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Belt and Road | Greater Bay Area

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.

Macau Chief Executive visits Guangzhou and Zhuhai to boost cooperation

26 December 2019
| China | Macau
Macau Chief Executive Ho Iat Seng said, during a visit to the neighbouring province of Guangdong, that cooperation with Zhuhai in the joint promotion of Hengqin Island, in order to increase the space for growth and inject new dynamism to the development of Macau, is one of the long-term objectives of his government.

Ho Iat Seng pledges to strengthen the application of “one country, two systems” principle in Macau

20 December 2019
| China | Macau
The Chief Executive of the 5th Government of the Macau Special Administrative Region (SAR), Ho Iat Seng, gave assurances on Friday that he would continue to apply the "one country, two systems" policy, to comply with the Constitution and the Basic Law, to defend the interests of national development and to promote the social and economic development of Macau.

China Communications Construction Co plans to acquire 30% of Portuguese group Mota-Engil

19 December 2019
| China | Portugal
The China Communications Construction Co (CCCC) plans to buy a minority position of 30% in Portuguese construction group Mota-Engil, in order to expand its international presence, financial news agency Bloomberg reported.

Hong Kong-Zhuhai-Macau bridge changes patterns of movement of visitors

18 December 2019
| China | Macau
The opening of the Hong Kong-Zhuhai-Macau bridge, in October 2018, has altered the pattern of movement of visitors to Macau, including the reduction of the use of maritime terminals, according to one of the conclusions of a study prepared by the Macau Government Tourism Office.

Fitch Ratings keeps Macau’s credit rating unchanged, but changes outlook to “negative”

17 December 2019
| China | Macau
Fitch Ratings has kept its credit rating for Macau unchanged at "AA" but has downgraded its outlook from "stable" to "negative", according to a statement issued on Monday in Hong Kong.

Macao and China National Space Administration place satellite in orbit

16 December 2019
| China | Macau
The Government of Macau and the National Space Administration of China signed a cooperation agreement on the joint development of scientific and technological research for geomagnetic observation and a satellite technology test, said the government spokesman's office.

Brazil’s Embraer launches a new jet aeroplane

13 December 2019
| Angola | Brazil
The E175-E2 jet aeroplane of Brazilian aeronautical company Embraer, the third of the E-Jets E2 family, on Thursday, had its inaugural flight, taking off from the company's headquarters in São José dos Campos, in the state of São Paulo, according to an official announcement.

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