The Environmental Protection Bureau (DSPA) has planned to build a temporary sewage treatment at the Outer Harbor. The bureau hopes the temporary facility will help remove the stench in the coastal area before the permanent treatment plant is built. The permanent plant will connect NAPE and Areia Preta. The septic tank of the treatment plant at the Avenida da Amizade is full of sewage, which means some sewage is unable to enter the tank. Yesterday, DSPA received eight bids for the temporary project.
Local banks’ international business rebounded in Q3
The proportion of international business in the local banking sector rebounded in the third quarter of 2020, according to the Monetary Authority of Macao. At end-September 2020, the share of international assets in total banking assets increased to 85.8% from 85.5% at end-June 2020, while the share of international liabilities in total banking liabilities remained at 82.6%. At end-September 2020, total international assets increased by 1.2% from last quarter and by 13.1% to MOP1,897.5 billion compared to last year. Within this total, external assets went up by 11.3% year-on-year to MOP1,414.2 billion, while local assets in foreign currencies also increased by 18.9% to MOP483.2 billion.
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