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Portugal

Macau businessman joins Marriott group to open luxury hotel in Porto, Portugal

14 November 2019
The building of Portuguese newspaper Jornal de Notícias (JN), in the northern city of Porto, will be converted into a hotel to be managed by the Autograph Collection by Marriott and will be named Hotel Journal in order to honour the building's past and perpetuate its memory, said Macau businessman Kevin Ho King Lun.

Chief Executive of Macau presents a review of government activity

13 November 2019
The Chief Executive of Macau said that 2019 marks the end of a ten-year governance phase for himself and his team, on Tuesday when he presented a review of government action for 2019 to the Legislative Assembly.

23rd edition of Cabo Verde International Fair starts in Mindelo

13 November 2019
The 23rd edition of the Cabo Verde International Fair (FIC) is due to be inaugurated on Wednesday in the city of Mindelo, on the island of São Vicente, by Prime Minister Ulisses Correia e Silva, and will take place over four days under the slogan “Cabo Verde, an economy in the Mid Atlantic.”

BNU (Macau) contributes 50.8 million euros to consolidated net income of Portugal’s CGD

11 November 2019
Banco Nacional Ultramarino (Macau) contributed 50.8 million euros to the consolidated net profit of 508.4 million euros of Portuguese state group Caixa Geral de Depósitos (CGD) in the first nine months of the year, the group said.

Portuguese wine company and Chinese state importer Nam Kwong establish a partnership

7 November 2019
Portuguese wine company Quinta da Marmeleira, owned by Macau businessman Wu Zhiwei, has entered into a strategic partnership with the Chinese state distribution group Nam Kwong, which will increase the entry of Portuguese wines into mainland China.

Macau and Shanghai have “great complementarity” in relations with Portuguese-speaking countries

7 November 2019
Shanghai City's trade with Portuguese-speaking countries reached US$10 billion in 2018, said the president of the Macau Institute for Trade and Investment Promotion (IPIM), according to whom that city and Macau show have “great complementarity” in this cooperation. 

China reduces stake in Portugal’s EDP group

6 November 2019
Chinese state group CNIC Co. through a private placement has sold a block of more than 48.7 million shares, or about 1.33% of the share capital of Portuguese power company EDP - Energias de Portugal, according to a statement issued through the Portuguese Market Securities Commission.

India was Mozambique’s main export destination in 2018

6 November 2019
In 2018 India was Mozambique's main export destination with a share of 27.32% or US$1.369 billion, according to the country's National Statistics Institute in its Statistical Yearbook for last year.

Macau attends 2nd edition of China International Import Exhibition

5 November 2019
A delegation of over 100 businesspeople from Macau has travelled to Shanghai to attend the 2nd edition of the China International Import Exhibition, which will take place from 4 to 7 November, said the Macau Trade and Investment Promotion Institute (IPIM).

Blue partnership between China and Portuguese-speaking countries debated in Beijing

1 November 2019
A blue partnership between China and the Portuguese-speaking countries was under discussion on Thursday at the University of Economics and International Business (UIBE) in Beijing, in a meeting that brought together about 200 people, including experts, academics, diplomats and businesspeople.

Trade between China and Portuguese-speaking countries exceeds US$96 billion from January to August

30 October 2019
The value of trade between China and the Portuguese-speaking countries grew by 2.31% year-on-year to US$96.984 billion between January and August 2019, according to official Chinese figures released by Forum Macau.

Bank of Mozambique sanctions financial institutions for irregularities

29 October 2019
The Bank of Mozambique has imposed sanctions on 20 financial institutions operating in the country for violations of the Anti-Money Laundering and Anti-Terrorist Financing Act, and of Credit Institutions and Financial Corporations, according to a statement released on Monday.

Tivoli Hotels & Resorts chain opens hotel in Chengdu, Sichuan Province

28 October 2019
The Tivoli Hotels & Resorts chain plans to open a hotel in Chengdu, capital of Sichuan Province, this year, the first time it has made an investment in the Chinese market, Thailand's Minor Group said in a statement in Bangkok.

Portugal and China are main foreign investors in Angola in 2019

28 October 2019
Portugal led by number and China by value in terms of the investment proposals submitted by foreign companies to the Angolan Private Investment and Export Promotion Agency (Aipex), the investment and fundraising manager said.

Northern Portuguese city equipped with 5G mobile phone network

28 October 2019
The city of Matosinhos, in the north of Portugal, has been covered by a 5G mobile phone network, in a partnership between Portuguese company NOS and Chinese group Huawei, the company said in a statement adding that the network is fully operational and available.

Angola’s Sonangol wants to remain as a reference shareholder of Portuguese bank BCP

22 October 2019
Angola's national oil company Sonangol intends to remain a reference shareholder of Portugal's largest private bank Banco Comercial Português (BCP), the bank said in a statement issued on Monday, which refers to a meeting held last Wednesday in Luanda. 

Portugal’s non-financial sector owes 724 billion euros at the end of August

22 October 2019
The indebtedness of the Portuguese non-financial sector stood at 724.0 billion euros at the end of August, of which 319.8 billion euros related to the public sector and 404.2 billion euros to the private sector, the Bank of Portugal said in a statement released on Monday.

Macau International Fair and PLPEX close with the signing of 85 protocols

21 October 2019
A total of 85 protocols were signed and more than 400 meetings were held at the 24th Macau International Fair (24th MIF) and the Portuguese-speaking Countries (Macau) Products and Services Exhibition 2019 (2019PLPEX) ), which closed on Saturday, 19 October, according to official information.

Macau wants to help Greater Bay companies enter foreign markets

18 October 2019
Macau will be able to serve the cities of the Guandong - Hong Kong - Macau Greater Bay by opening them to the outside and exploring markets in Portuguese-speaking countries, markets included in the Belt and Road initiative and international ones, the secretary for the Economy and Finance of the Macau Government said on Thursday.

Macau’s BNU bank and IPIM team up to promote business between China and Portuguese-speaking countries

18 October 2019
Banco Nacional Ultramarino (BNU) has signed an agreement with the Macau Trade and Investment Promotion Institute (IPIM) to boost business between China and Portuguese-speaking countries, the bank's chief executive said on Thursday in Macau.
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