Corporate Bits | BNU, City U sign strategic partnership

A Strategic Cooperation Agreement between Banco Nacional Ultramarino (BNU) and the City University of Macau (CityU) was signed yesterday, aiming to strengthen the financial ecosystem, fully support financial education development and cultivate financial innovation talents.

The cooperation agreement was signed by Sam Tou, executive director of BNU, and Shu Guang Zhang, rector of the university.

According to Tou, the agreement will be a significant starting point for mutual comprehensive cooperation in the future, as cited in a statement.

BNU noted that it intends to further cooperate with the university in terms of education and research in the field of Finance, as well as working together to improve the financial system in Macau and promote innovation and inspiration within the finance industry.

Demolition works of power station nearly completed

The Macau Power Station demolition works, which commenced in January 2017, is now nearly complete, CEM announced in a statement.

To monitor the progress of the final phase, Horry Hoi, director of the Office for the Development of the Energy Sector, made a visit to the site for inspection.

According to the statement, the entire demolition project has been conducted in line with standards of safety and quality.

Apart from the underground drainage and ground floor structure which remains, all buildings have been demolished.

A few years ago, the government and CEM discussed about recovering the land where the decommissioned power station was situated and turning it into public housing development, and decided CEM would be responsible for the entire demolition project.

The size of the Macau Power Station is approximately 18,540 square meters.  According to CEM, the most difficult part of the project was the removal of the 101-meter-high chimney, which took four months to complete. CMC is believed to be the tallest building in Macau that has been demolished.