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According to the monitoring data of Gamma Radiation recorded for the past 24 hours (20th April 10:01 till 21st April 10:00) by the Taipa Grande Station of the Macao Meteorological Bureau, the Gamma-ray absorbed dose rate per minute ranges between 0.1178 and 0.1283μGy/h (micro Gray / hour) which is far more below the warning level of 0.35μGy/h. The Macao Meteorological Bureau will continue to pay close attention to the radiation level in Macao. If any abnormalities being discovered, we will release related message to the public immediately and inform relevant government departments to adopt relative contingency measures.
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The Government would introduce two measures to increase costs of residential property transactions in a bid to curb speculation, the Chief Executive, Mr Chui Sai On, said today. Attending a question-and-answer session of the Legislative Assembly, Mr Chui said the Government planned to introduce a special stamp duty for short-term property transactions: Sellers of residential properties (completed or uncompleted) within the a year of purchase will be levied 20 per cent of the transaction price, while the levy for transaction in the second year after purchase would be 10 per cent. He said the Government would soon submit a bill to the Assembly to introduce the special stamp duty. The Government would also tighten the mortgage ratio for uncompleted residential units: the maximum loan-to-value (LTV) ratio for equitable mortgage loans granted to Macao residents and non-Macao residents should not exceed 70 per cent and 50 per cent respectively. The Monetary Authority of Macao would issue guidelines to financial institutions, he said. These two measures would raise the cost of speculation in the property market and strengthen risk management of mortgages for uncompleted residential units, he said. The Government would further regulate the transactions of uncompleted residential units by legislation to protect the rights of buyers and the healthy development of the property market. Speaking on the construction of public housing, he re-iterated that the Government would build 19,000 units as announced previously, and would make necessary decisions after the completion of these units. He said two lots originally planned to be sold by auction were now reserved for public housing. The tender procedures of the planned public housing construction will begin by June, he said.
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The Government will give another 3,000 patacas to every permanent resident and 1,800 patacas to every non-permanent resident in the latest effort to help alleviate the pressure the people faced with inflation. Attending a question-and-answer session of the Legislative Assembly today, Chief Executive, Mr Chui Sai On, said the Government was very concerned with the livelihood of the residents and the pressure they faced with inflation brought on by external factors which Macao had limited options in tackling. Mr Chui explained that the decision for the second round of payment was made after very thorough consideration, taking into account inflation, public opinion, and the surplus in the treasury account. After discussion in the Executive Council, the Government would submit a cash subsidy bill to the Legislative Assembly for the 1.7 billion patacas the latest move would cost. The Government had announced in November last year that permanent residents would be given 4,000 patacas and non-permanent residents 2,400 patacas each. It is estimated that this round of distribution would increase the inflation rate by 0.45 per cent for a short period of time, he said. Mr Chui said the Government would also encourage enterprises to increase wages, while the administration would help solve housing problems of the middle-class, encourage life-long education, establish profession accreditation systems, study further reduction of personal income tax and facilitate the retirement and pension system, he said. The Government would also proactively expand import channels of food, ensure supply and encourage competition to maintain a stable food market.
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With the aim of promoting stability in the long-term development of residential mortgage lending business, the Monetary Authority of Macao (“AMCM”) has implemented since December 2010 the “Guideline on Residential Mortgage Loans”, under which the basic principles and standards for residential mortgage lending, such as loan-to-value (LTV) ratio, debt-servicing ratio, maximum loan maturity and the relevant risk management processes are established, and this guideline is also applicable to equitable mortgage loans on residential properties under construction Taking into account the recent growth of equitable mortgage loans, the increasing supply of uncompleted residential units in the near future and the higher risks associated with such loans than those of ordinary residential mortgages, after consultation with the Macao Association of Banks, the AMCM promulgated further supervisory measures for equitable mortgage loans granted for the purchase of residential properties under construction. That is, regardless of the value of properties, the maximum LTV ratio for equitable mortgage loans granted to Macao residents and non-Macao residents should not exceed 70% and 50% respectively. These tightening measures will come into effect on 21 April 2011and should be applied to all applications under review.
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According to the monitoring data of Gamma Radiation recorded for the past 24 hours (19th April 16:01 till 20th April 16:00) by the Taipa Grande Station of the Macao Meteorological Bureau, the Gamma-ray absorbed dose rate per minute ranges between 0.1160 and 0.1300μGy/h (micro Gray / hour) which is far more below the warning level of 0.35μGy/h. The Macao Meteorological Bureau will continue to pay close attention to the radiation level in Macao. If any abnormalities being discovered, we will release related message to the public immediately and inform relevant government departments to adopt relative contingency measures.
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According to the monitoring data of Gamma Radiation recorded for the past 24 hours (19th April 10:01 till 20th April 10:00) by the Taipa Grande Station of the Macao Meteorological Bureau, the Gamma-ray absorbed dose rate per minute ranges between 0.1160 and 0.1300μGy/h (micro Gray / hour) which is far more below the warning level of 0.35μGy/h. The Macao Meteorological Bureau will continue to pay close attention to the radiation level in Macao. If any abnormalities being discovered, we will release related message to the public immediately and inform relevant government departments to adopt relative contingency measures.
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According to the monitoring data of Gamma Radiation recorded for the past 24 hours (18th April 16:01 till 19th April 16:00) by the Taipa Grande Station of the Macao Meteorological Bureau, the Gamma-ray absorbed dose rate per minute ranges between 0.1178 and 0.1309μGy/h (micro Gray / hour) which is far more below the warning level of 0.35μGy/h. The Macao Meteorological Bureau will continue to pay close attention to the radiation level in Macao. If any abnormalities being discovered, we will release related message to the public immediately and inform relevant government departments to adopt relative contingency measures.
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According to the monitoring data of Gamma Radiation recorded for the past 24 hours (18th April 10:01 till 19th April 10:00) by the Taipa Grande Station of the Macao Meteorological Bureau, the Gamma-ray absorbed dose rate per minute ranges between 0.1195 and 0.1309μGy/h (micro Gray / hour) which is far more below the warning level of 0.35μGy/h. The Macao Meteorological Bureau will continue to pay close attention to the radiation level in Macao. If any abnormalities being discovered, we will release related message to the public immediately and inform relevant government departments to adopt relative contingency measures.
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(Macao – 18 April 2011) The Chief Executive, Mr Chui Sai On, today led a delegation to Guangzhou for a meeting with the Secretary of Guangdong Provincial Party Committee, Mr Wang Yang, to discuss taxation issues and hierarchical management regarding the joint development of Hengqin Island as provisioned in the Framework Agreement on Cooperation Between Guangdong and Macao. This is the second meeting between the two sides since the signing of the Framework Agreement last month. Mr Wang said today's meeting was intended to flesh out the implementation of the Framework Agreement and to prepare for tomorrow's joint conference between Guangdong and Macao. Talking to reporters after the meeting, Mr Chui said Guangdong and Macao were striving to lay down details about hierarchical management in the Macao-Hengqin boundary checkpoint, which is essential to the future development of Hengqin Island. When asked about the potential problems of smuggling and tax evation, he said the Guangdong and Macao authorities would join hands in fighting and preventing these kinds of illegal activities. Mr Chui said the Macao government had already asked the central government to give preferential tax treatment to Macao citizens working or living in Hengqin. Regarding the development of the Guangdong-Macao industrial zone, Mr Chui said the Executive Council had approved the establishment of a company to take charge of the issue. At a later date Guangdong and Macao will jointly set up a firm to develop and run the industrial zone, according to Mr Chui. He pointed out that the industrial zone would offer many co-operation projects in the future apart from the Chinese Medicine Industrial Park and he pledged that the government would facilitate Macao people's participation in the development of Hengqin. The government will also help local small- and medium-sized enterprises to seize opportunities in the development of Hengqin, Mr Chui added. The Secretary of Economy and Finance will give media briefings about each stage of the development in Hengqin in future to keep Macao people informed of the opportunities there.
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Comprising business tourism officials from Macau Business Tourism Centre (MBTC) of MGTO and Macau trade representatives from hotels and resorts, convention and exhibition venues, Destination Management Companies (DMCs), event management companies, entertainment suppliers and tour operators, a 32-strong Macau delegation participated in “The 5th Incentive Travel & Conventions Meetings (IT&CM China)”, held at Shanghai Mart Expo from 13 to 15 April. IT&CM China is an annual event which provides a platform for international and leading Chinese players in the business tourism industry to explore exciting business opportunities, generate new sales leads and strengthen existing business partnerships. It was anticipated that some 10,000 business appointments between 253 international and Chinese business tourism suppliers and 344 international and Chinese buyers were conducted this year. Macau is a fast emerging business tourism destination in Asia in recent years. In order to strengthen the development of the business tourism industry and provide timely opportunities for the local trade to network and to do business with their counterparts from Shanghai, as well as the rest of China and the world, participation in IT&CM China could not be better for the facilitation of such kind of communication and regional development. This year, MBTC had a total of 29 pre-scheduled appointments, while on-site inquiries from event planners and incentive travel operators were also demanding according to feedback of the Macau trade. Taking opportunity of IT&CM China, MBTC invited a total of 150 hosted buyers and Macau trade to a networking cocktail at the Macau booth on 14 April, which successfully generated vast attention from the show floor.
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