News

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP163.3 billion (USD20.19 billion) at the end of March 2019. The reserves decreased by 2.1% from the revised value of MOP166.8 billion (USD20.63 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-March 2019 represented 10 times the currency in circulation or 79.8% of pataca M2 at end-February 2019.
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Information from the Statistics and Census Service (DSEC) indicated that the Tourist Price Index (TPI) for the first quarter of 2019 went up by 0.72% year-on-year to 137.92. The increase was attributable to dearer prices of local food products and higher charges for hotel accommodation and restaurant services; yet, falling prices of clothing and handbags tapered off part of the increase. Among the various sections of goods and services, price index of Entertainment & Cultural Activities grew by 3.93% year-on-year due to rising prices of the Lunar New Year-related leisure goods (e.g. fireworks and firecrackers). Price indices of Accommodation and Food, Alcoholic Beverages & Tobacco rose by 3.73% and 3.28% respectively. Meanwhile, price indices of Clothing & Footwear (-6.94%) and Miscellaneous Goods (-2.50%) saw decreases.
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The University of Macau (UM) today (14April) held the annual Open Day to showcase its latest achievements in teaching and research. The event attracted many people who wanted to experience the international learning environment, the cultural diversity, and student life at UM. One parent from the Greater Bay Area said that he hopes his children can study at a beautiful first-rate university that offers academic programmes that suit his children’s interests. He said UM is an international university, with excellent software and hardware facilities for teaching and learning, which fills him with confidence that studying at UM will offer his son good career prospects.
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“Photo-Scripts – Photography Exhibition by João Miguel Barros”, organised by the Cultural Affairs Bureau, was inaugurated on 12 April, at 6:30pm, at the Macao Contemporary Art Centre – Navy Yard No.1. The opening ceremony was held in a lively atmosphere and was officiated by the Consul-General of Portugal in Macao and Hong Kong, Paulo Jorge Sousa da Cunha Alves; the President of the Cultural Affairs Bureau of the Macao SAR Government, Mok Ian Ian; the Deputy Director of the Department of Publicity and Culture of the Liaison Office of the Central People's Government in the Macao S.A.R., Liu Wei; the Director of the Department of Public Diplomacy and Information of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao S.A.R., Zheng Xinyou; the President of the General Assembly of the Photographic Society of Macao, Ma Chi Son; the curator and artist, Jose Drummond; and the artist João Miguel Barros.
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The Statistics and Census Service (DSEC) released the latest results of the Household Budget Survey which is conducted every five years. The survey results reflect the consumption pattern and income distribution of households.
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The 30^th Macao Arts Festival (MAF), organized by the Cultural Affairs Bureau (IC, from the Portuguese acronym), will be held from 3 May to 2 June. A number of programmes have been highly sought after since the first day of ticket sales, and therefore the organizer had organised an additional performance of the local show Wonder.Land, to be held on 4 May, at 3pm. Tickets will be on sale from 10am on 13 April at the Macau Ticketing Network outlets, and they may also be purchased on the internet or by phone.
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