News

In June 2019, the Association of Synergy of Macao filed a report to the CCAC indicating that the Supporting Office to the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (GASPF) had hired five people from the Chinese mainland as translators/interpreters under labour contract, raising doubts on violation of the provisions that require priority to be given to local candidates. The association requested the CCAC to investigate the legality of the employment.
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Liu Jianhong, Distinguished Professor in the Department of Sociology, University of Macau (UM), who is also the associate dean (research) of the Faculty of Social Sciences, has been re-elected president of the Scientific Commission of the International Society for Criminology (ISC) during the organisation’s 19^th World Congress. Prof Liu will serve a five-year term from 2019 to 2024.
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According to the statistics released today by the Monetary Authority of Macao, the proportion of international business in the local banking sector fell in the third quarter of 2019. At end-September 2019, the share of international assets in total banking assets decreased to 85.4% from 85.9% at end-June 2019, while the share of international liabilities in total banking liabilities fell to 81.9% from 82.1%.
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Information from the Statistics and Census Service (DSEC) indicated that the economy of Macao in the third quarter of 2019 contracted by 4.5% year-on-year in real terms, mainly attributable to a larger decline in exports of services. External demand continued to slow, with exports of services falling by 4.7%; meanwhile, exports of goods edged up by 0.5%. Domestic demand decreased at a slower pace; gross fixed capital formation dropped by 8.5% whereas private consumption expenditure and government final consumption expenditure rose by 2.8% and 4.3% respectively. Imports of goods and services increased by 1.6% and 2.1% respectively. The implicit deflator of GDP, which measures the overall changes in prices, went up by 2.4% year-on-year in the third quarter of 2019.
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Organized by the Cultural Affairs Bureau (IC, from the Portuguese acronym), the “2019 Macao International Parade”, celebrating the 20^th anniversary of Macao’s Handover to China, will be held on Sunday, 8 December. Extraordinary performing groups from all over the world and local artists will amplify their creativity and present the theme of this year’s Parade on the cultural and artistic characteristics of countries and regions along the initiative “One Belt, One Road”, bringing a festive atmosphere of the Parade as “an annual celebration for the entire city – VIVA!”.
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According to the statistics released today by the Monetary Authority of Macao, on 30 June 2019, investment of Macao residents (including individuals, the government and other legal entities but excluding Macao’s foreign exchange reserves) in securities issued by unrelated non-residents reached MOP808.3 billion at current market value, representing a rise of 19.5% from end-2018 or 17.2% from end-June 2018. Among the various instruments of portfolio investment, equity securities (including mutual funds and investment trust units), long-term debt securities and short-term debt securities were valued at MOP269.2 billion, MOP508.9 billion and MOP30.2 billion respectively. As compared with end-2018, equity securities, long-term debt securities and short-term debt securities rose by 17.5%, 18.8% and 57.8% respectively.
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In conjunction with the activities of 66^th Macao Grand Prix, the Taipa Houses, under the Cultural Affairs Bureau, will be temporarily closed to the public from 12pm on Saturday, 16 November, until the end of the same day. The entire area of the Taipa Houses (including Avenida da Praia) will be closed to the public on the designated day and access will be restricted to authorities and authorized vehicles.
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