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Portugal

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.

China’s public companies are key in cooperation with Portuguese-speaking countries

17 October 2019
China's state-owned enterprises are a key force in economic and trade cooperation between China and the Portuguese-speaking countries and in the construction of the multilateral Cooperation Platform, the director-general of the Central Government Liaison Office said on Wednesday in Macau.

Italthai Engineering railway port project moves ahead in Mozambique

17 October 2019
The foundation stone for the construction of the housing village for people currently living in the future area of the port of Macuse was laid on Wednesday in Sopinho, Quelimane district, Zambezia province, according to Mozambican press reports.

Macau International Fair and Portuguese-speaking Countries Products and Services Exhibition kicks off on Thursday

16 October 2019
The 24th Macau International Fair (24th MIF) and the Portuguese-speaking Countries (Macau) 2019 (2019PLPEX) Products and Services Exhibition will coordinate and articulate with China's development policies, closely following new international investment trends, said the president of the Macau Trade and Investment Promotion Institute (IPIM).

Chinese companies build water retention dams in Angola

16 October 2019
The construction of retention dams, water catchment systems and waterways in Angola's Cunene province will begin in the next few days, the Angolan president said on Tuesday in Luanda.

Foreign businesspeople invest in Luanda/Bengo Special Economic Zone, Angola

15 October 2019
Businesspeople from India, South Korea, the United Arab Emirates and Eritrea are among foreign investors opening factories in the Luanda/Bengo Special Economic Zone, according to a source from the zone's development company.

Macau is committed to promoting cooperation between China and the Portuguese-speaking countries

14 October 2019
Macau is committed to building the Trade Cooperation Services Platform between China and the Portuguese-speaking Countries, a task it was given by the central government, the Secretary for Economy and Finance said recently in Lisbon, Portugal.

JFT consortium builds onshore facilities for a natural gas project in Mozambique

10 October 2019
The JFT consortium will draw up the Engineering, Procurement and Construction (EPC) project for the first phase of the Rovuma LNG Liquefied Onshore Natural Gas facility under a contract signed on Tuesday in Maputo with Mozambique Rovuma Venture (MRV), the operator of the Area 4 block.

Portugal’s Mota-Engil Group awarded contracts in Angola and Mozambique

10 October 2019
Portuguese construction group Mota-Engil has strengthened its African portfolio by 250 million euros with the construction of a dam in Angola, a project awarded for 160 million euros and works at a mine in Moatize, Tete province, Mozambique, for 90 million euros, the group said in a market statement.

Mozambican airline negotiates daily direct flights with Portugal’s TAP

10 October 2019
Mozambique's flagship air carrier Linhas Aéreas de Moçambique (LAM) is negotiating with TAP - Air Portugal for a partnership that initially allows for daily flights between the two countries, said the director-general of the Mozambican airline in Lisbon.

Macau extends export credit insurance to all Portuguese-speaking countries

9 October 2019
An export credit insurance system to provide additional support to reduce the risk of trade with Portuguese-speaking countries was officially launched in Macau to support the construction of the Commercial and Trade Cooperation Service Platform between China and Portuguese-speaking Countries, the Monetary Authority of Macau (AMCM) said.

Companies from China and Portuguese-speaking countries meet at summit in Macau

9 October 2019
On 16 October, Macau will host the Summit on the Construction of the China-Portuguese-Speaking Trade Cooperation Services Platform, supported by the 2019 China Central Public Enterprises, the Macau Institute for Trade and Investment Promotion (IPIM) said in a statement.
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