The Philippines, an archipelago of more than 7,000 islands on the Pacific typhoon belt, is plagued by poor sea transport, with badly regulated boats and ships providing the backbone for the system prone to overcrowding and accidents.
The SAR government said there will be 600 permits available for owners of Macao-registered private vehicles. Each permit is valid for one year and offers unlimited access to use the HKZM Bridge to travel to Hong Kong and back.
The SFC chief said he is confident about Hong Kong's future prospects with the influx of capital from the Chinese mainland, as well as Western countries.
The SAR Executive Council is an official body designed to assist the SAR chief executive in decision-making procedure. Chief executive shall consult the Executive Council before taking important decisions.
The Political Bureau meeting said China's economy is facing "new risks and challenges" and the country will continue to carry out supply-side structural reform, boost domestic consumption, further open up the economy and stabilize foreign trade and employment.
The People's Bank of China's headquarter in Beijing, on Aug 3, 2018. [Photo/IC]
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The Senate is now expected to rewrite that measure, pass it and send it back for House approval before Thursday's funding deadline - provided there are no efforts to slow the process in the Senate.
The People's Bank of China restarted open market operations after a 15-day pause, adding 100 billion yuan through 14-day reverse repurchases in the banking system, at an interest rate of 2.65 percent, it reported in a statement.
The Pearl River runs through Guangdong, Yunnan, Guizhou, Hainan, Fujian, Jiangxi, Fujian and Hunan provinces as well as the Guangxi Zhuang autonomous region, Hong Kong and Macao.
The Qianhai and Shekou area in Shenzhen has become an experimental window to the world for China's financial reforms, breaking ground in five key cross-border financial products - asset transfers, renminbi loans, bonds, capital pools and equity investment.