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Macao magazine



China’s president in Macau for inauguration of the Government of Chui Sai On


The President of China Xi Jinping has arrived in Macau to attend the celebrations of the 15th anniversary of the Macau Special Administrative Region (MSAR) and chair the inauguration ceremony of the 4th Local Government headed by Chui Sai On.

Soon after his arrival President Xi Jinping, who is accompanied by a central government delegation, met with Chief Executive Chui Sai On More

China highlights Macau’s role as a platform to link to Portuguese-Speaking Countries

Macau has played “a positive role” in China’s relations with Portuguese-speaking countries and has become “an important economic and trade cooperation platform,” the spokesman of the Chinese Ministry of Foreign Affairs, Qin Gang said Thursday in Beijing.

To mark the 15th anniversary of the transfer of Macau, Qin Gang told Portuguese news agency Lusa the Special Administrative Region of China has achieved More

Macau and Guangdong increase economic cooperation

The Macau authorities and those of Guangdong province Thursday signed a liberalisation agreement for trade in services that will come into force on 1 March 2015.

The agreement was signed by Deputy Minister of Commerce, Gao Yan and the Secretary for Economy and Finance of Macau, Tam Pak Yuen.

According to the Basic Implementation Agreement on Liberalisation of Trade in Services in Guangdong More

Spain’s BBVA finances Angolan State with over US$500 million

Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) will grant a credit line of US$500 million to the government of Angola, according to an agreement approved by presidential order.

The funding from BBVA is earmarked for projects included in the Public Investment Programme in Angola.

The order from the Angolan President noted that making use of the Spanish financial group was part of the More

Angola increases oil exports in February

In February Angola will export about 1.86 million barrels of oil per day, the highest amount since January 2010, according to Bloomberg, citing preliminary documents for oil shipments.

Oil exports from Angola planned for February will also increase against sales in January values, which total 1.77 million barrels per day, slightly below the government’s forecast, which outlines oil production of just over More

Paris and Luanda boost economic partnership

The Angolan Foreign Affairs minister, Georges Chikoti, and his French counterpart, Laurent Fabius, Thursday in Paris signed an action plan to strengthen the two countries’ bilateral economic partnership and facilitate granting of visas for businesspeople.

The documents were signed at the end of the France-Angola Business Forum, attended by about 250 people, including Antonio Carlos Sumbula, president of the Angola’s national diamond More

ADB grants loan to Angola for private sector projects

The African Development Bank (ADB) has signed an agreement with the Government of Angola to grant a loan of US$24.8 million finance private sector projects in the non-oil sector.

The agreement, to finance the Project to Strengthen Private Sector Development Capacity was signed by the ADB’s governor for Angola and Angola’s Minister for Planning, Job Graça, and the resident representative of the More

Galp Energia and Italy’s Eni to search for oil on Portugal’s Alentejo coast

Portuguese oil company Galp Energia Thursday in Lisbon, signed an agreement with Italy’s Eni to search for oil in ultra-deep waters off the coast of Alentejo.

The Italian group will be the operator with a 70 percent stake, while the Portuguese company will have a 30 percent share.

The agreed partnership is for three concessions, including the Lavagante, Santola and Gamba fields, with More