24 August 2020
A private college in Lisbon, Universidade Lusófona de Humanidades e Tecnologias, says it is offering scholarships to 130 citizens of lusophone countries or Macao. The university posted on its website a written announcement saying five of the scholarships are reserved for students from Macao. The university says the second phase of the application process begins … Continue reading "Portuguese university offers scholarships to Macao students"
24 August 2020
The Zhuhai Real Estate Registration Center and nine Macao banks have reached an agreement meant to facilitate mortgage lending across the border between Macao and the mainland Chinese city of Zhuhai, the Macau News Agency (MNA) reports. The news agency says the agreement allows Macao residents and companies to register property in Zhuhai and mortgage … Continue reading "Deal reached on mortgaging of Zhuhai property by Macao banks"
24 August 2020
Information from the Statistics and Census Service (DSEC) indicated that Gross Domestic Product (GDP) dropped by 67.8% year-on-year in real terms in the second quarter of 2020, representing a greater decline compared to the previous quarter. With the continued prevention and control measures against the pandemic, Macao’s exports of services showed a sharper fall of … Continue reading "Macao Gross Domestic Product for the 2nd Quarter of 2020"
24 August 2020
Preliminary Estimate for 2019 The Monetary Authority of Macao (AMCM) releases today the preliminary balance of payments (BOP) statistics of Macao SAR for the reference year 2019. The BOP, which comprises the current account, the capital account and the financial account, is a statistical statement that summarises the external transactions of an economy with the … Continue reading "Release of Macao SAR Balance of Payments"
21 August 2020
The half-year 2020 statistics from the police, regarding reported crime, show Macao remained a safe city. Cases of suspected crime that were reported in Macao during the first six months of 2020 saw a 32.2-percent decrease year-on-year to 4,691 instances, according to the police-enforcement statistics published today. Forms of major crime in the first half … Continue reading "Police-enforcement statistics show Macao remains a safe city"
21 August 2020
The Statistics and Census Service (DSEC) released survey results of Manpower Needs and Wages of the Gaming Sector for the second quarter of 2020. Survey coverage excludes junket promoters and junket associates. At the end of the second quarter of 2020, number of full-time employees in the Gaming Sector decreased by 381 year-on-year to 57,459; … Continue reading "Results of survey on Macao manpower needs and wages for the 2nd quarter of 2020 – Gaming sector"
20 August 2020
A Chinese-language version of a guide for would-be investors in Angola, Cabo Verde, Guiné-Bissau, Mozambique, São Tomé e Príncipe, and Timor-Leste has been published in Macao, Lusa reports, citing the MacauLink media group. The Portuguese news agency quotes a written statement issued by MacauLink as saying it collaborated with other businesses and institutions in Macao … Continue reading "Guide for investors in lusophone countries translated"
20 August 2020
The managers of the Macao fiscal reserve have acquired bonds denominated in renminbi, known as panda bonds, which Portugal issued last year, Lusa reports, citing the Monetary Authority of Macau. The Portuguese news agency quotes the authority as saying the managers have also invested in securities issued by some other lusophone countries, without saying which … Continue reading "Some of Macao reserve invested in Portuguese panda bonds"
20 August 2020
Charlestrong Café Co. Lda Chairman Charles Shi of Macao says he has invested HK$20 million (about US$2.58 million) in a venture to process organic coffee grown in Timor-Leste, Lusa reports. The Portuguese news agency quotes Mr Shi as saying his company has imported about 330 tonnes of coffee beans from Timor-Leste this year, and is … Continue reading "Charlestrong invests in processing Timorese organic coffee"
19 August 2020
Ground has been broken for construction in Macao of a centre where artists from China and the Portuguese-speaking world can exhibit their work and do spells as artist-in-residence, Lusa reports. The Portuguese news agency says Chinese artist Ieong Tai Meng is investing over 250 million patacas (US$31.3 million) in building the China, Macao and Portuguese-speaking … Continue reading "Showcase for Chinese, lusophone artists to rise in Macao"
18 August 2020
The work of Mainland Chinese and Portuguese women artists will be strongly represented, along with the work of other lusophone artists, at the ArtFem Women Artists 2nd International Biennial of Macao, Lusa reports. The Portuguese news agency quotes Carlos Marreiros, who chairs the organising committee, as saying the biennial will be held in Macao from … Continue reading "Artworks by women go on show in September in Macao biennial"
18 August 2020
Information from the Statistics and Census Service (DSEC) indicated that a total of 2,636 building units and parking spaces were purchased and sold in the second quarter of 2020 as per Stamp Duty record, and the total value of transactions was MOP14.71 billion, up by 81.2% and 86.3% respectively quarter-to-quarter. Purchase and sale of residential … Continue reading "Macao Private Sector Construction and Real Estate Transactions for the 2nd quarter of 2020"
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
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
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
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
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"
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"
