Moody’s forecasts 20% plunge in city’s GDP

American business and financial services company Moody’s Corporation is predicting the city’s gross domestic product (GDP) for this year will plummet 20%, contrary to the 3% rise that the firm

Minimum wage bill to be in effect on November 1

  The minimum wage policy for all job types in Macau will come into effect November 1 if the government’s plans proceed as expected. Yesterday, the First Standing Committee of the Legislative

MOP10b relief fund | Gov’t to launch financial support to SMEs, salary subsidies

The Macau SAR government has unveiled its plans on the use of the 10 billion pataca economic relief fund, which includes a second round of e-vouchers and financial support to

147 young entrepeneurs fail to pay back subsidies

A group of young entrepreneurs still owe the Macau SAR a total of over 30 million patacas due to their unsettled repayments of government subsidies, the local government told the

Briefs | FC Law donates 5,000 masks to gov’t

  Macau-based law firm FC Law - Lawyers and Notaries is donating 5,000 surgical masks to the government as part of its initiatives to assist the local community. “In so doing, we

Gov’t proposes three years jail for operators of fraudulent mobile base stations

The local government has proposed a maximum jail term of three years to punish those involved in fraudulent mobile base stations. Yesterday, the First Standing Committee of the Legislative Assembly (AL)

Slight drop recorded in last quarter’s residential prices

The city’s residential prices have dropped slightly, 0.2% down compared to the last three-month period, the Statistics and Census Service announced yesterday. The data covers the period from December 2019 to

Two local architecture projects receive international accolades

A Macau residential building and a public information counter won awards in the latest International Property Awards. Both projects are from local firm AETEC-Mo Architecture and Engineering Ltd., led by architect

Editorial | Small to micro support

Secretary Lei Wai Nong announced yesterday the details of the new Covid-19 relief fund which amounts to 13.6 billion patacas overall, on top of the previously announced 30

Macau sees its 45th patient of Covid-19

After 24 hours of absence of new infection in the second wave of Covid-19 in the city, Macau has its 45th patient of the disease confirmed by the Health Bureau

10 billion relief fund details announced: New round of MOP5,000 e-vouchers

An extra round of e-vouchers and salary subsidy for eligible employees, among other financial subsidies, will be issued later this year, Lei Wai Nong, Secretary for Economy and Finance has

ATFPM proposes ‘extra salary’ and ‘hardship allowance’ for frontline workers

The Macau Civil Servants Association (ATFPM) met yesterday with the Chief Executive (CE) Ho Iat Seng, proposing that an extra salary be granted to all frontline workers that have been

MGTO: Tourism fund not to be used to subsidize tour guides

The local government has no plan to use the city’s tourism fund as means to subsidize tour guides’ income, according to Maria Helena de Senna Fernandes, Director of Macau Government

‘Unacceptable’ explanation over gov’t’s unused properties

Hundreds of the Macau SAR government’s own properties are being left unused, with lawmakers being given an “unacceptable” explanation of the situation. Yesterday, the Follow-up Committee of Public Administration Affairs of

TSI dismisses appeals on six expired land concessions

The Court of Second Instance (TSI) has dismissed the appeals filed with the court in a case in which the government declared the expiration of a land concession, as well

Lawmaker urges temporary visa extension for non-local workers

Lawmaker Wong Kit Cheng is calling on the local government to consider benevolent measures for non-local workers who face problems with their visas and lodging. The lawmaker hopes that the local

SSM gives no assurance to access crucial medicine

A shortage of essential medications is expected to gradually affect local patients as both sea and land public passenger transports between the two Special Administrative Regions have been halted. Lo Iek

Gov’t to start accepting applications for salary subsidy today

The application period for the salary subsidy scheme administered by the government for the first quarter of 2020, subsidizing employees over age 40, among other criteria, begins today and will

Developer of The 13 requests a ‘standstill’ for being unable to pay debt

The developer and promoter of the troubled The 13 Hotel has requested a standstill from its bank to avoid the enforcement of security and liquidation of the company, after the

Boris Johnson spends night in ICU not on ventilator

British Prime Minister Boris Johnson spent the night in the intensive care unit of a London hospital with the new coronavirus, but is not on a ventilator, a senior government

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