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Financial sector should ensure appropriate risk management measures
The Monetary Authority of Macao (hereafter “AMCM”) is endowed with responsibilities to promote the financial security and stability of the Macao SAR. With the aim to properly implement the risk-based supervisory approach, AMCM has been requesting all financial institutions to establish sound risk management for the provision of any authorized financial services.
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Local Enterprises Praise the Good Results Achieved by The International Infrastructure Investment and Construction Forum
The 9th International Infrastructure Investment and Construction Forum (IIICF) will take place in Macao on June 7 and 8. The past eight editions of the IIICF have facilitated the signing of a total of 54 co-operation agreements (contracts), part of which are already in implementation. Macao companies which have participated in the IIICF for several years consider IIICF an important platform for exploring business opportunities for its professionalism, good reputation and remarkable efficacy. Some enterprises express that their participation in the IIICF have helped them to upgrade and transform, and to better position themselves to articulate with global infrastructure development.
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Regranting or new bidding on former Pearl Horizon plot not legally possible
The Government indicates that suggestions for either a regranting or new bidding process for the rights to the land plot formerly assigned to the Pearl Horizon project is not possible under the public interest provisions stipulated in the Land Law.
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Macao SAR's “Aa3” Credit Ratings Reflect the Government's Strong Fiscal Position
Moody’s Investors Service, an international credit rating agency, disseminated the annual credit analysis of Macao SAR and the relevant press release today (5 June), which comments that Macao SAR’s long-term issuer ratings at “Aa3” with a “stable” rating outlook are underpinned by the Government’s fiscal surpluses and absence of debt.
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