News

Gross National Income (GNI) refers to the total income earned by residents (including individuals and institutions) of an economy from engaging in various economic activities within or outside the economy, corresponding to Gross Domestic Product (GDP) plus total inflow of external factor income (income earned by residents from abroad), minus total outflow of external factor income (income earned by non-residents in Macao).
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Information from the Statistics and Census Service (DSEC) indicated that visitor arrivals surged by 144.1% month-on-month to 801,300 in November 2021 attributable to the hosting of tourism events such as the Grand Prix and the Food Festival in Macao; the figure also represented a growth of 25.9% year-on-year. Number of same-day visitors (513,887) rose by 64.4% year-on-year while that of overnight visitors (287,413) fell by 11.2%. Meanwhile, the average length of stay of visitors went down by 0.4 day year-on-year to 1.3 days on account of an uplift of 15.0 percentage points in the proportion of same-day visitors (64.1%). The duration for overnight visitors extended by 0.3 day year-on-year to 3.4 days whereas that of same-day visitors remained at 0.1 day.
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The CCAC has released the “Comprehensive Investigation Report on the Granting of Subsidy for School Development Plan by the Education Development Fund”, where it points out that different loopholes were found in the rules and regulations of the “School Development Plan” Subsidy Application under the Education Development Fund (hereinafter referred to as “the FDE”). In the phases of analysis of subsidy granting, vetting and approval, issuance of subsidy and supervision, there was a certain degree of vagueness over the knowledge and acts of the FDE which gave rise to many irregular situations that were foreseeable or preventable. Even after some of the problems were revealed in the audit report in 2015, the improvement work of the FDE still did not appear to be holistic and satisfactorily done. The supervision work carried out by the FDE was in a careless manner and was merely a formality. The FDE, which tacitly permitted the schools to manage and “reallocate” their subsidies, affected the management and supervision of the use of public money. Moreover, its failure to take initiative to follow up the implementation of the regime of the concurrent receiving of financial support involved administrative impropriety. When it came to the implementation of the statutory refund mechanism, obviously, there was even administrative illegality.
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The Global Centre of Tourism Education and Training of the Macao Institute for Tourism Studies, in collaboration with United Nations World Tourism Organisation, held its second training programme this year on 6, 7 and 9 Dec 2021, which comprised three webinars based on the theme of “Solutions for Sustainable Tourism Development and Destination Branding in Times of Crisis and Beyond”. This online training programme focused on Sustainable Tourism Development, Strategic/Destination Marketing and Destination Branding.
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President Xi Jinping today said the Central Government fully affirmed the work done by the Macao Special Administrative Region (MSAR) Government, led by the Chief Executive, Mr Ho Iat Seng.
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Health quarantine requirements and measures for inbound travellers of different identities.
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The Premier of the State Council, Mr Li Keqiang, spoke highly today of the work of the Macao Special Administrative Region (MSAR) Government in facilitating economic recovery, while also maintaining COVID-19 prevention and control work.
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Information from the Statistics and Census Service (DSEC) indicated that the Composite CPI for November 2021 (103.06) rose by 1.21% year-on-year. The increment was attributed to dearer prices of gasoline and liquefied petroleum gas, higher charges for eating out, as well as increasing airfares and wages of domestic helpers; however, the rise was partially offset by lower rentals for dwellings and retreating prices of pork. Among the various sections of goods and services, price indices of Transport and Household Furnishings & Services surged by 8.59% and 6.67% year-on-year respectively, whereas the indices of Communication and Recreation & Culture fell by 2.01% and 1.40%. The CPI-A (103.00) and CPI-B (103.14) saw respective increases of 1.04% and 1.43% year-on-year.
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