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International banking statistics – June 2018
According to the statistics released today by the Monetary Authority of Macao, the proportion of international business in the local banking sector rose in the second quarter of 2018. At end-June 2018, the share of international assets in total banking assets increased to 85.9% from 85.5% at end-March 2018, while the share of international liabilities in total banking liabilities rose to 80.9% from 80.4%.
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CE: Macao’s distinctive strengths to get full play in Greater Bay Area
The Government of the Macao Special Administrative Region (SAR) is to make maximum use of the city’s distinctive strengths – in coordination with the Central Government – regarding the development of the Guangdong-Hong Kong-Macao Greater Bay Area.
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UM holds seminar for new students on career opportunities in Greater Bay Area
The University of Macau (UM) today (15 August) held a seminar for new students from the Greater Bay Area on career opportunities in the region. During the seminar, UM Rector Yonghua Song encouraged new students to study hard and prepare themselves for taking part in the development of the Greater Bay Area in the future. Mi Jian, chief advisor to the Policy Research Office of the Macao SAR government, said that Macao residents will start to feel the convenience of living in the Greater Bay Area as its urban areas grow.
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Consumer Council released its latest ‘Supermarket price survey’ on Sé Parish
Consumer Council conducted its latest ‘Supermarket price survey’ on 15 August for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. Surveyed locations included 13 supermarkets in Sé Parish.
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Community life not adversely affected by Typhoon Bebinca
Typhoon Bebinca had no major adverse effect on community life and no major incident or damage recorded during the storm.
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Foreign exchange reserves and nominal effective exchange rate index for the pataca – July 2018
The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP156.9 billion (USD19.41 billion) at the end of July 2018. The reserves increased by 2.7% from the revised value of MOP152.8 billion (USD18.91 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-July 2018 represented 10 times the currency in circulation or 82.3% of pataca M2 at end-June 2018.
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Government working to minimise Typhoon Bebinca’s impact
The Acting Chief Executive, Ms Chan Hoi Fan, today directed all public departments to take necessary measures in response to a severe tropical storm called Bebinca affecting Macao.
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