The government has no immediate plans to revise the legal framework governing the private real estate market, according to the Secretary for Transport and Public Works, Raimundo do Rosário. Speaking to the media on the sidelines of an event last week, the secretary indicated that authorities do not plan to modify the rules governing the sale of units in buildings under construction, nor do they plan to alter any other regulations that applies to the private real estate sector. However, he added that the local authorities would continue to monitor the development of and changes to, the local property market.
Macau Post to issue one million CNY stamps
Starting from today at 9 a.m., Macau Post will issue 1 million stamps for the “Lunar Year of the Monkey.” The number of stamps issued is the highest in the four years since the postal services began issuing stamps designed in accordance with the Chinese zodiac sign. According to the regulations, interested parties are allowed to buy 20 sets of stamps, each set containing four stamps, and are allowed to buy another three label stamps. The Macau Post director, Lau Wai Meng, indicated that since the Chinese zodiac sign stamps have been a hit, they decided to issue double the number of stamps that they printed for last year’s themed design.
Expat employee wins lawsuit over labor dispute
The Court of Second Instance ruled that a company must pay more than MOP200,000 to one of its expat employees. TDM reported that the worker, a British passport holder, made a verbal agreement with the company when being recruited, in which the company pledged to offer him MOP40,000 per month in salary and housing allowance. However, the expatriate reported only receiving approximately MOP10,000 per month. The company had appealed to the Court of Second Instance, but the court upheld the original decision.
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