News

In an effort to implement the Framework Agreement on C-operation between Guangdong and Macao and maximise the influence of the Guangdong-Macao Co-operation Industrial Park on the moderate diversification of Macao’s economic development, the Macao Trade and Investment Promotion Institute (IPIM) and the Administrative Committee of the Hengqin New Area will initiate a new phase of investment recruitment for Guangdong-Macao Co-operation Industrial Park and start accepting applications for using the rest 2.57 square kilometres in the Park with a new assessment mechanism from 31^st this month. At the joint press conference, both IPIM’s Acting President Irene Va Kuan Lau and the Director of Administrative Committee of the Hengqin New Area Yang Chuan said that the new phase of investment recruitment will focus on high and new technology, strategic emerging industries and high-end service industry, with a view to contributing to the development of the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area, supporting the reform and opening-up of the country to enter a new era, helping more Macao enterprises to grasp the key opportunities arising from the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area, nurturing new economic drivers by further utilising the Guangdong-Macao Co-operation Industrial Park in Hengqin as a carrier and platform.
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From 31 Dec this year, Macao enterprises can apply for implementing investment projects in the Guangdong-Macao Co-operation Industrial Park. In the new recruitment phase, there will be no deadline for application and applications will be accepted until the total area of the Park has all been allocated. Eligible and Macao corporate body / natural person commercial entrepreneurs intending to invest in the Park can submit applications to the Macao Trade and Investment Promotion Institute pursuant to the “Application Guidelines on Intended Investment Projects in the Guangdong-Macao Co-operation Industrial Park on Hengqin Island”. The assessment will be carried out by the Assessment Committee for the Macao Projects for Hengqin Development, which composes of government officials from both Macao and Hengqin, representatives from industries and professional sectors. Qualified investments will be recommended to the Park by the Macao SAR Government.
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Consumer Council conducted its specific price survey on tissue papers, household cleansing products, and oral care products on 28 December for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June.
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The Statistics and Census Service (DSEC) released the 2017 Analysis Report of Statistical Indicator System for Moderate Economic Diversification of Macao and launched a thematic webpage that provides the latest available data of the indicator system to facilitate timely access to information regarding the economic diversification of Macao.
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Macao Post and Telecommunications Bureau will hold the stamp issuing ceremony of the stamp issue “Lunar Year of the Pig” at 10:30 a.m. on 5^th January 2019, at the Lobby of the General Post Office, Largo do Senado, Macao.
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The Institute for Tourism Studies has integrated entrepreneurship courses since 2015 into its bachelor degree programmes, namely Culinary Arts Management, Heritage Management, Hotel Management, Tourism Business Management, Tourism Event Management and Tourism Retail and Marketing Management. This fits the agenda set by the Macao SAR Government to stimulate the diversification of local economy as well as encourage innovation via entrepreneurship. The course instructor Dr. Fernando Lourenço developed the entrepreneurship courses aiming to expand the career perspectives of students and motivate them to start their own businesses. Dr. Lourenço also arranged guest talks and experience sharing by government officials, entrepreneurs and industry practitioners, namely Mr. Tai Kin Ip, Director of the Macao Economic Services (DSE), Mr. Gregory Kuong of Macao New Chinese Youth Association, Mr. Timonthy Leong of General Association of Chinese Students of Macau, Mr. Gary Chao of Bank of China and architect Mr. André Ritchie.
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The applications for the “2018 Support Programme for the Production of Feature Films”, organized by the Cultural Affairs Bureau (IC), are now open until 10 February 2019. Local filmmakers and producers are welcome to apply. Successful applicants will each receive a financial support of up to two million patacas to produce a feature film.
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Philip Chen, chair professor of the Faculty of Science and Technology, University of Macau (UM), received a formal letter from Dr Felix Unger, president of the European Academy of Sciences and Arts, who congratulates him on being elected a member of the European Academy of Sciences and Arts. In addition, Prof Chen has been recognised as a Global Highly Cited Researcher 2018 in the computer science category by Clarivate Analytics.
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The “3^rd Macao Printmaking Triennial”, organized by the Cultural Affairs Bureau, will showcase 175 winning and finalist works at different art venues from 28 December 2018 onwards, presenting the in-depth dialogues and collision of thoughts at this large-scale event of international printmaking art. All are welcome.
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Information from the Statistics and Census Service (DSEC) indicated that Gross National Income (GNI) at current prices amounted to MOP 372.96 billion in 2017, which was MOP 32.83 billion less than Gross Domestic Product (GDP) at current prices (MOP 405.79 billion), representing a net external factor income outflow of the same amount that was equivalent to 8.1% of GDP in 2017, slightly lower than the value (8.2%) registered in 2016. In 2017, per-capita GNI was MOP 574,668, as compared to per-capita GDP at MOP 625,254.
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