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Since the law on "Prohibition of Providing Illegal Accommodation" took effect on August 13, a total of 395 premises were checked, of which 55 were normal residences, while 47 premises suspected to provide accommodation illegally were sealed. Ensuing investigations on the rest of the premises have been launched. Among the checked premises, some were vacant or unoccupied. Macau Government Tourist Office (MGTO) and the Public Security Police Force (PSP) will continue investigation on unanswered doors, which are suspected to be used to provide accommodation illegally. Meanwhile, during investigations to other cases, PSP has found three premises suspected to provide accommodation illegally and informed the Cross-departmental Working Team to handle the cases. To date, the operations involved more than 388 occupants, among whom 220 were occupants of premises suspected to provide accommodation illegally and were investigated, including 9 operators, 7 touts, 6 persons who manage the premises that provide accommodation illegally (management staff) and two occupants who failed to fulfill their duty of cooperation. Among the occupants, there were 7 overstayers and 5 illegal immigrants. To help the investigations, when necessary, MGTO can request a judicial order to enter into the suspect premises to investigate. Following the raid to premises suspected to provide accommodation illegally, MGTO began sanction proceedings on involved operators, touts and managing staff, and adopted provisional measures to cut the supply of water and electricity to the concerned premises and sealed the doors. According to the new law, operators and person who manage the premise that provide accommodation illegally (management staff) incur a penalty up to 800 000 patacas, touts can be fined up to 100 000 patacas and occupants who fail to cooperate are fined 3 000 patacas. Public can also call 2833 3000 to report suspected premises. MGTO and Legal Affairs Bureau remind travelers that, according to the law on "Prohibition of Providing Illegal Accommodation", occupants found in premises suspected to provide accommodation illegally have the obligation to provide information or will be fined 3,000 patacas for violating the duty of cooperation. Occupants providing false information need to bear criminal responsibility. Non-residents who fail to pay the fine by due date might be denied reentry into Macau in the future.
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According to statistics released today by the Monetary Authority of Macao, new SME lending approved by Macao banks increased in the first half of 2010. Concurrently, the utilisation of SME credit in proportion to the credit limit approved by banks continued to decline. New Lending Approved In the first half of 2010, new SME credit limit approved by Macao banks totalled MOP10.3 billion, 16.7% up on the second half of 2009 or 67.7% up on the same period last year. The collateralised ratio, which indicates the proportion of credit limit with tangible assets pledged, was 36.3%, down significantly by 28.1 percentage points when compared with the second half of 2009 or down by 3.1 percentage points when compared with the same period of the preceding year. Credit Utilisation As at end-June 2010, the outstanding value of total SME loans reached MOP22.5 billion, which represented a growth of 8.7% from end-December 2009 or 14.9% from a year earlier. When compared with end-December 2009, SME loans to sectors of “manufacturing”, “transport, warehouse and communications” and “restaurants, hotels and similar activities” increased at respective rates of 23.4%, 5.6% and 1.2%, whereas those to “construction and public works” and “wholesale and retail trade” dropped 6.5% and 3.4% respectively. These sectors accounted for 73.0% of the total SME loans outstanding. The utilisation rate, defined as the proportion of outstanding credit balance to the credit limit granted, declined 7.3 percentage points from six months ago to 53.3% . Delinquent Loans At the end of June 2010, the outstanding balance of delinquent SME loans decreased 5.2% from six months ago to MOP483.4 million. Compared to a year ago, the balance grew by 11.6%. The delinquency ratio, a ratio of delinquent loans outstanding balance to total SME loans outstanding, dropped 0.32 percentage points from end-December 2009 or 0.06 percentage points from a year earlier to 2.15%.
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The Cross-departmental Working Team checked 2 premises from yesterday 5 p.m. until 5p.m. today (September 1). Since the law on "Prohibition of Providing Illegal Accommodation" took effect on August 13, a total of 385 premises were checked, of which 52 were normal residences, while 47 premises suspected to provide accommodation illegally were sealed. Ensuing investigations on the rest of the premises have been launched. Among the checked premises, some were vacant or unoccupied. Macau Government Tourist Office (MGTO) and the Public Security Police Force (PSP) will continue investigation on unanswered doors, which are suspected to be used to provide accommodation illegally. Meanwhile, during investigations to other cases, PSP has found three premises suspected to provide accommodation illegally and informed the Cross-departmental Working Team to handle the cases. To date, the operations involved more than 383 occupants, among whom 220 were occupants of premises suspected to provide accommodation illegally and were investigated, including 9 operators, 6 touts, 6 persons who manage the premises that provide accommodation illegally (management staff) and two occupants who failed to fulfill their duty of cooperation. Among the occupants, there were 7 overstayers and 5 illegal immigrants. To help the investigations, when necessary, MGTO can request a judicial order to enter into the suspect premises to investigate. Following the raid to premises suspected to provide accommodation illegally, MGTO began sanction proceedings on involved operators, touts and managing staff, and adopted provisional measures to cut the supply of water and electricity to the concerned premises and sealed the doors. According to the new law, operators and person who manage the premise that provide accommodation illegally (management staff) incur a penalty up to 800 000 patacas, touts can be fined up to 100 000 patacas and occupants who fail to cooperate are fined 3 000 patacas. Public can also call 2833 3000 to report suspected premises. MGTO and Legal Affairs Bureau remind travelers that, according to the law on "Prohibition of Providing Illegal Accommodation", occupants found in premises suspected to provide accommodation illegally have the obligation to provide information or will be fined 3,000 patacas for violating the duty of cooperation. Occupants providing false information need to bear criminal responsibility. Non-residents who fail to pay the fine by due date might be denied reentry into Macau in the future.
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The Chief Executive, Mr Chui Sai On, left for Jilin today to attend the 6th China Jiling- Northeast Asia Investment and Trade Expo. Mr Chui told the media at Macao International Airport before his departure that aside from attending the Expo, he would also attend a Macao promotional event. He said this kind of promotional events had been held in Beijing, Shanghai, Shengzhou and other cities and they had a significant effect in promoting Macao commodities. Mr Chui said that this visit would enable him to promote Macao commodities to the northeast region as well as to the international market.
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According to statistics released today by the Monetary Authority of Macao, on an annual basis, new approvals of mortgage lending continued to increase notably in the second quarter. On outstanding balance, residential mortgage loans (RMLs) rose at a faster pace than commercial real estate loans (CRELs). New Lending Approved For the second quarter of 2010, new RMLs approved by Macao banks increased by 21.7% quarter-to-quarter to MOP8.5 billion; of which, 92.7% was extended to residents. In terms of approved value, new RMLs to residents and to non-residents rose 21.3% and 26.5% respectively. When compared with the same period last year, new approvals of RMLs increased markedly by 115.2%. After falling 16.0% in the previous quarter, new CRELs approved increased by 55.3% quarter-to-quarter to MOP8.3 billion; of which, 85.9% was granted to residents. In terms of approved value, new CRELs to residents and to non-residents rose by 40.4% and 337.2% respectively. On an annual basis, new approvals of CRELs surged by 231.4%. Outstanding Balances As at end-June 2010, the outstanding value of RMLs reached MOP54.2 billion, an increase of 11.9% from three months earlier or 47.3% from a year ago. The resident component made up 88.9% of the total. Outstanding RMLs to residents and to non-residents grew by 13.5% and 0.3% respectively during the second quarter of 2010. Concurrently, the outstanding value of CRELs rose 3.6% from end-March 2010 or 14.6% from end-June 2009 to MOP40.7 billion. Residents accounted for 86.2% of the loans. Outstanding CRELs to residents rose 5.5% whereas those to non-residents fell 6.9% in the second quarter of 2010. Delinquency Ratios At the end of June 2010, the delinquency ratio for RMLs stood at 0.13%, down 0.02 percentage points from three months earlier or 0.10 percentage points from a year ago. The ratio for CRELs went up 0.05 percentage points from end-March 2010 but down 0.12 percentage points from end-June 2009, to 0.39%.
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The Cross-departmental Working Team checked 2 premises from yesterday 5 p.m. until 5p.m. today (August 31). One premise suspected to provide accommodation illegally was sealed and 4 illegal immigrants were found at the premise. Since the law on "Prohibition of Providing Illegal Accommodation" took effect on August 13, a total of 376 premises were checked, of which 47 were normal residences, while 45 premises suspected to provide accommodation illegally were sealed. Ensuing investigations on the rest of the premises have been launched. Among the checked premises, some were vacant or unoccupied. Macau Government Tourist Office (MGTO) and the Public Security Police Force (PSP) will continue investigation on unanswered doors, which are suspected to be used to provide accommodation illegally. Meanwhile, during investigations to other cases, PSP has found three premises suspected to provide accommodation illegally and informed the Cross-departmental Working Team to handle the cases. To date, the operations involved more than 369 occupants, among whom 214 were occupants of premises suspected to provide accommodation illegally and were investigated, including 9 operators, 6 touts, 6 persons who manage the premises that provide accommodation illegally (management staff) and two occupants who failed to fulfill their duty of cooperation. Among the occupants, there were 7 overstayers and 5 illegal immigrants. To help the investigations, when necessary, MGTO can request a judicial order to enter into the suspect premises to investigate. Following the raid to premises suspected to provide accommodation illegally, MGTO began sanction proceedings on involved operators, touts and managing staff, and adopted provisional measures to cut the supply of water and electricity to the concerned premises and sealed the doors. According to the new law, operators and person who manage the premise that provide accommodation illegally (management staff) incur a penalty up to 800 000 patacas, touts can be fined up to 100 000 patacas and occupants who fail to cooperate are fined 3 000 patacas. Public can also call 2833 3000 to report suspected premises. MGTO and Legal Affairs Bureau remind travelers that, according to the law on "Prohibition of Providing Illegal Accommodation", occupants found in premises suspected to provide accommodation illegally have the obligation to provide information or will be fined 3,000 patacas for violating the duty of cooperation. Occupants providing false information need to bear criminal responsibility. Non-residents who fail to pay the fine by due date might be denied reentry into Macau in the future.
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The Government would spare no efforts to support the cultural and creative industries, the Chief Executive, Mr Chui Sai On, said today. Speaking to the members of the Cultural Industry Council before its first plenary meeting, Mr Chui said cultivating new industries to optimise industrial portfolio is the focal point to Government’s public policies. The Government had established the Council and a designated department to co-ordinate the development of cultural and creative industries, he said. He urged the Council to provide opinions over the development of cultural and creative industries, especially in areas of laws, regulations, policies and regional co-operation.
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The Chief Executive, Mr Chui Sai On, is to lead an official delegation to Jilin Province tomorrow to attend the 6th China Jilin – Northeast Asia Investment and Trade Expo. Soon after his arrival in Changchun, Mr Chui is scheduled to meet the Secretary of the Jilin CPC Provincial Committee, Mr Sun Zhengcai, and attend a welcome reception for guests of the trade expo. On Thursday, Mr Chui will attend the opening ceremony of the trade event and officiate at the opening of a Macao goods pavilion and a trade and tourism promotion event. He is scheduled to return to Macao on the same day, after visiting several attractions. Members of Macao’s delegation include the Secretary for Economy and Finance, Mr Tam Pak Yuen, and senior officials from the Office of the Chief Executive and information, economy, trade promotion and tourism departments. The Deputy Director of the Liaison Office of the Central People's Government in the Macao SAR, Ms Gao Yan, will be with Mr Chui’s delegation during the event. The Secretary for Administration and Justice, Ms Florinda Chan, will be Acting Chief Executive while Mr Chui is away.
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Information from the Statistics and Census Service (DSEC) indicated that the value of total merchandise export for July 2010 decreased by 3.4% year-on-year to MOP609 million, with value of domestic exports falling by 2.8% to MOP249 million and that of re-exports dropping by 3.9% to MOP361 million. The value of total merchandise import amounted to MOP3.83 billion, up by 19.4% year-on-year. A trade deficit of MOP3.22 billion was recorded for July 2010. In the first seven months of 2010, total value of merchandise export fell by 6.5% year-on-year to MOP4.23 billion, of which the value of domestic exports declined by 29.2%, but that of re-exports expanded by 10.4%; meanwhile, total value of merchandise import grew by 20.5% to MOP24.29 billion. The trade deficit from January to July 2010 widened by 28.4% year-on-year to MOP20.05 billion; the exports/imports ratio went down by 5.1 percentage points year-on-year to 17.4%. Analyzed by destination of exports, value of merchandise export to Hong Kong (MOP1.85 billion) and Mainland China (MOP680 million) in the first seven months of 2010 increased by 15.1% and 0.3% respectively year-on-year, while that to the USA (MOP500 million) and the EU (MOP248 million) decreased substantially by 45.2% and 42.9% respectively. Exports of Textile & garment amounted to MOP964 million, down by 43.5% year-on-year to account for 22.8% of the total merchandise export; however, value of Non-textile exports (MOP3.27 billion) grew by 15.8%, with that of Copper & articles thereof and Clocks & watches rising notably by 88.9% and 70.4% respectively. Regarding the country of origin of imported goods, in the first seven months of 2010, value of merchandise import from Mainland China (MOP7.51 billion) and the EU (MOP5.30 billion) expanded by 19.9% and 24.4% respectively year-on-year. The value of imports of Consumer goods rose by 40.1% year-on-year, with that of Motor cars & motorcycles growing significantly by 109.0%; nevertheless, the value of imports of Capital goods and Raw materials & semi-manufactures fell by 11.1% and 1.3% respectively. From January to July 2010, total value of merchandise import and export amounted to MOP28.52 billion, up by 15.6% compared with MOP24.68 billion in the first seven months of 2009.
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The Cross-departmental Working Team checked 12 premises from yesterday 5 p.m. until 5p.m. today (August 30). Since the law on "Prohibition of Providing Illegal Accommodation" took effect on August 13, a total of 369 premises were checked, of which 46 were normal residences, while 43 premises suspected to provide accommodation illegally were sealed. Ensuing investigations on the rest of the premises have been launched. Among the checked premises, some were vacant or unoccupied. Macau Government Tourist Office (MGTO) and the Public Security Police Force will continue investigation on unanswered doors which are suspected to be used to provide accommodation illegally. When necessary, MGTO can request a judicial order to enter into the suspect premises to investigate. To date, the operations involved more than 369 occupants, among whom 205 were occupants of premises suspected to provide accommodation illegally and were investigated, including 9 operators, 6 touts, 6 persons who manage the premises that provide accommodation illegally (management staff) and two occupants who failed to fulfill their duty of cooperation. Among the occupants, there were five overstayers and one illegal immigrant. Following the raid to premises suspected to provide accommodation illegally, MGTO began sanction proceedings on involved operators, touts and managing staff, and adopted provisional measures to cut the supply of water and electricity to the concerned premises and sealed the doors. According to the new law, operators and person who manage the premise that provide accommodation illegally (management staff) incur a penalty up to 800 000 patacas, touts can be fined up to 100 000 patacas and occupants who fail to cooperate are fined 3 000 patacas. Public can also call 2833 3000 to report suspected premises. MGTO and Legal Affairs Bureau remind travelers that, according to the law on "Prohibition of Providing Illegal Accommodation", occupants found in premises suspected to provide accommodation illegally have the obligation to provide information or will be fined 3,000 patacas for violating the duty of cooperation. Occupants providing false information need to bear criminal responsibility. Non-residents who fail to pay the fine by due date might be denied reentry into Macau in the future.
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