News

According to the statistics released today by the Monetary Authority of Macao, the proportion of international business in the local banking sector rose in the third quarter of 2018. At end-September 2018, the share of international assets in total banking assets increased to 86.0% from 85.9% at end-June 2018, while the share of international liabilities in total banking liabilities rose to 81.1% from 80.9%.
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In the Government’s latest policy blueprint, the Chief Executive, Mr Chui Sai On, outlined a five-pillar economic policy programme to ensure stability of Macao’s economy. It was envisioned the economy would grow moderately in 2019, he said.
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The Policy Address for the Fiscal Year 2019 incorporated five approaches aimed to deepen Macao’s urban development, announced today the Chief Executive, Mr Chui Sai On.
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The Chief Executive, Mr Chui Sai On, today outlined four main focuses in next year’s policy blueprint: improving people’s livelihoods, deepening urban development, promoting economic growth, and striving for sound social governance.
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As the number of consumers who keep pets keeps increasing, the pet products and pet service industry has become a mainstream in the market. The Consumer Council is concerned about the consumer rights relationship and business practice in the industry, the new “Code of Practice for Retail industry of Pet Products and Services” is therefore established after reviewing on past disputes and consulting suggestions from the industry. All “Certified Shops” related to the pet products and service industry must abide by the Code to provide quality products and service to consumers.
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