Macau

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

20 December 2019

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.

President Xi Jinping praises the economic and social achievements of Macau

20 December 2019

The President of China, Xi Jinping, on Thursday during a reception given on the occasion of his visit to Macau, praised the economic and social achievements of the Special Administrative Region in the last 20 years, which have enabled "rapid and robust development" in Macau and a substantial improvement in the well-being of its population.

Trade between China and Portuguese-speaking countries exceeds US$108 billion in the first nine months

20 December 2019

The value of trade between China and the Portuguese-speaking countries remained practically unchanged year-on-year from January to September 2019, rising by 0.05% to US$108.984 billion, according to official Chinese figures released by Forum Macau.

People’s Bank of China grants facilities to Macau residents for transactions in Renminbi

20 December 2019

The People's Bank of China has provided more facilities to Macau residents for individual transactions in renminbi (RMB), particularly cross-border transfers of funds, according to a statement issued by the Monetary Authority of Macau.

President Xi Jinping says China is proud of Macau’s progress

19 December 2019

President Xi Jinping said on Wednesday as he arrived in Macau, that the Chinese government and the Chinese people are proud of the successes and progress of Macau since the administration of the territory returned to China 20 years ago.

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

18 December 2019

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

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.

President of China visits Macau from 18 to 20 December

16 December 2019

The President of China, Xi Jinping, will visit Macau from 18 to 20 December to take part in the ceremonies to commemorate the 20th anniversary of the founding of the Macau Special Administrative Region (MSAR), according to Chinese state news agency Xinhua.

Macao and China National Space Administration place satellite in orbit

16 December 2019

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.

Former director returns to Macau Trade and Investment Promotion Institute

13 December 2019

The former director of the Macau Trade and Investment Promotion Institute (IPIM), Glória Batalha Ung, has returned to the institute after the restriction imposed due to a criminal investigation, Rádio Macau reported.

Macau economy expected to post growth of 5.2% in 2019, EIU says

12 December 2019

Macau's economy will contract at a rate of 5.2% in 2019, according to the latest forecasts from the Economist Intelligence Unit (EIU), which refer to 2021 as the year in which the territory will return to positive growth rates.

São Tomé and Príncipe wants to increase cooperation with the People’s Republic of China

11 December 2019

São Tomé and Príncipe wants to increase cooperation with the People's Republic of China in areas such as energy, infrastructure construction, fisheries, health and culture, said the president of the São Tomé parliament, Delfim Neto, on a six-day visit to China.

Taipa line of the Macau light railway starts operating

10 December 2019

The Taipa line of the Macau light railway started operating on 10 December, after being inaugurated by the Chief Executive, Chui Sai On, the railway's management company said.

Macau Polytechnic Institute inaugurates centre for interpreter training

6 December 2019

The Portuguese International Centre for Training in Conference Interpreting, inaugurated on Thursday by the Macau Polytechnic Institute (IPM), aims to strengthen the role of Macau as a services platform for trade and economic cooperation between China and the Portuguese-speaking countries, said the president of the IPM, Im Sio Kei.

Next Macau government to prioritise public administration reform

3 December 2019

The priority task of the 5th Government of the Macau Special Administrative Region (MSAR) will be public administration reform, under a "create first to reform later" strategy, Chief Executive Ho Iat Seng said on Monday.

China State Council appoints senior officials of the 5th Government of Macau

2 December 2019

The State Council of the People's Republic of China has appointed the senior government officials and the attorney general of the Macau Special Administrative Region, under the terms of the Basic Law, under the nomination of the future Chief Executive of the Macau Special Administrative Region, Ho Iat Seng, announced the Information Office.

Macau gaming revenue drops 8.5% in November

2 December 2019

Gross gaming revenue at Macau casinos fell 8.5% year-on-year in November to 22.877 billion patacas (US$2.859 billion), the Gaming Inspection and Coordination Bureau said.

Macau saves 800 million renminbi with an agreement with Mainland China to avoid double taxation

29 November 2019

Macau is expected to save at least 800 million renminbi (US$114 million) in tax with the signing of the 4th protocol on the agreement with Mainland China to avoid double taxation and prevent income tax evasion, said the Macau Monetary Authority.

First batch of rough diamonds subject to Kimberley Process enters Macau

29 November 2019

The first batch of rough diamonds subject to supervision and control by the Kimberley Process Certification Scheme (KPCS) arrived in Macau on Thursday, after customs clearance and verification of the respective certificate, the Economic Bureau (DSE) said.

Macau Development and Investment Fund to be subject to public consultation

27 November 2019

The government of Macau will carry out a public consultation in mid-2020 about the possible establishment of a company to manage the local version of a Sovereign Wealth Fund, said Chan Sau San, chairman of the Macau Monetary Authority

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