in 2019

13 January 2020
| Mozambique
The year-on-year inflation registered in Mozambique in 2019 fell by 41 basis points to 3.5%, said the National Statistics Institute (INE) in a note published on Friday.

Survey on the introduction of a tourist tax in Macau brings up differences between respondents

10 January 2020
| Macau
A feasibility study on the levying of a tourist tax in Macau has shown differences among the respondents, with residents favourable to its introduction and tour operators against it, said the Macau Government Tourist Office (MGTO).

CTM signs memorandum of understanding with Angola Cables

9 January 2020
| Angola | Macau
Macau telecommunications company CTM and Angola Cables recently signed a memorandum of understanding that aims to increase business opportunities between Macau, mainland China and the Portuguese-speaking countries, according to a statement released in Macau.

Angola wants to facilitate movement within the Community of Portuguese Speaking Countries

8 January 2020
| Angola | Brazil | Cabo Verde | Guinea-Bissau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The government of Angola expects that the progress made in the technical discussions can make the issue of movement within the Community of Portuguese Speaking Countries (CPLP) less complex, the Angolan Minister for Foreign Affairs said on Monday in Lisbon.

Cabo Verde launches public tender for the construction of two solar power plants

7 January 2020
| Cabo Verde
The Cabo Verde government has launched an international public tender for submission of expressions of interest to install two solar power plants of five megawatts each on the islands of Sal and São Vicente, according to an announcement from the National Directorate for Industry, Trade and Energy.

Secretary Lei Wai Nong optimistic about the economic development of Macau

6 January 2020
| Macau
The Secretary for Economy and Finance of the Macau government expressed his optimism about the development of the territory’s economy, despite a drop in gross revenues in 2019 at casinos, the main local industry, in statements to the press on Friday.

Revenue at Macau casinos falls 3.4% in 2019

3 January 2020
| Macau
Gross gaming and gambling revenues at Macau casinos in December recorded the biggest on year contraction in 2019, with a drop of 13.7% to 22.838 billion patacas (US$2.854 billion), said the region’s Gaming Inspection and Coordination Bureau.

Macau Chief Executive intends to reform public administration

2 January 2020
| China | Macau
The Chief Executive of Macau, Ho Iat Seng, said in his New Year's Message to the people of Macau, that the government will implement the guidelines given by President Xi Jinping on his visit to Macau in order to respond to the aspirations of the people.

Macau had 240,000 registered vehicles in November

31 December 2019
| Macau
At the end of November 2019, Macau had more than 240,000 vehicles registered, with a slight growth of 0.4% compared with the end of the same month of 2018, the region’s Statistics and Census Bureau said.

Macau’s Gross National Income in 2018 totals US$50.7 billion

30 December 2019
| Macau
Macau's Gross National Income (GNI) totalled 406.02 billion patacas (US$50.7 billion) in 2018, and per capita income was 614,950 patacas (US$76,868), the region's Statistics and Census Bureau said.

Maritime transport loses importance in the connection between Hong Kong and Macau

27 December 2019
| China | Macau
The number of visitors who arrived in Macau in November by sea, approximately 413,700, represented a decline of 39.0% year-on-year, said Statistics and Census Bureau.

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