Macao gov't highly concerned about inflation issues
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The government of Macao Special Administrative Region (SAR) is highly concerned about the rising inflation rate, and will adopt measures to tackle the issues, Chui Sai On, chief executive of Macao, said on Monday.
The SAR government has already considered available policy options in tackling the inflation issues and is well-prepared to meet the challenge, said Chui, when addressing the local media before boarding a flight to Shanghai at the Macao International Airport on Monday.
As scheduled, Chui led a delegation of local officials and dignitaries from local communities to visit the 2010 Shanghai Expo on Monday, where Macao has established its pavilion.
According to figures from Macao's Statistics and Census Bureau (DSEC), the inflation in Macao hit 2.56 percent in April this year, with the prices of food and traffic registering major increases.
The inflation rate remained stable at the end of last year, as that for December 2009 stood at as low as 0.75 percent, but the inflation ran at over 2.5 percent respectively in February and April this year, according to the DSEC.
Once the inflation rate reaches 3 percent, the SAR government will adopt a series of specific measures to tackle the inflation issues, in a bid to ensure the life quality of the local residents, especially the disadvantaged group, Chui said.
Meanwhile, Chui noted that the government will promote the healthy development of local property market through measures such as increasing land supply, building more public residential units, etc.
