News

The video exhibition “‘FICTION NON FICTION’ Reassembling 24 frames of reality through non narrative film works”, organized by the Cultural Affairs Bureau, was inaugurated on the evening of 28 October at No. 11, Travessa da Paixão. The opening ceremony was officiated by the Vice President of the Cultural Affairs Bureau, Chan Kai Chon; the exhibition curator Elysa Wendi; the participating artists Lao Keng U (Macao) and Liao Jiekai (Singapore); and the exhibition coordinator Lam Kin Kuan.
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Information from the Statistics and Census Service (DSEC) indicated that total merchandise export for September 2019 amounted to MOP1.02 billion, up by 9.2% year-on-year. Value of re-exports (MOP883 million) increased by 8.3%, with that of Wine, Electronic components and Articles for casino soaring by 125.3%, 62.6% and 42.2% respectively. Value of domestic exports (MOP138 million) grew by 15.3%, with that of Garments surging by 785.5%. Total merchandise import edged down by 0.1% year-on-year to MOP7.55 billion, of which imports of Motor cars & motorcycles, Mobile phones and Gold jewellery dropped by 25.2%, 17.6% and 7.8% respectively; meanwhile, imports of Construction materials, Handbags & wallets and Beauty, cosmetic & skin-care products increased by 47.8%, 37.3% and 26.7% respectively. Merchandise trade deficit in September totalled MOP6.53 billion.
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Information from the Statistics and Census Service (DSEC) indicated that visitors on package tours continued to decrease in September 2019, recording a 35.7% decline year-on-year to 448,000. Apart from an increase in package tour visitors from Malaysia (4,300), all other countries/places registered decreases, with those from mainland China (323,000), the Republic of Korea (32,000), Hong Kong (6,600) and Taiwan (58,000) dropping by 39.8%, 37.6%, 29.9% and 3.0% respectively. In the first three quarters of 2019, number of package tour visitors totalled 6,797,000, and the growth contracted to 4.5% year-on-year.
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The Monetary Authority of Macao (AMCM) lowered the Base Rate of the Discount Window today (31 October 2019) by 25 basis points to 2.0%, which was the third time for the AMCM to lower the policy rate within this year.
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Supporting the Macao Special Administrative Region Government in implementing the scheme to optimize the accessibility of the urban environment in Macao, Macao Government Tourism Office (MGTO) joined hands with MGM and Macau Deaf Association for the first time in organizing the workshops entitled “Empathy‧Silent Journey”, to raise the awareness of tourism industry professionals about the deaf and auditorily-impaired, through the lecture and interactive activities for participants to experience their silent world and real-life scenarios.
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A delegation from the University of Macau (UM), led by its rector Yonghua Song, recently visited renowned universities in Portugal. The UM delegation met with heads of Portuguese universities led by University of Lisbon (ULisboa) Rector Antonio da Cruz Serra, with the aim of strengthening collaboration between UM and Portuguese universities.
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Information from the Statistics and Census Service (DSEC) indicated that inward direct investment flows in Macao jumped by 662.4% year-on-year to MOP 26.86 billion in 2018, on account of an increase in the profits retained for reinvestment by foreign direct investors in the Gaming sector and Banks. Analysed by industry, inflows of direct investment in the Gaming sector and Financial Activities totalled MOP 19.01 billion and MOP 7.38 billion respectively, while Real Estate Development, Leasing & Sale Activities recorded a negative inflow (-MOP 1.16 billion). Analysed by country/territory of usual residence of direct investors, inward direct investment flows came mainly from the British Virgin Islands (MOP 10.53 billion), mainland China (MOP 5.93 billion), the Cayman Islands (MOP 5.27 billion) and Hong Kong (MOP 4.07 billion).
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