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External merchandise trade statistics for November 2018
Information from the Statistics and Census Service (DSEC) indicated that total merchandise export for November 2018 amounted to MOP1.02 billion, up by 1.8% year-on-year. Value of re-exports (MOP899 million) increased by 6.8%, with that of Beauty, cosmetic & skin-care products surging notably by 526.1%. However, value of domestic exports (MOP124 million) dropped by 24.1%, with that of Pharmaceutical products & organic chemicals and Tobacco falling by 60.7% and 48.3% respectively. Total merchandise import rose by 6.7% year-on-year to MOP8.06 billion, of which imports of Beauty, cosmetic & skin-care products, Garments & footwear and Mobile phones expanded by 34.6%, 21.2% and 20.4% respectively. Merchandise trade deficit in November amounted to MOP7.04 billion.
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Employment survey for September-November 2018
Information from the Statistics and Census Service (DSEC) indicated that the employment situation in Macao was satisfactory. The general unemployment rate for September-November 2018 was 1.7%, down by 0.1 percentage point from the previous period (August-October 2018); meanwhile, the unemployment rate of local residents remained unchanged at 2.4% and the underemployment rate dropped by 0.1 percentage point to 0.3%.
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Package tours and hotel occupancy rate for November 2018
Information from the Statistics and Census Service (DSEC) indicated that visitors on package tours totalled 908,000 in November, up by 16.5% month-to-month but down slightly by 0.9% year-on-year. Package tour visitors from Mainland China (721,000) dropped by 4.1% year-on-year, whereas those from the Republic of Korea (59,000) and Taiwan (63,000) surged by 24.3% and 40.5% respectively. In the first eleven months of 2018, visitors on package tours totalled 8,191,000, up by 6.1% year-on-year.
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Beneficiaries of Old-Age and Disability Pension are Required to Provide Proof of Life in January 2019
The Social Security Fund (abbreviated to “FSS” in Macao) reminds members of the public that beneficiaries currently receiving old-age or disability pension from the FSS are required to provide proof of life in January each year, and about 110,000 people will be involved for 2019. Beneficiaries who have registered to receive SMS alerts will receive the SMS notification, whereas beneficiaries who have not registered to use the service may also sign up for the service when they go to the FSS to provide proof of life in person.
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New Recruitment Phase of Investment Projects for the “Guangdong-Macao Co-operation Industrial Park” in Hengqin Aiming at High and New Technology, Emerging Industries and High-end Service Industries
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 31st 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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Discreetness and Transparency Enhanced in the New Assessment Standard of Investment Project Recruitment for Guangdong-Macao Co-operation Industrial Park Representatives of Industries and Professional Sectors Join the Assessment Committee
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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