News
12 August 2020
The Rui Cunha Foundation, the Macau Bookworms Association and the Portuguese Institute of the Orient will hold a series of events in Macao to mark the 120th anniversary of the death of Portuguese writer Eça de Queiroz, Lusa reports. The Portuguese news agency says the series begins on Thursday with a lecture given by Carlos … Continue reading "Events in Macao to mark 120 years since Eça de Queiroz died"
12 August 2020
Brazilians and Chinese living in Rio de Janeiro celebrated China-Rio de Janeiro Friendship Day online this year, China Radio International (CRI) reports. The Chinese state-run radio station quotes Chinese Consul-General in Rio de Janeiro Li Yang as saying the celebration, on Friday, reflected the strength of ties between the city and China, and paved the … Continue reading "China-Rio de Janeiro Friendship Day celebrated online"
12 August 2020
The ideiaLab business development service in Mozambique says it has made it to the final round of the Africa’s Business Heroes competition, which is backed by Chinese business magnate Jack Ma. IdeiaLab issued a written announcement saying it is among 50 finalists in 21 countries chosen from over 22,000 entrants, and the only lusophone finalist. … Continue reading "IdeiaLab reaches final of Jack Ma’s Africa’s Business Heroes"
12 August 2020
According to statistics released today by the Monetary Authority of Macao, newly approved small and medium-sized enterprise (SME) credit rebounded in the first half of 2020 while the outstanding balance of SME loans increased. New lending approved In the first half of 2020, new SME credit limit approved by Macao banks totalled MOP15.4 billion, up … Continue reading "Small and medium-sized enterprise credit statistics in Macao – First half of 2020"
11 August 2020
The head of the Butantan Institute, a Brazilian biomedical research centre, is having talks about supplying Argentina, Colombia, and the Pan American Health Organization with CoronaVac, a potential vaccine against the Covid-19 virus developed in China, Agência Brasil reports. The Brazilian state-run news agency quotes Butantan Institute Director Dimas Covas as telling a Brazilian legislative … Continue reading "Institute eyes wider Latin American market for CoronaVac"
11 August 2020
Macao Lawyers Association President Jorge Neto Valente has said he wants businesses to avail of commercial arbitration in the city, particularly businesses in the Portuguese-speaking world and the Guangdong-Hong Kong-Macao Greater Bay Area, the Macao government says. The Legal Affairs Bureau issued a written statement quoting Mr Neto Valente as calling for more advertising abroad … Continue reading "Use Macao for commercial arbitration, legal luminary says"
11 August 2020
All households due to be served by a US$120 million, Chinese-financed water supply system newly built in the northern Angolan province of Cabinda will connected by the end of December, the People’s Daily reports. The Chinese Communist Party newspaper quotes an unidentified official of the builder, China Railway 20 Bureau Group Corp., as saying the … Continue reading "Potable water to begin flowing in Angolan province in 2020"
11 August 2020
Information from the Statistics and Census Service (DSEC) indicated that the total population as at end-June 2020 decreased by 10,700 quarter-to-quarter to 685,400, on account of a drop in number of non-resident workers living in Macao; female population (358,700) accounted for 52.3% of the total. A total of 1,409 live births were delivered in the … Continue reading "Demographic statistics of Macao for the 2nd quarter of 2020"
10 August 2020
The authorities in the northwestern Angolan province of Uíge will begin in the next few days setting up a laboratory to be fitted out by Chinese biotechnology company BGI Group with the capacity to test up to 2,000 samples a day for the Covid-19 virus, Angop reports, quoting Angola’s Secretary of State for Public Health, … Continue reading "Work soon to begin on Chinese-equipped testing lab in Angola"
10 August 2020
China Three Gorges Corp. (CTG) has paid 220.3 million euros (about US$260.8 million) for 66.7 million more shares in Energias de Portugal SA (EDP), which the Portuguese electricity company is issuing to raise capital, EDP announced on Wednesday. EDP told the Euronext Lisbon stock exchange regulator that CTG exercised on Monday the right of first … Continue reading "CTG pays 220.3 mln euros to keep stake in EDP at 21.47 pct"
10 August 2020
The China (Xuzhou) Cross-Border E-Commerce Comprehensive Pilot Area, in the east of the country, shipped out last week its first direct export order, for excavator parts for Brazil, the Xuzhou Daily reports. The newspaper said on Wednesday the parts were made by XCMG Zhilian Logistics Service Co. Ltd, a subsidiary of Xuzhou Construction Machinery Group … Continue reading "New Chinese e-commerce zone ships first order to Brazil"
10 August 2020
Organised by the Macao SAR Government and the Organisation of World Heritage Cities (OWHC), the “Ceremony of the Affiliation of Macao Special Administrative Region in the OWHC”was held via video-conferencing in Macao on 7 August. During the ceremony, the OWHC presented the certificate of membership to the Macao SAR, which was represented by the Secretary … Continue reading "Macao Becomes a Member of the Organisation of World Heritage Cities"
10 August 2020
According to statistics released today by the Monetary Authority of Macao, the total number of personal credit cards issued by banks in Macao continued to rise in the second quarter of 2020. Both the credit card turnover and total repayments witnessed year-on-year declines. Cards issued On the back of the increasing dual-currency and triple-currency cards, … Continue reading "Macao Credit card statistics – 2nd quarter 2020"
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"
