Features

Getting older in Macao – Local population is aging, but young-immigrant numbers are increasing

22 February 2013

People are getting older in Macao. The Statistics and Census Service (DSEC) registered 557,400 people living in Macao by the end of 2011, of which the majority (80.8 percent) were aged between 15 and …

Brazil and Africa are the basis for Chinese interest in Portugal Telecom

18 February 2013

China Mobile is interested in expanding into the Portuguese and Brazilian market and Portugal Telecom is expected to be its preferred investment target, because of its operations in Africa and Brazil,…

Angola wants to become international mining powerhouse

14 February 2013

Angola wants to become an international mining powerhouse, attracting investors to steel, gold and copper production thus leaving the sector less dependent on diamond price fluctuations. An essential…

Angola’s Banco BIC is Portuguese-speaking world’s new bank

4 February 2013

The Portuguese-speaking world will soon have a new bank operating in several countries, BIC, which is waiting for authorisation from the Portuguese government to absorb BPN Brasil and BPN Cabo Verde a…

Mozambique focuses on industry to create 216,000 jobs

28 January 2013

Industry and the agro-industrial sector are the Mozambican government’s focus to create almost 216,000 jobs in 2013, whilst the economy is expected to post one of the world’s highest rates of growth. …

Financial markets show renewed interest in Angola

21 January 2013

The creation of the Angola Sovereign Fund and an international debt issue organised by Russian bank VTB have led to renewed interest from financial markets in Angola, according to the EMEA Finance web…

China “determined and pro-active” about the future of the relationship with Portuguese-speaking countries

14 January 2013

Countries such as Angola and Brazil have become “vital for the prosperity,” of China, which is expected to continue investing in a “determined and deliberate” way in its relationship with the Portugue…

China’s newest special zone, next to Macao, rises from the ground

11 January 2013

A few hundred metres from the western edge of Macao, China’s newest special zone is rising rapidly from the ground. Giant earth-shifting equipment is in place, and thousands of construction workers ar…

Angolan oil sector scenario “brilliant” EIU says

7 January 2013

Angola’s oil sector entered 2013 with a brilliant scenario in which production is close to record levels seen in 2008 due to the start of exploration of a new oil well and overcoming technical difficu…

Competition in East Timor’s telecoms sector expected to drive down costs and boost coverage

2 January 2013

Timor-Leste (East Timor) is preparing to liberalise its telecommunications market in the first quarter of 2013, which is expected to drive prices down and expand the country’s telecommunications infra…

Year ends with trade between China and the Portuguese-speaking countries on a high

26 December 2012

The 2012 year has seen a rise in trade and investment between China and the Portuguese-speaking countries, involving large companies from the group of countries and which had Lisbon at the centre of t…

Mozambique provides “important” investment opportunities in many sectors

17 December 2012

Mozambique provides “important investment opportunities in any sectors,” ranging from infrastructure to tourism and energy, according to the latest Guide to Business and Investment in the country. Pu…

Shrinking Distance – New railway will make Macao access easier for millions

14 December 2012

At the end of December there will open the first passenger railway along the southern coast of the Pearl River, cutting the journey time from Guangzhou to Zhuhai to just 46 minutes. The terminus is at…

Brazilian government to spend US$26 billion to modernise ports

11 December 2012

The Brazilian government plans to modernise the country’s ports and bring them into the 21st century, by channelling private and public investment of an estimated 54 billion reals (US$26 billion). “W…

The unusual history of the pataca, Macao’s local currency

7 December 2012

The pataca is the official currency of the Macao Special Administrative Region – a fact that nobody disputes. This wasn’t always the case, however – as seen in the difficulties the territory encounter…

Mozambique’s economy sees rates of growth close to those of China

3 December 2012

The Mozambican economy continues to “expand at a rapid rate,” bucking the global trend and may soon become one of the most dynamic in the world, even outperforming rates of growth in China, according …

Banco Nacional Ultramarino rising to the challenges

30 November 2012

For over a hundred years, Macao’s Banco Nacional Ultramarino (BNU) has nurtured the Portuguese pataca (Macao´s legal tender), keeping pace with economic growth and meeting the challenges of a highly c…

Portugal and Brazil amongst countries that make biggest reforms to improve business climate

26 November 2012

Portugal and Brazil in 2011 stood out amongst Portuguese-speaking countries in terms of introducing the most reforms in order to improve their business climates, according to the Doing Business report…

Mozambique’s energy resources with a high potential

19 November 2012

Opportunities for exploring natural gas and other energy resources will continue to appear in Mozambique and the growing interest in energy seems to still “have a lot to give,” according to the Econom…

Half of Angola’s exports are sent to China

12 November 2012

Almost half of Angola’s exports are destined for China, whilst sales to other large trading partners, such as the United States and France, continue to lose ground, according to Portuguese bank BPI. …

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