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14 May 2020

Adelson ‘gives up’ on Japan casino project
US gaming mogul Sheldon Adelson’s Las Vegas Sands has given up on its US$10 billion casino project in Japan, objecting the terms of Japan’s casino legislation.

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14 May 2020

Mozambique´s economy to contract 2.4% in 2020 due to pandemic
With the coronavirus pandemic weighing on economic activity, the Economist Intelligence Unit (EIU) now expects the economy of Mozambique to contract by 2.4% in 2020. According to the EIU, the economy will pick up in 2021, growing by 2% as the agriculture sector rebounds.

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13 May 2020

Portuguese Port of Sines delays new EUR 600 million terminal project for 1 year 
The bid for the construction of the new Vasco da Gama terminal at Portugal´s Port of Sines has been delayed until April 2021, according to the administration. In the meantime, Sines is moving ahead with the expansion of the existing terminal, operated by PSA Singapore, and wants to created an agro-industry hub for agricultural companies from Brazil. 

Portuguese-Chinese Chamber of Commerce and Industry rejects new association for SMEs
The Portuguese-Chinese Chamber of Commerce and Industry (CCILC) has loudly rejected a new Portugal-China trade association focused on small and medium-size enterprises (CCPC-PME). In a statement, CCILC calls the new association "untransparent".

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12 May 2020

Angola to receive 380 tons of biosafety equipment from China
To assist in the fight against the Covid-19 pandemic, the Ministry of Health of Angola received on Monday the first of five cargos from China that will bring a total of 380 tons of biosafety materials, including such as medical ventilators, infrared thermometers and masks.

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12 May 2020

Chinese Companies in Cape Verde Contribute to Health Emergency Fund
The local Association of Chinese Companies donated on Monday 6.5 million escudos (EUR 59 thousand) to the country, which will be channeled to the National Emergency Fund to fight the new coronavirus pandemic. The local government has praised Chinese support, from companies and the State.

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11 May 2020

Business Opportunities: Cabo Verde
Tenders for new infrastructure projects in Cabo Verde have been opened by the Government and municipalities.

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11 May 2020

UN´s Economic Commission for Africa Proposes 7 Lockdow Exit Strategies
The United Nations Economic Commission for Africa (ECA) estimates that a one-month full lockdown across Africa would cost the continent about 2.5 per cent of its annual GDP, equivalent to about USD 65.7 billion per month. With the costs of the Covid-19 lockdown mounting, the ECA is now proposing 7 Lockdow Exit Strategies for African Countries that that "provide sustainable, albeit reduced, economic activity".

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11 May 2020

PortugalFoods Launches “Virtual Missions” to Taiwan, Singapore, Hong Kong and South Korea
With travel restrictions related to Covid-19 putting trade missions on hold, PortugalFoods, the "umbrella" brand of the Portuguese agrofood sector, is organizing "virtual missions", starting with Taiwan, Singapore, Hong Kong and South Korea.

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11 May 2020

New Portugal-China Chamber of Commerce for SMEs
Adding to the Luso-Chinese Chamber of Commerce and Industry (CCILC), created in 1978, that represents the biggest companies and banks, a new chamber of commerce for small and medium-size enterprises (SMEs) of the two countries has now been created.
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