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Stanley Ho, the Godfather who created the largest gambling empire in Asia, has died at the age of 98. The billionaire turned the former Portuguese protectorate of Macau into the world’s second [...]

A new Government-owned national development bank is to be created by merging IFD (Instituição Financeira de Desenvolvimento) and PME Investment into SPGM. It will mean the creation of a new bank [...]

Home sales in both Lisbon and the Algarve remained above the national average but fell by 2.1% and 0.9% respectively for March. According to the National Statistics Institute (INE), around six [...]

The insurance company Fidelidade has purchased €1.4 million worth of BCP perpetual bonds. The bank communicated the information to the market about Fidelidade’s acquisition of its perpetual long [...]

The Portuguese Automobile Association (ACAP) says that despite the car sales market reopening, the public are showing little interest in buying new cars. Car sales in the Portuguese car retail [...]

Details – Hotels and Resorts, the new operator of the Vale da Lapa resort formerly owned by Oitante, says it will inject a €2 million investment package into the project in order to make [...]

The tourism and tourism-related property development sectors in Portugal have been hard hit by the Covid-19 crisis, but there is room for cautious optimism providing the government opens up the [...]

The President of Portugal’s Novo Banco, António Ramalho, has hit back after the leader of the opposition party PSD said that the hundreds of millions poured into the bank through a Resolution [...]

The ratings agency Standard & Poor’s have cut the rating of Portugal’s national airline TAP to the sixth level of ‘junk’ status. Standard & Poor’s have cut the financial rating of six [...]

Portugal’s public debt soared to just over 120% of GDP in March. In the first month of the pandemic, the weight of public debt on the economy once again increased (putting pay to the downward [...]