Mortgage loans increase exponentially in August
Statistics released yesterday by the Monetary Authority of Macao show that new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) both increased significantly in August 2022. According to the same release, the new RMLs approved by local banks rose by 116.9% month-to-month to MOP1.67 billion, while new CRELs advanced by 47.5% month-to-month to MOP2.05 billion. The monthly average of new RMLs approved between June and August 2022 was down by 1.9% from the previous period (May to July 2022), while the monthly average of new CRELs approved between June and August 2022 was down by 3.6% compared with the previous period. The outstanding balances of RMLs dropped whereas CRELs increased.
Air Macau resumes flights to Xiamen next week
The Macau flag airline – Air Macau – has announced it will resume flights routed between Macau and Xiamen from October 16 (Sunday). In a press statement, the airline announced the resumption of this route that had been suspended due to the Covid-19 pandemic and consequent economic crisis. Now Air Macau says that it will resume operations of this route, in line with the promotion of Macau as a “World Centre of Tourism and Leisure and the diversification of the local economy.” It is known that the port city, located in Fujian province on China’s southeast coast across a strait from Taiwan, is one of the few regions from which tour groups have been allowed into Macau by the central government. According to the plan, the resumption of this type of traveling will take place early next month.
Female golden snub-nosed monkey passes away
The nine-year-old female golden snub-nosed monkey in Seac Pai Van Park passed away after suffering from decreased activity level and loss of appetite earlier this month. In addition to carrying out examinations and feeding it with medication, the veterinarians of the Municipal Affairs Bureau (IAM) said it has consulted experts in mainland China and Hong Kong for treatment advice. However it passed away a few days ago. After autopsy, it was found that there were abnormal lesions in the gastrointestinal tract, lungs, uterus and other organs of the mother monkey. In 2020 and 2022, the monkey gave birth to two little golden snub-nosed monkeys
