Tag Archives: Macau

China: News from Macau’s “Wealth Partaking Scheme”

José Pereira Coutinho. Credit to: Macau Daily Times.   In the Legislative Assembly (AL) elections for The New Hope (Nova Esperança), a political party from Macau, candidacy is headed by lawmaker José Pereira Coutinho. He is urging for the redistribution of the second share of the Wealth Parking Scheme, as reported on by BIEN in late July, by the end

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Wealth Partaking Scheme: Macau’s small UBI

Macau City   The government of the Macau Special Administrative Region (SAR) in China has announced the “Wealth Partaking Scheme 2017” (WPS), under which local permanent residents are entitled to receive a small annual unconditional basic income of 9,000 patacas [US $1,128 (1)] and non-permanent residents 5,400 patacas [US $672]. With the Administrative Regulation No. 18/2017, the scheme came into

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MACAU: Government Distributes Temporary Basic Income

Macau, the former Portuguese possession, now a semi-autonomous region of China, is in the process of distributing a temporary Basic Income of more than $1000 to all residents. According to a government press release dated 1 July, 2014, “In order to share the fruits of economic development with the general public, the Macao SAR government had announced the Wealth Partaking

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