News

Institute for Tourism Studies (IFT), the Hong Kong Polytechnic University (HKPolyU) and Sun Yat-Sen University signed yesterday (21 Nov) the memorandum entitled “Memorandum of Cooperation of the Establishment of Guangdong-Hong Kong-Macao Greater Bay Area Tourism Research Alliance”. The three institutions will jointly organise and set up the “Guangdong-Hong Kong-Macao Greater Bay Area Tourism Research Alliance”, studying issues related to tourism development in urban agglomeration of the Area, and building National Think Tank for the study of the Area.
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A delegation led by Geraldo Nunes Sobrinho, director of programmes and scholarships of the Coordination for the Improvement of Higher Education Personnel (CAPES) under the Ministry of Education of Brazil, recently visited the University of Macau (UM) in the company of Rafael Rodrigues Paulino from the Consulate General of Brazil in Hong Kong and Macau. The delegation was warmly received by UM Rector Yonghua Song, Faculty of Arts and Humanities (FAH) Dean Hong Gang Jin, Faculty of Law (FLL) Associate Dean Augusto Teixeira Garcia, and Global Affairs Office Director Cindy Lam. Both parties had an in-depth discussion on strengthening the collaboration between UM and Brazilian universities. Sobrinho highly praised UM for its achievements in teaching and research and looks forward to increased collaboration between both sides in personnel training.
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Consumer Council conducted its latest ‘Supermarket price survey’ on 21 November for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. Surveyed locations included supermarkets in São Lázaro and São Lourenço Parishes.
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Information from the Statistics and Census Service (DSEC) indicated that the Composite CPI in October 2018 increased by 3.35% year-on-year to 113.73, down by 0.16 percentage points from the 3.51% growth in September. The increment in October was attributable to higher rentals for dwellings, dearer charges for eating out, rising parking meter rates as well as increasing prices of gasoline and women’s clothing.
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Information from the Statistics and Census Service (DSEC) indicated that a total of 2,088 organisations were operating in the four core domains of cultural industries in Macao in 2017, namely 'Creative design', 'Cultural exhibitions & performances', 'Art collection' and 'Digital media', representing an increase of 175 year-on-year. Total number of persons engaged rose by 6.4% to 11,702, and Compensation of Employees went up by 7.3% to MOP 1.83 billion. Total Service Receipts of the cultural industries stood at MOP 7.08 billion, up by 4.8% year-on-year. Gross Value Added that measures the sectoral contribution to the economy increased by 6.9% to MOP 2.38 billion, accounting for 0.6% of the total Gross Value Added of all economic activities of Macao in 2017, the same proportion as in 2016. Gross Fixed Capital Formation of the cultural industries amounted to MOP 0.46 billion, down by 3.1%.
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Gross Value Added of all economic activities of Macao registered a 9.1% growth in real terms in 2017 after declining by 0.7% year-on-year in 2016, underpinned by satisfactory performance of the tertiary sector, with Gross Value Added of Wholesale & Retail and Gaming & Junket Activities increasing by 21.9% and 16.2% respectively in real terms.
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The Government is to set up a memorial zone at Flora Garden to commemorate “Bobo”, an Asian black bear that lived in Macao for more than three decades.
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Information from the Statistics and Census Service (DSEC) indicated that Gross Domestic Product (GDP) in the third quarter of 2018 expanded by 1.6% year-on-year in real terms. The economy grew at a slower pace, mainly due to a continuous decline in construction investment and a notable slowdown in growth of exports of services. External demand growth eased; exports of services rose by 6.3% year-on-year, in which exports of gaming services and other tourism services went up by 5.8% and 11.4% respectively; meanwhile, exports of goods dropped by 8.8%. Domestic demand weakened, with investment declining substantially by 20.1% year-on-year in the third quarter; private consumption expenditure, government final consumption expenditure and imports of goods increased by 4.1%, 5.4% and 2.9% respectively. The implicit deflator of GDP, which measures the overall changes in prices, went up by 3.8% year-on-year.
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