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Information from the Statistics and Census Service (DSEC) indicated that inward direct investment flows decreased by 79.9% year-on-year to MOP 3.01 billion in 2017. The decline was due to a reduction in the amount of reinvestment resulted from a generous distribution of dividends by some gaming enterprises, as well as the repayment of loans from foreign direct investors and fellow companies abroad. Analysed by industry, inflows of direct investment in Financial Activities and the Construction sector totalled MOP 5.37 billion and MOP 1.13 billion respectively, while the Gaming sector recorded negative inflow (-MOP 3.05 billion). Analysed by country/territory of usual residence of direct investors, inward direct investment flows came mainly from the British Virgin Islands (MOP 6.11 billion), Mainland China (MOP 3.56 billion) and Hong Kong (MOP 3.33 billion), whereas inflow from the Cayman Islands remained negative (- MOP 8.64 billion).
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The 2018 IEEE (Institute of Electrical and Electronics Engineers) International Conference on Radio Frequency Identification Technology and Applications (IEEE RFID-TA 2018) was recently held in Macao. Co-organised by the University of Macau (UM) Faculty of Science and Technology (FST), the IEEE Council on Radio Frequency Identification (RFID), and IEEE Macau AP/MTT Joint Chapter, the event attracted over 80 experts, scholars, researchers, and industry practitioners in the field of RFID from the United States, Europe, Singapore, Japan, India, mainland China, Hong Kong, and Macao. Participants discussed the latest developments and research findings in RFID and its applications in the Internet of Things, and explored opportunities for further collaboration and joint development in the field.
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In order to strengthen world heritage management and monitoring concepts and improve methods for the promotion of China’s cultural heritage, and enable the development of management and monitoring capabilities, while also encouraging the exchange and cooperation between professionals from China and from other parts of the world who connected to the area of cultural heritage protection, the “2018 World Heritage Monitoring and Management Training Course” will be held between 8 and 19 October at the Institute for Tourism Studies (IFT).
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The Consumer Council held “A Dialogue between Young People and the Executive Committee President of the Consumer Council on Honesty and Integrity” earlier, Wong Hon Neng, President of the Executive Committee of the Council, indicates that local young people possess creativity and are practical, young people are suggested to participate in social affairs for the sustainable development of Macao.
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The National Security Committee, which is headed by the Chief Executive, held its first plenary meeting on 5 October, one day after the by-law governing the Committee came into effect.
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The Safeguarding State Security Committee, which is headed by the Chief Executive, held its first plenary meeting on 5 October, one day after the by-law governing the Committee came into effect.
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To commemorate the Legislative Assembly Building Open Day, Macao Post and Telecommunications Bureau announces that a Temporary Post Counter will be set up at the Square of Legislative Assembly Building on 20^th October 2018, from 10:00 to 18:00 providing the commemorative postmark cancellation service for the “Legislative Assembly Building Open Day”.
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Market worries about trade tensions between China and the United States (US) and rising yields of US treasury bonds affected investor sentiment, causing the three major indexes of the US stock market to fall significantly. The Macao SAR Government is closely monitoring developments in global financial markets in order to uphold the stability of the Macao’s economy and its financial system, while urging investors to pay close attention to market developments, remain vigilant and control risks. The Macao SAR Government has strong fiscal strength, good external financial position, a reliable linked exchange rate system and a sound financial system. The Macao SAR Government and the local financial system have sufficient capacity to cope with fluctuations in the financial markets.
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