News
7 August 2020
Governments and other investors from Portuguese-speaking Countries could issue green bonds in Macao and Hong Kong, according to Jacky So Yuk-Chow, a finance professor at the University of Macau’s Faculty of Business Management. The report by the Lusa news agency quoted the academic as saying that Macao’s historic, cultural and linguistic ties to the Portuguese-speaking … Continue reading "Macao could be platform for green bonds, says academic"
7 August 2020
Agribusiness consultancy StoneX expects soy production in Brazil to grow by 8 per cent to a record 132.6 million tonnes next season as farmers expand acreage to meet strong Chinese demand, Reuters reports. The news agency quotes StoneX as predicting in a forecast released on Tuesday that Brazilian soybean plantings would expand to a record … Continue reading "Brazil forecast to produce record soybean crop"
7 August 2020
Coal miner Ncondezi Energy Ltd has delivered a study into how it will integrate the power station it plans to build in the northern province of Tete into Mozambique’s grid. In a press release on Monday, Ncondezi Chief Executive Hanno Pengilly says the final version of the study submitted to the state-run electricity company in … Continue reading "Grid integration plan delivered for Mozambican power station"
6 August 2020
Brazilian miner of iron ore Vale SA is thinking about loading its very large ore carriers, called Valemax ships, at the northern Brazilian port of Alcântara, where the water is deep enough for them, the South China Morning Post reports, citing port operator Grão-Pará Multimodal (GPM). The Hong Kong newspaper quotes GPM Executive Director Paulo … Continue reading "Vale mulls loading Valemax ships at Alcântara in Brazil"
6 August 2020
Chinese state-owned contractor Shanghai Construction Group Co. Ltd should complete this year the grain depot and processing facility that it began building last year in Baucau, in northeastern Timor Leste, the Chinese Embassy in Dili says. The embassy issued a written statement on Monday saying the contractor has done 70 percent of the work. The … Continue reading "Chinese contractor to finish Timorese grain depot in 2020"
6 August 2020
Macao Legislative Assembly Member José Pereira Coutinho has called for long-haul air services between Macao and the rest of the world – in particular, the Portuguese-speaking world, Ponto Final reports. The Macao newspaper quotes Mr Pereira Coutinho as saying the city could become a staging post for Mainland Chinese tourists travelling to Europe. Mr Pereira … Continue reading "Lawmaker calls for intercontinental flights to Macao"
6 August 2020
Information from the Statistics and Census Service (DSEC) indicated that a total of 1,392 new companies were incorporated in the second quarter of 2020, a decrease of 273 year-on-year. Newly incorporated companies operating in Wholesale & Retail Trade and Business Services totalled 543 and 310 respectively. Total value of registered capital fell by 94.9% year-on-year … Continue reading "Macao Company statistics for the 2nd quarter of 2020"
5 August 2020
China National Cereals, Oils and Foodstuffs Corp. (COFCO) and the International Finance Corporation (IFC), an arm of the World Bank, have got together to try to make sure the farming of soybeans in Brazil is sustainable, COFCO says. The Chinese state-owned commodities trader issued a written statement saying it will use geographical information, including satellite … Continue reading "COFCO, IFC monitor sustainability of Brazilian soybean farms"
5 August 2020
A Sino-Angolan farming venture, Luckyman Angola Desenvolvimento Lda, has availed of an Angolan government lending programme, borrowing 1.95 billion kwanzas (about US$3.38 million) to expand, Angop reports. The Angolan state-run news agency says Angolan bank Banco BIC disbursed the money in the first quarter of this year. The report says Luckyman is using the money … Continue reading "Sino-Angolan farming venture borrows US$3.38 mln to expand"
4 August 2020
The Portuguese Freight Forwarders Association, Apat, and the China International Freight Forwarders Association (CIFA) have agreed to cooperate for the mutual benefit of their members, Apat announced last week. Apat issued a written statement saying the agreement provides for the associations to exchange information on any changes in policy or market trends that may affect … Continue reading "Portuguese, Chinese freight forwarders agree to cooperate"
4 August 2020
The board of Brazilian miner Vale SA is due to consider this month a proposal to expand the Vale mining complex in the northern Brazilian state of Pará to meet strong demand for iron ore in China, Reuters reports. The news agency quotes Vale executives as saying theirs is the only mining company capable of … Continue reading "Demand in China prods Vale to mull greater iron ore output"
4 August 2020
Since April over 30 businesspeople have expressed interest in setting up shop in the Cidade de China emporium in Luanda, and some have already done so, Lusa reports, citing Cidade de China Chairman Jack Huang. The Portuguese news agency quotes Mr Huang as saying in an interview that to help its tenants get over the … Continue reading "Chinese emporium in Luanda attracting new shopkeepers"
4 August 2020
The 34th Portuguese Summer Course, organised by the University of Macau (UM) Department of Portuguese, has ended. This is the first time that UM has held this course online. Students are very pleased with the arrangements and were very active in the language courses and theme-based courses. During the closing ceremony, Dora Gago, director of the … Continue reading "UM’s online Portuguese language summer course ends"
3 August 2020
Chinese drugmaker Sinopharm Group Co. Ltd and the authorities in the Brazilian state of Parana will soon ask permission to begin what would be the second clinical trial in Brazil of a potential Chinese vaccine against the Covid-19 virus, Reuters reports. The proposal will be submitted to the Brazilian federal regulator, Anvisa, in the next … Continue reading "Sinopharm wants to try out Covid-19 vaccine in Brazil"
3 August 2020
Chinese-owned Jiawei Alimentação Lda has opened in the southern Portuguese municipality of Vendas Novas a factory which makes Chinese traditional dumplings, O Digital website reports. The Portuguese news website quotes a written statement issued by Jiawei as saying the company has invested some 2.5 million euros (about US$2.9 million) in the factory that began operating … Continue reading "Chinese-owned company opens dumpling factory in Portugal"
3 August 2020
The State Reference Laboratory for Lunar and Planetary Science at Macau University of Science and Technology is preparing a project in Portugal and Cabo Verde to help the search for life on Mars, Lusa reports. The Portuguese news agency quotes the head of astrobiology at the laboratory, André Antunes, as saying the Covid-19 pandemic has … Continue reading "Lab in Macao involved in Chinese quest for life on Mars"
3 August 2020
Information from the Statistics and Census Service (DSEC) indicated that the average daily wage of construction workers increased by 2.2% quarter-to-quarter to MOP736 in the second quarter of 2020. The average daily wages of non-resident construction workers (MOP622) and local construction workers (MOP948) went up by 2.5% and 0.7% respectively. In terms of occupation, the … Continue reading "Wages of construction workers and prices of construction materials in Macao for the 2nd quarter of 2020"
31 July 2020
Transportation equipment manufacturer China International Marine Containers Co. Ltd (CIMC) has shipped a batch of liquefied natural gas (LNG) tanks to Brazil, China Finance Online reports. The Chinese website quotes Shenzhen-listed CIMC as saying in a written statement that the Brazilian customer ordered the tanks from a subsidiary, CIMC Enric, in late March for delivery … Continue reading "CIMC sends shipment of swiftly made LNG tanks to Brazil"
31 July 2020
State-owned contractor China Hyway Group Ltd has given the Angolan Ministry of Transport a batch of medical supplies worth 10 million kwanzas (about US$17,800) for countering the Covid-19 pandemic, the Angola Chinese News website reports. The Chinese-language website says the supplies include 20,000 surgical masks, 1,000 pairs of disposable gloves, disinfectant gel and hand sanitiser. … Continue reading "China Hyway donates medical supplies to Angolan ministry"
31 July 2020
A Chinese businessman in Mozambique, Wang Xiaojin, and other Chinese expatriate entrepreneurs are discussing the establishment of a way to help young Chinese living in over 50 countries in Africa to sell African seafood and meat in their homeland, the China News Service (CNS) reports. The Chinese state-run news agency quotes Mr Wang as saying … Continue reading "Entrepreneurs mull way to sell African fish, meat in China"
